Katherine Clarke

Miami real-estate developer Jorge Pérez purchased the roughly 10,000-square-foot property for $9.5 million.

Eric Schmidt, the former Google chief executive, has his eye on one of the most storied private estates in Los Angeles: 120-room Spelling Manor, which is on the market for $137.5 million.

A board committee opened an investigation into the brokerage’s workplace after allegations of sexual misconduct by two former star agents.

Desperate to sell, more rich homeowners are turning to the auction market—but the results aren’t always what they bargained for.

They’ve dealt with billionaires, signed NDAs and fielded bizarre requests. Four real-estate power brokers dish on how they got the deal done.

Following a move to Florida earlier this year, Fox News star Sean Hannity has purchased a waterfront estate in the upscale Palm Beach County town of Manalapan for $23.5 million, according to people familiar with the deal. Mortgage documents list the vice president of the LLC as Tom Del Bosco, an executive with ties to hedge fund Alden Global Capital. A spokeswoman for Fox declined to comment.

Wealthy homeowners in the Windy City are selling at a loss—and looking for someone to blame.

Chicago’s luxury real-estate market has seen a precipitous drop in recent years. The spike in crime—along with higher interest rates—has hurt the market downtown and caused tension between local politicians and rich residents.

Two of the country’s top real-estate agents and their brother were arrested in Miami following sexual-assault allegations.

A Palm Desert, Calif., estate once owned by Bing Crosby—and widely known as the site of a rumored tryst between President John F. Kennedy and Marilyn Monroe—is hitting the market for $13.5 million.