Debt-ridden Bel Air mega-mansion fails to nab $50M target at auction

As of the auction’s closing bid on Monday, celebrity botox doctor Alex Khadavi’s Bel Air mansion had gone for $46.76 million, below the $50 million reserve price set by bankruptcy courts. Continue reading

The Agency acquires Triplemint, raises $35M

The deal and funding come amid rapid expansion for Los Angeles-based The Agency. And the firm plans to use the new money to grow even more. Continue reading

Quetzal Grimm leaves Compass to expand The Agency in Silicon Valley

Grimm, who most recently served as a sales manager at Compass, will lead The Agency’s expansion throughout Silicon Valley with offices located in Los Altos, Palo Alto and Woodside. Continue reading

Inman Connect returns: Big parties, tech’s reckoning and a Zillow pile-on

The event wrapped up this week after a two-year, pandemic-forced hiatus — and highlighted all the ways the real estate industry is still evolving. Continue reading

The Agency to launch Miami franchise led by Arana, Umansky

The office, which will be located in the Bal Harbour neighborhood, will mark the brokerage’s 34th franchise globally. Forty agents will operate out of The Agency Bal Harbour and will assist buyers and sellers across Miami, Palm Beach, Boca Raton, Fort … Continue reading

What sells? Owning your personality and being yourself

The Agency agent Matt Lionetti, the Toronto-based social media dynamo ,entered real estate with the dream that his retail experience would quickly result in lucrative sales. Instead, he found himself wearily knocking on doors and being rudely shooed away. Continue reading

Mauricio Umansky: Agents should be advisors

The founder and CEO of luxury California-based luxury brokerage The Agency argued Tuesday that agents will stick around for the foreseeable future. Continue reading

5 ways to give your agents what they need (whether they know it or not)

Creating an incredible experience for your agents takes thought and creativity. According to founder and CEO of The Agency Mauricio Umansky, it starts with making them feel valued, connected and heard. Continue reading

The luxury market in 2021: sky-high prices, scandals and acquisitions

The luxury housing market had a strong year in 2021 as high-net-worth individuals continued to buy and sell homes at a quick pace. The market saw big acquisitions, eye-popping deals and exciting new trends. Continue reading

Considering a boutique brokerage? Look for these 6 things

Boutique is very much a feeling rather than a size, defined by things like high-touch service, impeccable marketing and a superior product. Here’s what to look for if you want to hang your license with a boutique brand. Continue reading