What’s a ‘tornado housing market?’ Hint: You might be in one right now

Coldwell Banker Warburg President Frederick Warburg Peters coined the term to describe a phenomenon where one home trades hands briskly while a similar property nearby languishes. Continue reading

The Agency launches newest location in The Bahamas

The office marks the company’s 41st global franchise and its third location in the Caribbean, following Turks and Caicos and the Cayman Islands. Managing Director Danny Lowe will lead efforts at The Agency Bahamas. Continue reading

Compass takes over sales from Corcoran at NYC ‘condop’ building

After selling eight out of its 13 units, the condop, a building comprised of condominiums and co-op units, at 1228 Madison Avenue is bringing on a new real estate brokerage to finish the job. Continue reading

Inez Wade advances cancer research 1 luxury sale at a time

Since Inman spoke with Wade in January 2017, Penn Medicine’s Abramson Cancer Center, where she established a research endowment, has garnered 18 FDA approvals for new cancer treatments. Continue reading

Gilded Age mansion breaks Fifth Ave. townhouse record in $50M sale

The Beaux-Arts-style townhouse had not traded hands in over 75 years and marks a price record for any townhouse sold on Fifth Avenue, according to Douglas Elliman Realty. Continue reading

Sale of Aspen mansion marks one of the city’s biggest deals ever at $69M

The buyers of Silver Lining Ranch, Meriwether Companies and Revere Capital, intend to rent out the mansion on a nightly basis as a short-term rental. Continue reading

Engel & Völkers Americas promotes NYC leader as chief strategy officer

In this role, Stuart Siegel will identify and manage new areas of growth opportunity, and keep his existing roles as a leader at the brand’s New York City office and as global head of Private Office and Development Services. Continue reading

The agent replied to a fishy email. Then Michael Jackson showed up

Over five years, Zar Zanganeh, then a young agent with Las Vegas Sotheby’s International Realty, nurtured a relationship with the musician until his death in 2009. In the process, he inked deals for Jackson, Brittney Spears and Prince, whom he was aske… Continue reading

Luxury home sales plunge to 10-year low, surpassing COVID levels

Luxury home sales in the U.S. dove by 28.1 percent year over year during the three months ending Aug. 31, 2022 — eclipsing the 23.2 percent drop in luxury sales at the height of the pandemic — Redfin data shows. Continue reading