Luxury holds steady despite overall Manhattan market slowdown in Q4

As prices and transaction volume both fell in Manhattan’s market at large year over year, luxury properties priced at or above $10 million still managed to perform well to close out 2022. Continue reading

Tal Alexander censured by REBNY following ethics complaint

REBNY’s Committee on Ethics and Professional Practices found Alexander guilty of deliberately interfering with Fox Residential Group President Barbara Fox’s broker-client relationships and interactions in a 2021 transaction at an Upper East Side condo. Continue reading

Hot off Balthazar outburst, James Corden lists $9.7M Brentwood home

After a hot-headed encounter at a restaurant in New York City, “The Late Late Show” host James Corden appears to be preparing to sell his 8,600-square-foot home in Los Angeles’ Brentwood enclave. Continue reading

It’s the end of an era as ‘father of the Zestimate’ retires from Zillow

Stan Humphries, most recently Zillow’s chief analytics officer, announced his retirement this month after 15 years with the portal. For better or worse, his work changed real estate forever. Continue reading

New York state and New York City recoup $3M from luxury developer

Heatherwood Communities LLC received tax exemptions on two of their rental properties in Queens and Brooklyn, but failed to pay the buildings’ service employees wages and benefits for over two years. Continue reading

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

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

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

The Alan Louie Team joins Coldwell Banker Warburg from Compass

The New York City luxury and new development real estate specialist Louie joins the firm with team members Kwesi O. Kwarteng, Eunice Kim and Alice Wang. Continue reading