Miami investors lose another hotel to foreclosure auction

In the same week that the investment firm lost the Waldorf Astoria in Washington, D.C., to a foreclosure auction, CGI Merchant also had to let go of the Gabriel Miami Downtown in a foreclosure auction to an affiliate of Madison Realty Capital. Continue reading

Lofty acquires real estate CRM company Firepoint

There is a good deal of feature overlap between the Lofty and Firepoint, with both providing the market website creation and content management, AI assistants and lead generation and oversight. However, Lofty ventures into transaction management, omnic… Continue reading

HomeServices commission settlement gets prelim approval

HomeServices previously agreed to pay $250 million to settle various commission suits. A final approval hearing is set for November. Continue reading

Now in beta, Eden’s AI home search aims to upend ‘Big Search’

Agents can use Eden’s AI tools to compete for business with affordability, a unique advantage in a market that may soon find buyers having to pay directly for representation Continue reading

Climate activists vandalize Lionel Messi’s $12M Ibiza home

Spanish climate activist group Futuro Vegetal smeared the star footballer’s mansion in red and black paint to blame the rich for the climate crisis, while also highlighting the lack of action on the part of the Spanish government, the group said. Continue reading

Ultra-luxury sales show resilience, up 3.9% from last year

Ultra-luxury sales, or residential sales valued at or above $10 million, totaled $14.6 billion across 838 transactions, an increase of 3.9 percent during the first half of the year. Continue reading

Auction site bids to attract buyers amid commission changes

Rock Smart Realty, led by broker RJ Timlin, will launch a website called moversandshakers.ai to help consumers and agents buy and sell homes in an open-offer, transparent environment. Continue reading

REACH Commercial announces latest proptech class

The seven startups that are part of REACH Commercial’s latest class each promise to advance the way commercial brokerages service the industry, ranging from a green building resource solution to a pro-small business engine to help entrepreneurs own the… Continue reading

Douglas Elliman sees revenue tick up in Q2 2024

The company’s improved financial results no doubt came as a sigh of relief, as Elliman faced increasing pressure from shareholders in recent months because of its shaky performance over the past few quarters. Continue reading

Real Brokerage sees new highs in revenue, gross profit during Q2

The cloud-based brokerage saw surprisingly positive second-quarter earnings results during a tough market. Real chairman and CEO Tamir Poleg said the results were a testament to the firm’s business model. Continue reading