Can futuristic utopias solve our housing crisis?

People have been founding new cities forever. However, it turns out building a successful place is harder than it looks — and sometimes takes a very long time. Continue reading

NYC top producers to form The Luxury Alliance Team at SERHANT.

Alexandra Newman, MaryElizabeth Smith and Amit Golriz have left Corcoran to start a new mega team at SERHANT. with four additional Corcoran agents making the move with them. Continue reading

Nikki Beauchamp leaves Engel & Völkers for Sotheby’s

After nearly a decade at Engel & Völkers, Beauchamp said that now was a good time for her to start a new chapter. She landed at Sotheby’s largely because of how she believes her clients will be served by the brand’s international network. Continue reading

Once-priciest home in US slashes ask by a hefty $55M

The Central Park Tower penthouse, developed by Extell and Shanghai Municipal Investment, initially asked $250 million. The property is currently the tallest residence in the world. Continue reading

NYC top producer Deanna Lloyd joins BHS from Compass

Lloyd spent about four years at Compass before her move, Inman has exclusively learned. She has helped facilitate nearly $200 million in sales across New York City over the course of her roughly 10-year career. Continue reading

35 Hudson Yards still sits half empty 10 years later: Report

Now, about four years after sales first launched, Related Companies is offering price cuts and to cover buyers’ closing costs and taxes among other incentives, to try and move more units as sales lag behind expectations, according to a report. Continue reading

Demand for urban homes will be ‘muted’ for years: McKinsey

Consulting firm McKinsey & Company has found that pandemic-induced hybrid work is here to stay, for better or worse, ensuring permanent consequences for real estate agents in larger cities. Continue reading

Widow of billionaire David Koch unloads Manhattan townhouse

The $41 million transaction is merely the most recent in a string of deals by philanthropist Julia Koch, who also purchased a pair of Upper East Side apartments last year from the estate of Paul Allen. Continue reading

Manhattan luxury-condo sellers are giving in to buyer demands

Even as transactions are going through for higher-priced condos and apartments, sales in the lower price tiers have been drying up. Continue reading

UrbanDigs launches custom advisory service for NYC agents

Reports from UD Advisor examine listings and specific situations with hyper-local market data, relevant sales and custom analytics from UrbanDigs to provide agents with actionable, data-based recommendations for their businesses, Inman has exclusively … Continue reading