Joe Maloof, president of Maloof Companies, isn’t used to losing. In fact, the Maloof family has a history of success in practically every venture they have taken on—be it in sports, music, media, or gambling. However, when Joe Maloof sold his Brentwood home, he took a 16 percent hit.

Luxury New York real estate used to be on fire—then the flame seemed to have burned out. However, the embers might hold on long enough to spark a new blaze later this year, as sales tend to pick up in the fall.

Developers of Miami Worldcenter just got quite a discount. Falcone Group and Marc Roberts Companies purchased a seven-acre Park West lot for $39 million—less than half the original asking price of $88.7 million.

On February 15, 2010, Downtown Los Angeles will have a reason to celebrate, or at least a new place to—a brand new JW Marriott and Ritz-Carlton are opening with the Convention Center at L.A. Live.

This month Miami earned the No. 1 spot that is sure to please the Miamians, and anyone hoping to become one: Miami is the best city for housing recovery.

Life changed dramatically for 69-year-old Pasquale Iannetti last Thursday, August 20, as this was this day that a federal grand jury indicted the San Francisco art dealer of charges relating to dealing fake prints of Joan Miró.

The CEO of Mirax Group, Sergei Polonsky, the Russian billionaire, was worth $1.2 billion in 2008, is now getting hit with hard times according to Forbes.

Divorces can be nasty things, and in the case of Carlos and CeCe Boozer, it is quite an expensive thing as well. The couple is breaking up, and as such, expected to lose quite a chunk of change on their Miami waterfront property. The NBA forward for the Utah Jazz bought the South Florida mansion […]

The New York real estate market saw a bit of action recently when the ubiquitous Hamptonite, Billy Joel, put two of his Sagaponack oceanfront properties up for sale. The piano man originally bought the Hamptons properties for his bride, Katie Lee Joel, in 2007, but considering the upcoming dissolution of their nuptials, he has decided […]