A theory is emerging online about a mass exodus from New York City

Warehousing? Inflated algorithms? Shady developers? They’re all part of a new report on what’s driving up rental prices in New York City. However, social media users aren’t buying the theory. Continue reading

SERHANT. says goodbye to top broker Tamir Shemesh

The motivation for Shemesh’s termination was not immediately known and came just over one year after Shemesh and his four-person team moved to SERHANT. from Douglas Elliman. Continue reading

Pool of agents working in LA shrunk amid slowdown last year: Analysis

The number of active real estate agents in LA decreased by 27 percent year over year, falling from 4,800 agents in the fourth quarter of 2021 to 3,500 agents during the same period in 2022. Continue reading

Hilton & Hyland taps David Kramer to succeed Jeff Hyland as president

Kramer has been with the luxury boutique firm since 2005 and is one of Hilton & Hyland’s top producers. He succeeds the late Jeff Hyland, who died of cancer nearly a year ago. Continue reading

Bess Freedman, Serhant butt heads (again) after bizarre pitch to BHS

In a bold move to start the new year, a SERHANT. representative pitched the brokerage’s training and coaching programs to BHS CEO Bess Freedman, although BHS already has its own in-house programs. Continue reading

10 months after ‘The One,’ Richard Saghian scoops up $40M Malibu pad

Not content to pause after purchasing “The One” megamansion for $126 million in March, the Fashion Nova founder also added the $40 million Billionaire’s Beach property to his portfolio recently. 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

Ken Griffin revealed as buyer of record $107M Miami sale

One week after the record sale of businesswoman and philanthropist Adrienne Arsht’s 4-acre waterfront Coconut Grove estate, hedge funder Ken Griffin has emerged as the buyer. Continue reading

Compass Houston’s founding agent jumps to Sotheby’s

Bryan Beene is jumping ship to Martha Turner Sotheby’s, leaving the office he founded in 2019 behind as the now public company reaches a critical juncture, a report says. Continue reading