Posted Feb. 27, 2014, 8:05 am
A 20-unit multifamily property located at 1027-1033 20th Street in Santa Monica has sold for $6 million.
Posted Jan. 23, 2014, 8:28 am
As we began 2014, the number of homes available for sale in Santa Monica was as low as it has been in many years. There are only 33 homes on the market, which is a lower level of supply than as at the beginning of 2013.
Posted Jan. 15, 2014, 8:05 am
The five-story building on the Third Street Promenade that leases to Subway and McDonald's has been acquired for $20.5 million, after Lincoln Property Company partnered with Centennial Real Estate for the deal.
Posted Dec. 19, 2013, 8:22 am
Is it a correct observation or a misconception that it is a disadvantage to list your home for sale during the holiday period?
Posted Nov. 20, 2013, 9:20 am
Commercial real estate services firm Avison Young has completed a 45-month office lease with Science, Inc., a technology incubator and investor.
Posted Nov. 10, 2013, 9:51 am
Charles Dunn Company has completed the sale of a fully occupied, 22-unit multifamily property located at 316 San Vicente Boulevard in Santa Monica. The property was sold at a cap rate of 3.1 percent, which is the lowest cap rate for a multifamily property sold in 2013 in Santa Monica, according to Costar records.
Posted Oct. 27, 2013, 9:17 am
Brokerage firm Lee & Associates has closed a $7.9 million office sale in Santa Monica. The current home of Riot Creative Imaging, the 18,000-square-foot building is located at 1740 Stanford St., near the former industrial area of eastern Santa Monica.
Posted Oct. 12, 2013, 9:33 am
Cross Campus, a Santa Monica-based business that provides co-working space for entrepreneurs, creative, and mobile professionals, has signed a seven-year-office lease at 1558 10th Street in Santa Monica.
Posted Sep. 22, 2013, 9:21 am
Commercial real estate services firm Avison Young this week completed an eight-year retail lease transaction in Santa Monica with global candy and gift retailer It’Sugar. The retailer is leasing the property at a rate of $312 per square foot – a record-high in the Third Street Promenade.
Posted Jul. 1, 2013, 9:18 am
Desperately searching to find the perfect place to live is a plight all too common for most people. After experiencing this predicament himself, Jonathan Eppers decided to do something about it.
Posted Jun. 22, 2013, 9:19 am
The Multiple Listing Service (MLS) concept dates back to the late 1800s. It evolved as a way for agents in different companies to be able to cooperate with each other in getting greater exposure for their listings. The benefits of using an MLS have continued to grow, especially since they went online in the late 1990s.
Posted Feb. 8, 2013, 10:48 am
The Lionstone Group has sold its 38,000 square-foot mixed-use building at 631 Wilshire in Santa Monica for $20 million.
Posted Jan. 31, 2013, 8:45 am
The developer of two adjacent apartment buildings at 1420 and 1430 Fifth Street in downtown Santa Monica announced earlier this week its project is at 30 percent leased.
Posted Jan. 21, 2013, 12:35 pm
Just days after late artist Miriam Wosk's art went on display at the Santa Monica Museum of Art as part of the Museum's winter exhibitions, her 1920s Spanish style home at 436 Adelaide Drive in Santa Monica has been listed for $12.5 million. Wosk passed away in 2010.
Posted Dec. 20, 2012, 12:09 am
The local real estate market has been steadily improving since the beginning of 2012. However, it has also been experiencing increasing difficulties with appraisal and financing of the home purchases. Some of these issues are directly related to stringent lender guidelines, and many escrows are challenged by problems because of the appraisal process. The appraisal process is often slower than it used to be, which has delayed escrows beyond the closing date.
Posted Nov. 30, 2012, 1:28 am
On the heels of reports that it was listed for sale for $22 million, the estate otherwise known as the “House of Rock” was the subject of yet another debate at the Tuesday Santa Monica City Council meeting. The estate’s owners sought the council’s approval for a reduced tax assessment per the Mills Act.
Posted Nov. 27, 2012, 9:07 am
The Santa Monica estate known as the “House of Rock” has been listed for $22 million, according to the Wall Street Journal. The multimillion-dollar estate at 2009 La Mesa Drive made headlines in October after musical events had been causing grief for neighbors.
Posted Oct. 24, 2012, 2:14 am
As the rainy season is about to begin, it’s a good time to think about home maintenance issues. Since many of the most difficult and costly problems to resolve are water-related, the following actions may result in considerable savings.
Posted Sep. 25, 2012, 2:25 am
Seeing an opportunity to bring in a large sum of money to fund future affordable housing projects, the Santa Monica City Council earlier this month approved the sale of a vacant piece of beachfront property for $13.15 million.
Posted Sep. 8, 2012, 11:00 pm
For several months, the Westside real estate market has experienced a steady recovery with both average list and sales prices increasing by more than 4 percent. The inventory level of homes available has dropped significantly over the past year, resulting in increasing frustration for buyers who are well qualified but unable to find a suitable home. As a result, there has been a steady building up of pent up demand over the last several months.
Posted Jul. 18, 2012, 2:07 am
As we begin the second half of 2012, there are 68 single-family Santa Monica residences listed in the Multiple Listing Service (M.L.S.). There were 123 Santa Monica homes sold in the first half of 2012 (which is 10 percent higher than this time last year), and there are currently 46 homes in escrow in Santa Monica.
Posted May. 1, 2012, 12:27 am
Several weeks ago we observed there were some indications that the Santa Monica housing market had begun to turn in favor of sellers. With the bene...
Posted Apr. 5, 2012, 1:54 am
As of the end of February 2012, there were 66 single-family Santa Monica residences listed in the Multiple Listing Service (M.L.S.), which is 42 pe...
Posted Mar. 18, 2012, 1:43 am
In the past several years, I have written about “deal breakers” that have often come up during the sale and/or purchase process. During the pas...
Posted Mar. 9, 2012, 1:41 am
By John Hathorn Traditional trends and cycles have reemerged within the Westside real estate marketplace. For years w...