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Her mother is a brokerage manager at Houlihan Lawrence, a residential real estate firm based in Bronxville, N.Y.
Her mother is a vice president and the residential brokerage manager for the Upper East Side office of Sotheby's International Realty.
But even investment professionals are exhibiting considerable caution, according to Cynthia Landis, a vice president and brokerage manager in Larchmont for Sotheby's International.
"The Rennert house may be the extreme, but it is not unusual to see a house of 10,000 to 12,000 square feet," said Frank Newbold, senior vice president and brokerage manager for Sotheby's International Realty in East Hampton.
"So with one transaction, you've taken one potential tenant out of the pool and added one new house," said Frank Newbold, senior vice president and brokerage manager for Sotheby's International Realty in East Hampton.
"We just sold a cottage in Noyac in the Town of Southampton for close to its asking price of $159,500," said Aspasia G. Comnas, vice president and brokerage manager in Sotheby's Bridgehampton office.
Similar(52)
"They really don't believe they are discriminating," Ms. Sumner said of the brokerage managers she has encountered.
Industry arbitration panels are generally dominated by older white men and have been criticized as being too sympathetic to brokerage managers, particularly in matters relating to sex and race discrimination.
"Location and timing are important in property, and the Xus seem to have a knack for being at the right place at the right time," says Michael Hart, head of research at U.S. property brokerage and manager Jones Lang LaSalle in Shanghai.
In response, brokerage firm managers and securities regulators have been rewriting the rules of the road on Wall Street.
But this prosperity in the real estate industry also is benefiting another group: international real estate brokerages and managers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com