Engel & Völkers CEO steps down as brokerage names successor

After nine years as CEO, Sven Odia will step into the newly created role of president, with a focus on supporting the luxury brand’s expansion into new markets. Continue reading

Vacation home demand near 7-year low due to costs, employer policies

Mortgage-rate locks on second homes were down 47 percent from their pre-pandemic levels in Aug. 2023 as market factors have made owning a second home more costly and complicated in the last year, Redfin reported. Continue reading

Site for Mohamed Hadid’s troubled spec mansion lists for $68M

The LA luxury developer is being forced to sell the 27-acre site, which was slated for an elaborate mega mansion, after a creditor tried to foreclose on the property and Hadid filed a bankruptcy petition. Continue reading

Marilyn Monroe home slated for demolition is saved — for now

The L.A. City Council filed an emergency motion Friday to establish the home as an Historic-Cultural Monument to avoid demolition after thousands of concerned citizens registered their complaints. Continue reading

Lux CEO, former fashionista joins Christie’s International Real Estate

Luxury agent Shelton Wilder, CEO of the Shelton Wilder Group, joins Aaron Kirman at AKG | Christie’s International Real Estate after closing $150 million in sales volume in 2022. Continue reading

Dripping in drama, ‘Selling the OC’ returns for Season 2

New cast member, new Cabo office and plenty of new luxury listings — the cast tells Inman this season will be bigger, better and beefier. Continue reading

Loy Carlos, Kenneth Moore launch Nest Seekers Global Wealth office

Carlos and Moore, who have collaborated on other ventures in the past, have joined the global luxury company to spearhead the new division of advisory services across clients’ luxury holdings. Continue reading

Compass Sports & Entertainment adds 29 agents to mid-year class

The new class brings the total number of Compass Sports & Entertainment Division agents up to 158 agents representing 71 different markets. In 2022, they closed more than $7.7 billion in sales volume. Continue reading

Marilyn Monroe’s former LA home poised for demolition

The Brentwood property where Monroe died from an overdose in 1962 dates back to 1929 and still has original architectural features like beamed ceilings, terracotta tile floors and casement windows. Continue reading

Leslie Clarke Team leaves William Raveis for Compass in Connecticut

Leslie Clarke and Jeannette Floto’s team specializes in the upscale Westport and Fairfield County markets, according to an announcement. In 2022, the two-agent team closed $124.33 million in sales. Continue reading