Austin’s Top Residential Agent Accused of Withholding Offers

Austin’s top residential agent is in a bit of hot water for mixing business and pleasure.

In the course of house-hunting for an Austin mansion in the $10 million range, Kuper Sotheby’s Kumara Wilcoxon, the highest-producing residential real estate agent in Austin, allegedly withheld offers from the seller of 3400 Foothill Terrace (whom she represented) after expressing interest in buying the house herself.

That’s what Amy Deane, the Moreland Properties agent who represented the jilted buyers, claims in a complaint with the Texas Real Estate Commission. Deane alleges Wilcoxon withheld two full-price offers from the seller, Mary Stanley.

The home in question, a Mediterranean villa listed for $9.5 million, eventually sold for $8.4 million, according to the complaint. The discount pushed the Stanleys to consider legal action against Kuper Sotheby’s.

TREC cited “insufficient evidence” in its decision not to pursue disciplinary action, but said the agency was “concerned about Ms. Kumara Wilcoxon’s conduct.” The Real Deal obtained the agency’s letter in a public information request.

Wilcoxon and Deane were likely already pitted against each other before this issue unfolded. Both sold 36 Austin homes in 2025, RealTrends shows. Wilcoxon ranks first in the city with a deal volume of $327.5 million, and Deane ranks fourth, with a deal volume of $173.5 million.

Deane may have lost the commission for the Foothill Terrace house, but she got a check when Wilcoxon finally pulled the trigger on a similar Austin manse. Deane represented the seller on the 6,600-square-foot Pemberton Heights house listed for $9 million.

Morgan Stanley joins Uptown’s Y’all Street party

Morgan Stanley is following in the footsteps of Bank of America and Goldman Sachs with plans for a built-to-suit office in Uptown. The bank is going halfsies on its new digs at 2401 McKinney Avenue with Trammell Crow. Morgan Stanley is earmarking $700 million for the project, and developer Trammell Crow is expected to contribute $650 million. Meanwhile, the city of Dallas has approved an $18.5 million incentive package for the move.

The bank plans to spend some time downtown before its new office opens in 2031. It signed a lease for 255,000 square feet at Fountain Place, giving a temporary boost to an area still reeling from news of the high-profile departures of AT&T, the Mavericks and the Stars.

Camp Mystic files for bankruptcy

The site of last summer’s July 4 flash flood tragedy in Texas’ Hill Country, where 25 children and two camp counselors were killed, filed for Chapter 11 bankruptcy. The filing comes amid ongoing investigation into the Kerr County-based girls camp’s lack of adequate emergency preparations.

In the face of ongoing wrongful death lawsuits, the camp applied to reopen in April but withdrew the application in response to protests from families whose children died in the tragedy. Bankruptcy filings indicate that the camp’s assets are valued between $100,000 and $500,000, with its liabilities pegged between $10 million and $50 million.

Serhant comes to Texas

The nationwide expansion of Ryan Serhant’s eponymous brokerage has finally reached Texas. The “Owning Manhattan” star’s firm is opening four offices across the Texas Triangle — in Houston, Dallas, Austin and San Antonio — two months after planting a flag in California. Serhant’s 13-person founding team includes agents poached from Compass, eXp and Monument Realty.

The team’s founding agents have sold nearly $1.5 billion in real estate in the last 12 months, the company said in a press release Tuesday. Susana Sarvis will be the operation’s managing director. Based in Houston, she was most recently in a leadership position at Real Brokerage.