Monday, June 21, 2010

A Little Ranch In Brentwood...

The famed Brentwood ranch of actor Robert Taylor is on the market for a whopping $56,000,000. Although it boats 7 buildings, 70 rooms and over 20,000 sqft of living space, its real value lies in its expansive lot. It is situated in Brentwood on over 112 acres. It is no wonder Robert Taylor chose this property to build his ranch, its seclusion is only matched by its beauty. If sold, this property could potentially break records as the most expensive property sold in 2010!

Tuesday, June 15, 2010

The Best Real Estate For Los Angeles Tourists

Forbes.com recently highlighted the "Best" hotels in Los Angeles. It should come as no surprise, that most are located in Beverly Hills and the others are very close by. While pop culture tends to focus on Beverly Hills mansions, these hotels should not be overlooked. The wide array offers something to satisfy every traveler, from the
traditional luxury of the Montage (shown left) to the modern contemporary appeal of the SLS Hotel (shown below). There is more to these hotels than high thread counts and designer finishes.

Make sure you try the restaurants! Parq offers 5-star service, delicious dirty martinis and a classic menu with a surprisingly modern flare. In a sharp contrast, Bazaar at SLS offers a one-of-a-kind experience where you will be served wild tapas, like the foie gras wrapped in cotton candy!

Regardless of your choice, Los Angeles will not disappoint, that is if you can afford to indulge in some of

marvelous hotel 'real estate' listed in the article below...



Thursday, June 10, 2010

Bel-Air Sale Breaks Records!

Recession? What recession, at least that's what I would say if I were a member of the elite 1% of the world's population. A 48,000 square foot palace named Le Belvedere was just purchased in Bel-Air. It was originally listed at $85 million 15 months ago, but the developer admitted that it sold between $50-$70 million... well above the $46.5 million sale of a compound in Colorado that held the prior record for the year. I will spare you the gory details of this homes luxury except for one quote from the LA Times article, "The average room size is about 1,100 square feet, bigger than entire homes in less fancy neighborhoods."

However, there is a positive undertone to this sale. While the rich may by or sell real estate freely, as they are less affected by the subsequent loss in equity than the average Joe, a sale of this size indicates confidence. Confidence that the market in Beverly Hills it at worst hit its bottom. This is not representative of every real estate market, but true recover will start from the top and work its way down. If you would like to read further into the outrageous details of this over-the-top home check out the link below.

>> Click here for more information <<

Is It Time To Buy Yet?

Despite what many real estate agents are saying we have not hit the bottom yet. Some analysts expect prices to decline as much as 15% more before plateauing.

>> Click here for more information <<

The Most Expensive Homes In Beverly Hills!

REP, an up and coming new media company, has been producing some HOT videos! Check out this spectacular footage of some of the most expensive homes in the world... all located here in sunny California!


Monday, April 26, 2010

LA River Project To Break Ground In July

After 10 years of planning the L.A. River project is set to break ground this July in Glendale. It will be the first phase of an extensive network of parks and paths that will run alongside the L.A. River. I can't wait for it to be completed so I can check it out!

>> Click here for more information <<

Thursday, April 22, 2010

Stunning Architectural Below The Hollywood Sign!


Stunning architectural just below the Hollywood sign is be offered for sale, but has not been officially put on the market. More info to come soon!

New York's Median Home Price Increases By 35%

New York’s median prices are up 35%! This is a result of the current trend towards the purchases of larger more expensive homes. Real estate transaction had slowed in all sectors as both the wealthy and average Americans were cautious to invest. So is this a signal of improvement? Potentially. However, we will have to pay attention to see if this trend catches on in other major markets.

>> Click here for more information <<

Monday, April 19, 2010

Newly Constructed Artchitectural In Santa Monica


Newly constructed architectural in Santa Monica for under $2 million! Granted it is on a smaller lot, it uses the space efficiently and is a short walk from the beach. I love the design aesthetic, combining concrete, class, and wood finishes.

Sunday, April 18, 2010

Tubleweed Blowing Through Los Angeles?

Los Angeles is riddled with lots... Once prime commercial areas are no longer attractive to developers. Since 2007 commercial real estate in Los Angeles has plummeted to in value up to 60%. Abandon projects have led to parking lots where 76-story condominium towers were once planned. The current state of the commercial market is definitely reason for concern, as it reflects the poor condition of our economy.

>> Click here for information <<

Wednesday, April 14, 2010

Is That Whale Your Having?

Black market whale meat was being served at a restaurant in Los Angeles, CA. As soon as this was brought to the attention of authorities the restaurant was promptly shut down. Unfortunately it gets even more disturbing, as forensic evidence traced the meat to whales slaughtered during a "scientific" charade conducted by the Japanese. While I could argue that selling illegal meats is detrimental to commercial real estate, I prefer to share this article in hopes that it will spur action. Consuming animals that are on the brink of extinction is not only unethical, it is just wrong.


>> Click here for more information <<

Save The Peak.

The effort to preserve the land around the Hollywood sign from being developed received a 16-day extension to come up with the remaining $1 million needed to purchase the land. So far the city has raised $11.5 million. Check out the link below to learn more.

>> Click here for more information <<

Monday, April 12, 2010

Coldwell Banker Is Raising The Bar On YouTube

Coldwell Banker Youtube channel is taking real estate searching online to the next level. Check it out, its interactive map lets you see a property's location and then immediately see a virtual tour of the property... Good stuff.

>> Click here to check it out <<

Sunday, April 4, 2010

Water, Wood, Glass & Steel


Another gorgeous architectural has been unveiled in Beverly Hills. Remodeled from the ground up 1125 Carolyn Way offers modern finishes and beautiful mature landscaping. We are still waiting for a property Web site to be unveiled, but in the meantime check out this teaser photo.. List price $5.5 million.

Thursday, April 1, 2010

The Rundown - Real Estate Tax Credits

Please reference the table below. It was created by Marty Mead of Keller Williams, and is an excellent summation of current real estate tax incentives and their relevant deadlines.

Thursday, March 25, 2010

Save The Hollywood Sign

The city of Los Angeles, non-profit groups and KPCC have teamed up in a last effort to save the area surrounding the Hollywood sign from development. They are hoping to purchase the surrounding property for $12.5 million, but in order to do so they must raise an additional $3 million by April 14. If the money is not raised, the property will be sold to real estate developers for $22 million, and a series of ridge top mansions will be built on the land.


>> Click here for more information <<

Wednesday, March 24, 2010

B of A To The Rescue?

Today Bank of America will be announcing a new program that will assist homeowners who owe more than 120% of their homes value. It will be 5-year process involving principal reductions to bring mortgages down to 100% of home value. However, unlike most plans that have "helped" homeowners, this one requires on-time payments...


>> Click here for more information <<

Monday, March 22, 2010

Stunning Newly Constructed Architectural

Stunning architectural hits the market tomorrow. Stainless steel, concrete and glass combine to, as listing agent Aaron Kirman states, "raise the bar for architectural homes in Los Angeles." I think I agree... do you?

Friday, March 19, 2010

Zoom Zoom

High-speed trains are finally coming! President Obama has 'stimulated' this process by offering $8 billion for 13 high-speed corridors across the US, which includes a route between San Francisco and the Los Angeles!! This initiative has international companies flocking to the US to take part in this revolution. Perhaps it will also end up drawing foreign investments... This will not just make travel more convenient, it will improve the value of our communities and subsequently the value of our properties!

>> Click here for more information <<

Up, Up & Away

Good news. From February 2009 to February 2010 the average California home price increased by 11%! Analysts attribute this to a decrease in California foreclosures and an increase in high-end sales. This is not just of interest to consumers, but to banks as well. Banks have stronger assets, as the loans they wrote last year are worth less than the assets that secured them. In other words, banks have had such a rough patch because mortgages are secured by real estate. If that real estate loses value, then the mortgage has not guaranteed way of being repaid. On the flip side, when a bank forecloses on a home that has a higher value than the outstanding debt, it can still recover the balance of the mortgage or even a profit.

>> Click here for more information <<