These L.A. and N.Y. Real Estate Agents Handle Some of the Top Transactions — Discreetly — for the Showbiz Community

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Real estate in New York City hit highs in 2024, while Los Angeles is dealing with the aftermath of devastating wildfires in January, which destroyed thousands of homes and crippled communities. “The cost of the damage has been estimated at $30 billion,” says Lea Porter of the Beverly Hills Estates. “This has driven values down substantially on the Westside as buyers and sellers are concerned about obtaining proper fire insurance at a reasonable price, if they can get it at all.” Economic uncertainty has also impacted the market, but luxury real estate buyers, says the Agency’s Mauricio Umansky, “want value and quality, and they’re taking their time. In times like these, trusted relationships matter more than ever. It’s not about chasing volume — it’s about smart deals, real service and guiding clients through uncertainty with confidence.”