Bypassing the market: A look at luxe homes that recently traded without ever being listed

The year was 2016. The billionaire was Len Blavatnik. And the house was the Wildenstein mansion, a 20,000-square-foot property at 19 East 64th Street. After a handshake deal, Blavatnik thought the house was his — until heirs to the art gallery fortune accepted an offer for $79.5 million from HNA Group. Blavatnik sued and lost.[…]

Westchester & Fairfield Cheat Sheet: MGM bets big on Empire City Casino, Yonkers Raceway … & more

MGM Resorts drops $850 million on Empire City Casino, Yonkers Raceway Las Vegas-based MGM Resorts purchased Empire City Casino and Yonkers Raceway from its longtime owners for $850 million. The Rooney family announced in November that they were planning to either sell or partner up with another company after 46 years of ownership, LoHud reported.[…]

These are the top commercial sale brokerages across the country

Sales of retail properties may be down compared to last year, but executives at the country’s top brokerages remained characteristically upbeat, confident that opportunities are out there for the right types of properties — and for brokers with the right kinds of talent. “Knowledge about tenants, centers, trade area and industry makes a difference,” said[…]

Anbang chairman fights fraud conviction

Wu Xiaohui is not going down without a fight. The former chairman of insurance giant Anbang Group, which had a spectacular rise and equally dramatic fall as New York real estate’s flashiest buyer, is reportedly appealing his conviction on charges that he was behind a $12 billion fraud and embezzlement scheme. Earlier this month, Wu[…]