Sheridan Wall

2 weeks ago | therealdeal.com | Sheridan Wall |Jake Indursky |Kathryn Brenzel

The ban on “forced” broker fees has been live for only a few hours, but listings on StreetEasy have already dropped by more than 1,000. The Fairness in Apartment Rental Expenses, or FARE, Act went into effect on Wednesday, after a federal court judge rejected the real estate industry’s bid to delay the law. Opponents of the measure have argued that it would lead to fewer public rental listings. The declining number of listings on StreetEasy may already be bearing that out.

3 weeks ago | therealdeal.com | Sheridan Wall |Matthew Elo

Sizing up the Hamptons rental market on an empirical basis has always been a challenge. Data are often incomplete, disjointed or biased toward the collector. As a reporter, the lack of conclusive numbers means relying largely on anecdotal takes from brokerages and agents locking down deals on the ground. But by all accounts, the rental market Out East has changed drastically post-pandemic. As The Real Deal reported in the latest issue of the magazine, the typical three-month stay is in the rearview.

3 weeks ago | therealdeal.com | Sheridan Wall

Actor Hugh Jackman and his soon-to-be ex-wife, Deborra-Lee Furness, are splitting their penthouse on the West Side. A deal for the apartment at 100 Eleventh Avenue landed in the city register on Thursday. Public records pegged the sale price of the penthouse at $23.6 million, though the deed for the property states the price as $11.7 million, roughly half of the total value. The trade was finalized last month, just two days after Furness filed for divorce in Suffolk County.

3 weeks ago | therealdeal.com | Sheridan Wall

When President Donald Trump announced sweeping tariff policies earlier this year, housing markets across the country braced for impact. Headlines in the weeks following the announcement speculated on the skyrocketing development costs and uncertainty clouding buyer decisions. But on Long Island’s East End, brokers say that the anxiety was short-lived. Instead, as the summer heads to the Hamptons this month, agents are gearing up for a booming season of business.

1 month ago | therealdeal.com | Sheridan Wall |Matthew Elo

New York City-based brokerages chalked last quarter’s earnings up to a win. Following two years of lackluster performance, Douglas Elliman, led by a new CEO, cut down significantly on its losses, grew its revenue and finished the period with a healthy cash store. Compass, fresh off the closing of a major acquisition, expanded its market share and logged a record free cash flow.