The Dirt on the 24HR Escrow Quite a few people have asked me if it was true that we opened escrow on a Friday afternoon and closed it Monday. Well, it is true but not as far-fetched as some might imagine. The $9,250,000 sale was anticipated a few weeks earlier so my team and I had been working together with Lawyers Title and Chartwell… Continue Reading The Need For Speed
Is Santa Monica Ready for a Driverless Revolution? The future is here, and you probably have seen it driving around Santa Monica lately. Waymo, formally known as the Google self-driving car, is taking a bold step in our neighborhood as they prepare to roll out their self-driving robotaxi service in the city’s central districts. This will be the next Uber but without the awkward… Continue Reading THE DIRT ON WAYMO
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%
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?
Find out how the rise of inflation and subsequent increase in mortgage rates affects spec homebuilders in Santa Monica. Continue Reading Inflation and Spec Homes:
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
When I first met Mario Sabatini we were both waiters in Brentwood. I was a young college student studying at UCLA and he was in his late 20’s and new to LA. A lot of water, and pasta, under the bridge since then, and Mario has unquestionably established himself as one of the pre-eminent restauranteurs on the west side. His first restaurant, Pecorino, was… Continue Reading The Dish With Danielle: Forma
By Esther Hickman Did you know that Santa Monica multi-units have the lowest average cap rates in all of Los Angeles County? There are a lot of factors playing into this, but one thing is for sure, multi-unit transactions have remained strong and steady. How is that possible? Here’s one fun example: Our listing, 717 9th Street, North of Montana Avenue: Four Mid-Century Modern… Continue Reading Santa Monica Investment Property Musings
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