Los Angeles

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Screen Shot 2015-03-11 at 3.51.19 PMLos Angeles is one of our favorite markets, and one we recommend all our clients have in their portfolio. We are proud to say that our L.A. partner just sold a record breaking $70 million property in Beverly Hills — a turn-keyed spec project to a Danish investor. Prices are rising quickly in L.A., with many buyers and investors coming from the Middle East, China, and Europe.

Downtown L.A. is still in the beginning of its rebirth and opportunities there are plentiful, although perhaps difficult for outsiders to identify.


More on Los Angeles…

The Rich Are Gobbling Up LA High End Real Estate

The folks at Sotheby’s International Realty just released a three-month analysis of high-end homes. Pacific Palisades, it says, saw a 94 percent increase in single-family home sales from October 2014 to October 2015. Frank Symons, Sotheby’s western region executive vice president, says sales in the area have been so brisk that they have actually pushed down…

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Century City penthouse tops L.A. priciest weekly sales at $22.5 million

From the LA Times: At $22.5 million, a penthouse condominium that sold last week at the Century building at 1 Century Drive was one of the priciest deals historically for the Westside community. Socialite and philanthropist Candy Spelling set the current high-water mark for the area in 2010 when she paid $35 million for the…

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In Downtown Los Angeles, a Potential Anchor for Offices

From The New York Times: Wilshire Grand Center, an estimated $1.2 billion mixed-use project in downtown Los Angeles, promises many things upon its 2017 completion date. At 1,100 feet, it will be the tallest building west of the Mississippi, with technology features like those to protect against earthquakes. Most notably, the center will provide this…

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Beverly Hills Market Sees Largest Increase Among 33 California Luxury Markets

Sotheby’s International Realty today released its August 2015 Greater Los Angeles Market Update, which showed the Beverly Hills market ranking with the highest percent increase of luxury homes sold year over year during June-August 2015. Two submarkets in particular made the top five for the June-August 2015 report: Beverly Hills Post Office with an 85…

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Renowned architect Frank Gehry working on Los Angeles River restoration plan

Frank Gehry is said to be “quietly” working on a masterplan for the Los Angeles River in California. Prematurely announced by the Los Angeles Times, the City’s mayor Eric Garcetti has confirmed the news, saying Gehry is producing “a master plan, in the truest sense of the word,” pro bono. “To have the [Frederick Law] Olmsted of our time focusing on this,…

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U.S. Bank Tower owner plans to build a rooftop observatory for tourists

The owner of U.S. Bank Tower in downtown Los Angeles — the tallest skyscraper in the West — is building an outdoor observation deck, bar and restaurant on the top floors, part of a $50-million makeover of the 72-story building. The famous building, once packed with prestigious firms, fell on hard times in recent years…

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Foreign investors invigorate the luxury real estate market

The luxury housing market in some of the largest, most desirable U.S. real estate markets is surging. Prices in these areas are generally exceeding expectations, and while many other aspects of the economy have been uncertain, luxury housing remains steady. The reason? According to many real estate agents: Foreign investors. Research experts also cite a…

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This Bel Air ‘everything house’ is expected to become the most expensive mansion in the world

This Bel Air ‘everything house’ is expected to become the most expensive mansion in the world

    One of the biggest homes in U.S. history is rising on a Los Angeles hilltop, and the developer hopes to sell it for a record $500 million. Nile Niami, a film producer and speculative residential developer, is pouring concrete in L.A.’s Bel Air neighbourhood for a compound with a 74,000-square-foot (6,900-square-metre) main residence…

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Chinese developer unveils plans for luxury condo tower in downtown L.A.

Chinese developer unveils plans for luxury condo tower in downtown L.A.

    With downtown Los Angeles facing a condominium shortage, a Chinese developer has unveiled plans for a $100-million luxury high-rise residential tower near Staples Center. The building, proposed to the city Planning Commission on Thursday, would rise 37 stories at the southwest corner of Grand Avenue and 12th Street. The tower would have 126…

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Meet the Women Behind LA's Biggest Real Estate Listings

Meet the Women Behind LA’s Biggest Real Estate Listings

    In LA, women rule the real estate market.  This article profiles some of the city’s reigning high-end agents.  Plus, the property photos accompanying this article are totally fab.   Take a look here at LA Confidential.

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Chinese developer leads transformation of L.A.'s skyline

Chinese developer leads transformation of L.A.’s skyline

    If you read The Pinkwater Report you know that we like Los Angeles as a market to buy.  Learn how a feisty developer from China is leading the transformation of Downtown’s skyline. Read more at the L.A. Times.

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Beverly Park Circle and the Most Expensive U.S. Streets

    Combine always pricey Beverly Hills with the resurgence of Los Angeles as a top-tier super prime market and what do you get?  The second and third most expensive streets in the U.S. – Beverly Park Circle and Beverly Park Terrace.  (PS: Can you guess where the most expensive street is?  Hint: it’s not…

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Luxury Condo Sales: Los Angeles

    Our sources in LA tell us that luxury condo sales are through the roof, far outpacing single family homes.  Our favorites are The Four Seasons project and Ian Schrager’s new project in Hollywood.

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Jason Statham, Tobey Maguire headline L.A.'s top real estate sales

Jason Statham, Tobey Maguire headline L.A.’s top real estate sales

    LA real estate is often celebrity driven. The top sale of the week is a Beverly Hills property which sold to action actor Jason Stratham for the full asking price of $12.995 million.   Read the entire article here.

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Office Rents in Los Angeles Increase With Tight Supply

Office Rents in Los Angeles Increase With Tight Supply

    The LA rental market is tight: inventory was 16% for 2015 Q1 compared Petra Durnin, Cushman & Wakefield managing director of research for real estate brokerage, said that the office market is expected to “tighten up” some more and increase current office rents. “Looking forward, 2015 is going to be a very healthy…

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Top Real Estate Sales in Los Angeles

Top real estate sales in Los Angeles

    Top LA sale for the first week of April was $13,750 for a modern, 1990 9,726 sf home in Beverly Hills. The modern tennis court estate on nearly three quarters of an acre was offered for as much as $14.995 million last year. Built in 1990, the 9,726-square-foot home is distinguished by clean…

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