Latest Real Estate
L.A.’s Home Market Stalls Amid Hollywood Labor Disruption
After the WGA and then SAG-AFTRA went on strike, Los Angeles real estate agent Michelle Schwartz quickly felt the impact. “I was working with a producer who was relocating from England,” she explains. “It was a good all-cash $6 million purchase. Then the strike happened, and the deal was off. She says, ‘I’ve got to go […]
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The 35 Go-To L.A. Real Estate Brokers for Beyoncé, J. Lo and Other Hollywood Heavyweights
“We had a 13-year run of a robust market and are experiencing a necessary cycle change,” says Rayni Williams of The Beverly Hills Estates, reflecting on the 36 percent drop in luxury home sales that hit L.A. in the second quarter. Meanwhile, the median price of a home in Los Angeles hovered at $963,000, down 1 percent […]
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Mauricio Umansky to Host The Hollywood Reporter’s L.A. Power Broker Awards at Madonna’s Former Home
Mauricio Umansky, the co-founder of real-estate brokerage The Agency — who also stars on Netflix’s Buying Beverly Hills and is a contestant on the new season of Dancing with the Stars premiering on Tuesday — is set to follow up his dancing debut by hosting The Hollywood Reporter‘s annual L.A. Power Broker Awards. The evening will […]
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Why Mark Wahlberg and the ‘CSI’ Creator Are Buying Into Vegas’ Luxury Real Estate Boom
“We are thankful for the Californians because you are helping our market,” says real estate agent Trish Nash, of Douglas Elliman. “What started all this was COVID. We started to see people make lifestyle changes and really take a look at what their living situation was. And we started to see this influx of buyers […]
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‘Million Dollar Listing’ Star Josh Flagg Launches Media Company Spotlighting Real Estate Content Creators
Josh Flagg, one of real estate’s most recognizable personalities thanks to his long-running presence on Bravo’s Million Dollar Listing Los Angeles, has announced that he’s started a media business. The new Estate Media — launched with former Amazon Prime Video and Roku content-acquisition exec Griff O’Brien and Andrew Shanfeld, co-founder of real estate private equity […]
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Meet Maya, an AI Real Estate Expert Launched by Celebrity Agent Fredrik Eklund
Real estate agents are already using ChatGPT to help write listing descriptions, while prop tech, short for property technology, is one of the hottest areas of development in the real estate world, from artificial intelligence-powered interior design generator ReImagine Home (which can be used by potential buyers to quickly envisage how a home could be […]
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Meet the Nepo Babies Who Are Buying $3 Million L.A. “Starter Homes”
Early homeownership long has been part of the American dream. But in Los Angeles, Hollywood nepo babies are often buying more than a modest one-story ranch. “Think of them as a starter home,” says Paul Lester, a partner at The Agency. “But a starter home in some other community somewhere in the States is a […]
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Finding the Next Big Stars in Real Estate
When mega-selling agents Oren and Tal Alexander of The Alexander Team left Douglas Elliman last June to co-found a new brokerage, they vowed they would do things differently. Now their new firm Official — which focuses on residential real estate deals for ultra high net worth clients, including Hollywood names — is rolling out what they […]
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‘Kung Fu Panda’ Producer Melissa Cobb Lists 1920s Spanish Colonial in Los Feliz
After barely four years of ownership, Melissa Cobb has decided to hoist her elegant residence in a prime Los Feliz neighborhood of Los Angeles onto the market. And, according to the listing held by Marci Kays and Jonathan Mogharrabi of Carolwood Estates, the glam Spanish-style mansion “truly embodies Hollywood’s golden era.” The veteran entertainment industry executive — probably best known […]
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Meet New York City’s Rising Real Estate Stars of 2023 Including ‘Real Housewives’ Star Erin Lichy
The current real estate market is tough. But despite obvious challenges like high interest rates, these standout New York City next-gen real estate agents — Eric Brown of Compass, Maggie Chong of Serhant, the Corcoran Group duo of Marko Arsic and Jason Lau, Douglas Elliman’s Erin Lichy (a star of the new season of The […]
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‘Saw’ Franchise Producer Oren Koules Cuts $35 Million Deal on Malibu’s Broad Beach
Heard about a real estate market slowdown? Pshaw! It doesn’t appear to have impacted Malibu’s famed Broad Beach, where a house that traded hands for less than $8 million five years ago has just sold again — this time, for $35 million. The fortunate off-market sellers were film producer Oren Koules (Two and a Half Men, the […]
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The Mansion Tax Effect: Luxury Home Sales Stall in Los Angeles
In early 2023, L.A.’s luxury real estate market experienced a boom as deals were closed before the April 1 implementation of Los Angeles’ Measure ULA, known as the “mansion tax.” In the first quarter, the number of $5 million-plus homes sold increased by 35 percent, with Brentwood, Pacific Palisades and Hancock Park proving particularly active. Before the tax […]
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James Cameron Seeks $33M for Epic Coastal California Paradise
If you’ve always wanted to be “king of the world,” this titanic Santa Barbara compound could be just the ticket! As first reported by The Wall Street Journal, the picturesque 102-acre spread long owned by James Cameron has just popped up for sale in the gated residential and agricultural Hollister Ranch enclave resting along the rural Gaviota coastline, […]
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‘Joker’ Screenwriter Scott Silver Buys $4.9M L.A. House From Philanthropist Jamie Tisch (Exclusive)
Screenwriter Scott Silver, known for Joker, The Fighter, 8 Mile and The Finest Hours, has bought a mid-century modern house owned by socialite and philanthropist Jamie Tisch for $4.99 million. The sale comes months after the home hit the market in March for initially $7 million and about 2.5 years after Tisch initially acquired the […]
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“And the Real Estate Agent With the Most Stratospheric Sale Is…”: The 2023 New York Power Broker Awards
Last year, The Hollywood Reporter launched the annual New York Power Broker Awards, bestowing honors on the market’s top sellers and savvy marketers. For 2023, THR is announcing winners in two categories and the nominees for such accolades as penthouse sale of the year and real estate rising star. The winners in nominated categories will […]
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New York’s Top Real Estate Agents: The 2023 List
Last year started with a bang for brokers in New York, but by fall and into 2023, a series of unfortunate events was putting a stranglehold on the market. Historically low interest rates gave way last year to the highest in decades. Crypto crashed and banks failed. The specter of an all-out recession loomed. In […]
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