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

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

Suburban New York team joins forces with Howard Hanna

The Mark Seiden Real Estate Team is partnering with Howard Hanna Rand Realty, increasing the latter’s influence north of New York City, according to an announcement. Continue reading

Rebecca Mason joins Compass as NYC sales manager

Prior to her stint at CityRealty, Mason spent several years at Stribling & Associates which was acquired by Compass in 2019. Now she’ll be reunited with many of her former colleagues, Inman has learned. Continue reading

CoStar posts profitable Q2 as real estate portals tally record traffic

The commercial and would-be residential giant saw revenue jump 13 percent year over year in the second quarter while profit climbed 20 percent, according to a 2Q earnings call Tuesday afternoon. Continue reading

New Yorkers are white-knuckling a turbulent summer buyer’s market

Like the energy of its premier city, homebuyers and sellers in New York State are grappling with a rollercoaster summer, with extreme buyers’ and sellers’ markets taking consumers on a wild ride. Continue reading

Compass nabs ‘star’ New York City agent and team from SERHANT.

Maggie Wu is the latest of many agents to “boomerang” back to Compass after briefly leaving for another company. She leads the 4-person W Team which closed $102 million in sales last year. Continue reading

Rex Heuermann: What we know about the killer’s architecture firm

The founder of RH Consultants & Associates in Long Island, New York, oversaw projects on behalf of Target, Nike and others while allegedly carrying out a string of murders between 1996 and 2011. 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