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The Dirt on 1221 Ocean Avenue

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

The Dirt on Who Is Buying: The New Neighbors of the We...

With Westside real estate prices at all-time highs, people have once again been asking me “who are the people buying all these expensive properties?” I answered that question back in May of 2019 and here is my update for 2022. Buyers of some of our recent transactions include: A financial services executive who closed last week on an Ocean Avenue, North of Montana, penthouse condo that… Continue Reading The Dirt on Who Is Buying: The New Neighbors of the Westside

The Dirt on Valentine’s Day: 7 Local Santa Monica Swee...

This year’s Super Bowl is on the eve of Valentine’s Day and I have no doubt this is a prime set-up for disappointment in households everywhere. You can solve that problem right now. Continue Reading The Dirt on Valentine’s Day: 7 Local Santa Monica Sweet Spots for your Sweetheart

The Dirt on the Santa Monica Seller’s Market

Despite the cold weather lately, the housing market here in Santa Monica is still hot hot hot, especially for sellers. Want proof? Let’s take a look at the current Market Action Index (MAI). The MAI gives us a number for the balance between supply and demand using the current rate of sale versus the current inventory. Santa Monica’s current MAI is hovering around 48.… Continue Reading The Dirt on the Santa Monica Seller’s Market

The Dirt on SB 9 Part 2: The Fight Over Zoning Continu...

I’ve heard from most of my friends and clients that they oppose SB 9 and 10 and worry about the consequences of the bills. If you are like most people living in an R1 zoned area you might be happy to learn that some cities in California are pushing back. As you probably recall, senate bills 9 and 10 allow for the building of duplexes and fourplexes… Continue Reading The Dirt on SB 9 Part 2: The Fight Over Zoning Continues

The Dirt on the Promenade Part 2:
Patrolling Downto...

There is a turf war waging in Santa Monica’s downtown Promenade and it’s not between rival gang members (this time anyway!). Rather, it is between the Promenade’s business owners and the Mayor of Santa Monica. John Alle is a property owner suing the City of Santa Monica over the maintenance of the Promenade, or lack thereof. For months, he has complained to city officials… Continue Reading The Dirt on the Promenade Part 2:
Patrolling Downtown Santa Monica

The Dirt on Capital Gains

President Biden is set to work on the next phase of his economic agenda — a sprawling collection of programs that would invest in infrastructure, education, carbon-reduction and working parents. These infrastructure proposals are likely to require trillions of dollars in new tax revenue aimed at large corporations and high-income individuals. While Economists on both sides of the aisle are pleading their cases for,… Continue Reading The Dirt on Capital Gains

Santa MonicaSnapshot Loraine Silver Blog

India – A Lifechanging Journey

Namaste. Welcome to India! It was an epic adventure and I want to share it with you. Our first stop – the Oberoi Villas in Jaipur. A very lavish hotel boasting 30 beautiful acres. Originally the residence of the Maharaja, now converted into the spa & pool area of the hotel. 300 year old Shiva temple located on the grounds. Beautiful architecture and surroundings.… Continue Reading India – A Lifechanging Journey

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