Tamir Shemesh out at Corcoran

Tamir Shemesh, one of the Corcoran Group’s top-producing brokers, is no longer with the firm following a dispute with senior management, multiple sources told The Real Deal. The circumstances surrounding his departure from the brokerage were not clear. While some said he’d been asked to leave the company, he intimated that he felt the decision was[…]

Hamptons Cheat Sheet: TV personality lists Montauk digs for $62M, Southampton seeks parkside retailers … & more

Talk show host Dick Cavett lists longtime Montauk home for $62M And as one of the priciest listings to hit the market this year, this oceanfront spread is certainly worth talking about. The Stanford White-designed property at 165 Deforest Road sits on a whopping 20 acres, including 900 feet of beach frontage. Dubbed Tick Hall,[…]

Shlomi Reuveni barred from working in Manhattan new development after judge upholds noncompete

Shlomi Reuveni will be barred from working in the Manhattan new development space for a two-year period, after a judge upheld his noncompete agreement with Town Residential. Town hit Reuveni with a $25 million lawsuit last month, alleging that Reuveni, formerly the brokerage’s head of new development, breached the terms of his noncompete agreement by[…]

Are rental landlords shooting themselves in the foot with big concessions?

When Two Trees Management chief Jed Walentas began leasing up 300 Ashland amid a slumping rental market, he eschewed the now-common reel-’em-in-with-huge-concessions gambit. Instead of handing prospective renters three months of free rent like other landlords, Walentas opted to sit tight and wait for renters willing to pay close to the full market-rate rents. It[…]