Corcoran lands Million Dollar Listing star Steve Gold from Town Steve Gold also interviewed at Elliman and Compass: sources
285 West 110th Street, Steve Gold and Pam Liebman
Town Residential s Steve Gold is heading to the Corcoran Group fo爱上海 llowing last week s closure of Town s brokerage business.
Gold — a co-star on Bravo TV s Million Dollar Listing New York — was one of Town s most sought-after free agents with nearly $87 million worth of listings as of April 20, including $20.8 million worth of in-contra上海同城对对碰交友社区 ct deals, according to On-Line Residential. In February, Gold took over sales for Circa, a 38-unit condominium at 285 West 110th Street, which had 21 units remaining to be sold.
Sources said Gold, a former model, also considered Compass and Douglas Elliman, where MDLNY co-star Fredrik Eklund is an agent. In hiring Gold, Corcoran appears to be waiving a policy that precludes agents from appearing on reality television.
Having Steve and his team join Corcoran is a wonderful turn of events, Corcoran CEO Pam Liebman said in a statement, adding that Gold would bring his seven-person team to the firm. Gold said over the past five years, Town helped him grow his business and find a niche in the luxury market. At Town, he sold more than $500 million worth of real estate.
After Town s collapse on April 19, riva上海贵族宝贝交流区 l brokerages have courted more than 300 agents.
Gold s move was first reported by Page Six.
On Wednesday, Town dropped a 25 percent referral fee for listings[……]Read More
Howard Lorber and real estate pals to raise money for Trump at Hamptons manse John Catsimatidis to send his adult children
Howard Lorber, Donald Trump, and Howard Lorber s House in Southampton (Credit: Getty Images and Google Maps)
President Trump will head to his friend Howard Lorber s sprawling Southhampton residence on Friday for a re-election fundraiser, and more New York real estate moguls will follow him.
Lorber, whose Vector Group owns Manhattan-based brokerage Douglas Elliman and development firm New Valley, will host a luncheon for the Trump Victory fund, a joint fundraising committee of the Republican Party and the Trump campaign.
According to a person familiar with the fundraiser who spoke to The Real Deal on the condition of anonymity, joining Lorber and Trump for the occasion will be developer Steve Witkoff and commercial property investor Stanle上海千花网论坛 y Chera. Chera and his wife Freida have given 上海龙凤论坛 $514,000 to the fund to date, while Witkoff has donated $294,400, Federal Election Commiss上海千花网交友 ion records show.
Lorber has personally donated at least $235,000 to the committee since 2016.
Another top donor to the fund, Red Apple Group CEO John Castmatidis, told TRD he would be missing the event but would send his two adult children, Andrea Catsimatidis and John Catsimatidis, Jr. in his place. Catsimatidis, whose family has given at least $200,000 to the joint committee since the 2016 election, said he assumed that many other real estate donors would be present.[……]Read More
BlackRock bets on brokerages with upped investment in RE/MAX Firm’s shares in the company are valued at about $114M
BlackRock CEO Laurence Fink (Credit: Getty Images)
Global investment firm BlackRock upped its stake in RE/MAX by 5.2 percent in the third quarter, putting its total ownership stake in the brokerage at 15.2 percent.
BlackRock currently owns 2,559,945 RE/MAX stock shares valued at about $114 million, Inman reported, citing filings with the Securities and Exchange Commission. The filings indicate that they are still not involved in day-to-day operations.
RE/MAX went public with an IPO in 2013 and performed well last year. The firm more than doubled its revenue during 2018’s third quarter.
Institutional investors have been focusing more on real estate companies lately. Vanguard, for instance, took over about 11 percent of Redfin in January. [Inman] – 爱上海同城手机版 Eddie Small
Ex-Compass agent claims her former team conspired to cut her out of deals In lawsuit, Jill Schwartz says the agents and firm were “motivated by greed”
Jill Schwartz (Credit: iStock and Jill Schwartz Group)
Agent churn and broker poaching are commonplace in real estate. But one former Compass agent is suing the brokerage over more conspiratorial allegations. Jill Schwartz filed a lawsuit against Compass and three former team members, accusing them of breaking agreements and stealing her listings.
Schwartz, team leader of the Jill Schwartz Group in the Washington D.C. area, also alleged that Compass failed to support her by keeping the team members and by not helping her get the commissions she says she’s owed. The team members named in the suit are Ray Ferrara, Alexandra Thomas Schwartz and Danielle Spira, Inman reported.
“The Defendants acted in concert and as part of a coordinated plan, motivated by greed and self-interest, and in direct contravention of their duty of loyalty, and their duty to use their best efforts on behalf of Plaintiff,” the complaint said.
Schwartz alleges Compass owes her commissions on nine properties ranging in value between $835,000 to more than $5 million.
The lawsuit further accuses the team members of listing themselves as agents in jurisdictions where they weren’t licensed — and that the brokerage ignored any wrongdoing. The complaint is asking for a jury trial and alleges civic conspiracy, breach of contract, unjust enrichment, misappropriation of t[……]Read More