Russian billionaire’s penthouse among top Manhattan contracts

Penthouses asking $45 million and $39 million topped Manhattan luxury contracts during the week ending Nov. 17, according to Olshan Realty’s weekly luxury report. A total of 37 contracts were signed on properties priced $4 million and up. Continue reading

Corcoran Group enters nation’s capitol with new franchise

In welcoming Corcoran McEnearney to its network, the brand grows the number of Corcoran-affiliated agents by nearly 10 percent. The new company will have offices in D.C., Maryland, Virginia and West Virginia. Continue reading

The ‘luxurification’ of the West faces its growing pains

As “Yellowstone” sunsets this year, Inman took a look at some of the factors that have contributed to the “luxurification” of Western resort towns and asked agents about finding market balance for the haves and have-nots. Continue reading

Corcoran Group welcomes first Mexico-based franchise in Baja

Corcoran The Baja Real Estate Co., owned and led by Blake Harrington, has joined the brokerage’s network and will serve the greater Cabo San Lucas market. Continue reading

Anthony Hitt to step down as CEO of Engel & Völkers Americas

Stuart Siegel, the Americas chief strategy officer, will serve as interim president and CEO until a permanent replacement has been found for Hitt, who has served with the luxury brand since 2010. Continue reading

After selling Tadao Ando home, Ye snags $35M Beverly Park pad

Ye’s new mansion spans about 20,000 square feet and sits on about seven acres. The property last sold for $24.5 million in 2022. Continue reading

Howard Lorber disclosed broker relationships in board investigation

In advance of his retirement from the firm, Lorber allegedly underwent a five-hour-long internal inquiry, Bloomberg reported, during which he disclosed intimate relationships with agents Jennine Gourin and Jessica Cohen. Continue reading

Douglas Elliman sees revenue inch upward after tumultuous Q3

New company CEO Michael Liebowitz stressed in an investors call Thursday morning that Douglas Elliman is seeking to diversify its revenue streams and increase ROI as it enters a “new era.” Continue reading

Elliman’s California business faces lawsuits alleging kickbacks

The allegations launched by two former employees claim that closing statements had been altered to bump up agent commissions, with a particular bias in favor of the Altman Brothers team. Continue reading

World Series of Luxury results: Ohtani puts on a ‘Sho’ in Hawaii

On top of his first MLB World Series title, Ohtani has been crowned by Inman readers as the champion of luxury real estate for his new build with ocean views on the Big Island. Continue reading