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Real Estate News: Tots Invade Luxury Hotels

The Wall Street Journal 30.07.2012
Real Estate News: Tots Invade Luxury Hotels

House of the Day: This 5,500-square-foot home on a hill in Los Angeles was completely remodeled to reflect the owner’s flair for rustic, modern and Moroccan styles.

Property sale clears path for major apartment project downtown

A long-vacant site in the heart of downtown Los Angeles has been sold to investors who are expected to start work within two months on one of the largest new apartment buildings to be built in the region since the economic downturn.

Developer buys prominent Hollywood parking lot for new project

Roger Vincent Los Angeles Times 20.03.2012
Zsa Zsa Gabor's Bel-Air estate back on the market

Price is $14.9 million — up from the $12.9 million it was priced at in March. The screen and Broadway actress, who bought the house in 1973 for $280,000, has entertained Queen Elizabeth and U.S. presidents at her residence.

Developer buys prominent Hollywood parking lot for new project

The parking lot behind Hollywood landmark restaurant Musso & Frank Grill was purchased by a Los Angeles developer who intends to build a mixed-use complex on the site.

Wealthy home buyers demand bathrooms — lots of bathrooms

Lauren Beale Los Angeles Times 05.03.2012
Wealthy home buyers demand bathrooms — lots of bathrooms

Here's another way the rich are different: They have more bathrooms. Real estate brokers who cater to the moneyed say their clients typically want homes that have at least two bathrooms for every bedroom. And with spacious tubs, floor lamps, dressing areas and seating, some bathrooms rival bedrooms in size.

Construction to begin on Santa Monica housing-retail development

The $350-million Village at Santa Monica complex is another sign that the commercial real estate market is rebounding in choice areas.

Two L.A. Law firms Make Big Personnel Moves

Natalie Dolce GlobeSt 16.02.2012
Two L.A. Law firms Make Big Personnel Moves

LOS ANGELES-Things are moving in the L.A. commercial real estate law world. Just this week, law firm Sheppard, Mullin, Richter & Hampton LLP elevated 12 of its attorneys to partner; while law firm Seyfarth Shaw LLP added a six-attorney group to its real estate practice.

Monarch Estates and Homes Launches All-Inclusive Luxury Real Estate Firm

The newest way for multi-estate owners to manage their luxury real estate portfolio is Monarch Estates and Homes. Providing one-of-a-kind, customized real estate, lifestyle concierge and estate management services since 1998. Making a difference with every real estate experience.

Luxury extended-stay hotel coming to Beverly Hills

Roger Vincent Los Angeles Times 23.01.2012

Luxury home prices are still heading down

Lauren Beale Los Angeles Times 17.12.2010
Luxury extended-stay hotel coming to Beverly Hills

Korman Communities plans to turn the Crescent Beverly Hills apartments into AKA Beverly Hills. Rent for the AKA's 88 suites will start at about $400 a night.

Luxury home prices are still heading down

While Southland housing values overall have rebounded from recent lows, those in the upper end of the market may not yet have hit bottom. Some experts don't see a turnaround for at least another year.


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