The 1% are just fine! And spending….mucho! Rolls-Royce sold a record number of cars in 2022. Demand for its $500,000 vehicles remained strong, despite recession fears. Rolls-Royce delivered 6,021 cars last year, up 8% over 2021 and the first time the company crossed the 6,000 mark.
Continue Reading SPENDING DIRT: Big Spending By the 1%
Happy Holidays to you and yours! Here’s to a happy, healthy, and prosperous 2023! Continue Reading Santa Monica Dirt: Holiday Wrap-Up
The “mansion tax” was passed both in Santa Monica and Los Angeles yet most agree it is a wealth tax. The National Association of Realtors (NAR) has recently predicted that there will be a decline in home sales over the next few years. A proposed mixed-use development project at 2668 2nd Street has been met with significant opposition from residents who are concerned about the impact on traffic and parking in the area. Continue Reading Transfer Tax Dirt: How Will This Impact the Santa Monica Housing Market?
The state of California has closed a loophole that allowed developers to build without approval from the city. Continue Reading A Development Boom in the Cards for Santa Monica?
A few random musings from the lingering summer days…a trip to Italy, Oktoberfest in Munich, and a little bit about real estate here in Santa Monica. Continue Reading Miscellaneous End of Summer Musings
If you haven’t heard, 1221 Ocean Avenue (a 120-unit apartment building located just South of Wilshire Boulevard in Santa Monica) has been sold to the Douglas Emmet real estate trust for a whopping $330 million according to The Real Deal.com. Not only is this an impressive purchase, it also means the previous owner of the property, The Irvine Company, no longer has any residential… Continue Reading The Dirt on 1221 Ocean Avenue