Keen insight into the latest market trends. Profiles of our industry-leading agents. Features on record-breaking sales. And looks behind the scenes of Buying Beverly Hills. Going by the headlines, 2023 is going to be very bright for The Agency.
Following the debut of The Agency’s 2022 Red Paper, CEO Mauricio Umansky offered his take on the real estate market’s rebalancing in a Mansion Global article, noting that, despite the pessimistic outlook being touted by economists, real estate “remains a primary investment for the world’s most affluent citizens and a safe hedge against inflation.” Inman also published a full feature recapping some key highlights from the annual report here.
Capture Magazine sat down with The Agency’s President Rainy Hake Austin to discuss her successful career in the real estate industry, trends in the national and local markets, and the advice she’d offer to anyone who wants to emulate her successful career trajectory. Find the full feature on page 26.
Commercial Observer reported on the news of The Agency’s first-ever New York City office, which will open later this March. The Greenwich Village location will host The Agency New York’s agents and staff and set the business up for future growth serving as the brokerage’s East Coast HQ.
Staying true to its name, The Hollywood Reporter detailed Andrew Mortaza and Bryan Castaneda’s most recent listing: a spectacular celebrity-owned compound tucked in the hills of Encino. Offered at just under $13M, the modern farmhouse estate boasts eight bedrooms, luxe finishes around every corner and dreamy. See the listing here.
Realtor.com got a look behind the epic estates and office drama on Netflix’s Buying Beverly Hills, talking to the cast members/superstar agents of the series — including Mauricio Umansky, Santiago Arana, Farrah Brittany, Alexia Umansky — about what it’s like to blend their real estate careers with reality TV. “The most difficult part of being on the show is convincing the sellers to let us show their homes on TV,” remarked Ben Belack.
Jill Fusari commented in a Mansion Global story on a cooldown in the Bay Area. Despite the fact that the luxury market in the surrounding suburbs remains “alive and well,” Jill noted that buyers have much more leverage, especially with an all-cash offer. “You can get a better price on every property now…It could be 20% or even 40% less than in 2021.”
Robb Report ran a feature on Yvienne Peterson and Blair Chang’s breathtaking Honolulu listing. Overlooking the island’s white sand beaches and turquoise waters, the five-bedroom residence forgoes the usual Hawaiiana and Bali design style in favor of modern finishes and details that nod to the owner’s passion for couture, including walls upholstered in Chanel and Louis Vuitton fabric. View the listing here.
Ashley Crain represented the buyer in the auction at Michigan’s Lake Charlevoix Mansion, as reported in Crain’s Detroit Business. This marked the largest transaction in the state for 2022, and the fifth largest in Michigan’s history.
In The Wall Street Journal, Peter Torkan, Founder and Managing Partner of The Agency Toronto, shared a story of a buyer’s demands that very nearly derailed a multimillion-dollar sale, including one contingency that would be legally enforceable. An expert in negotiation, he stood firm and closed with reasonable terms.