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Michael Edlen has helped over 1,000 clients achieve their real estate goals since 1986.

News, Real Estate, Columnist

Holidays & Real Estate – To Sell Or Not To Sell?

Posted Oct. 29, 2014, 9:41 am

Is it a correct observation or a misconception that it is a disadvantage to list your home for sale during the holiday period? Conventional belief has generally been that November and December are the worst months of the year to have a home on the market.

News, Real Estate, Los Angeles, Santa Monica

Home Sales Rise Modestly, Prices To Flatten Out In 2015 In Los Angeles

Posted Oct. 7, 2014, 9:03 am

With more homes for sale on the market, California's housing market will see fewer investors and a return to traditional home buyers as home sales rise modestly and prices flatten out next year, the California Association of Realtors said today in its 2015 California Housing Market Forecast.

Michael Edlen has helped over 1,000 clients achieve their real estate goals since 1986.

News, Real Estate, Santa Monica

10 Tips For Sellers To Keep Your Escrow Together

Posted Sep. 4, 2014, 8:44 am

Many of the reasons for escrows being cancelled can be addressed in advance by careful consideration of details. These tips may help avoid the emotional challenges of having one’s escrow cancelled.

News, Real Estate, California, Santa Monica

California Housing Affordability Index Falls In Second Quarter

Posted Aug. 13, 2014, 9:13 am

The housing affordability index, which measures the percentage of all households that can afford to purchase a median-priced single-family home in California, fell in the second quarter, the California Association of Realtors reported today.

News, Real Estate, Santa Monica

James Cameron Sells 703-Acre Coastal Santa Monica Mountains Property

Posted Jul. 25, 2014, 8:56 am

The Mountains Recreation and Conservation Authority announced it closed escrow Thursday on a 703-acre property in the coastal Santa Monica Mountains purchased from Oscar-winning director James Cameron.

News, Real Estate, California, Santa Monica

Equity Home Sales Reach Highest Level In California Since Housing Crisis Began

Posted Jul. 23, 2014, 9:28 am

Equity home sales -- standard sales in which a seller has equity in the property being sold -- in June reached their highest level in California since the housing crisis began, the California Association of Realtors reported today.

Sports, Real Estate, Santa Monica, Nfl

NFL Running Back Rashard Mendenhall To Retire In Santa Monica

Posted Jul. 11, 2014, 8:50 am

Spend six years playing in the NFL, appear in one Super Bowl game, and you would have earned enough money to retire before age 27 and buy your dream retirement home in Santa Monica.

The property at 1811 19th Street in Santa Monica has sold for $2 million.

News, Real Estate, Santa Monica

Eight-Unit Residential Property In Santa Monica Sells For $2 Million

Posted Jul. 2, 2014, 9:22 am

A fully occupied eight-unit multifamily property located near Michigan Avenue at 1811 19th Street in Santa Monica has sold for $2 million, according to real estate firm Charles Dunn Company.

Real Estate, Santa Monica, Pets, New, Petco, Dogs

West L.A. Home Of Pooch Hotel Sells For $11.1 Million

Posted May. 30, 2014, 3:51 pm

The Pooch Hotel building has sold for $11.1 million, it was announced.

Check out 537 E. Channel Road in Santa Monica as part of a modern home tour this Saturday. Use code MIRROR for $5 off when purchased online.

Real Estate, Seven Days, Santa Monica

Venice/Santa Monica Modern Home Tour This Weekend

Posted May. 2, 2014, 6:26 am

This weekend, take a walk through Santa Monica or Venice and view some of the residences you pass along the way as a glass house. Better yet, instead of looking at a residence from the outside and wondering how it looks on the inside, how about you actually walk into the home and see for yourself how it is decorated.

Michael Edlen has helped over 1,000 clients achieve their real estate goals since 1986.

News, Real Estate, Santa Monica

Tips For Sellers Of Teardowns

Posted May. 1, 2014, 8:20 am

There are many misconceptions about selling a house that most people would consider a teardown.

News, Real Estate, Santa Monica

10 Things To Consider Before Buying A Home

Posted Apr. 2, 2014, 9:05 am

Many buyers are not succeeding in this difficult “seller’s market” because of inadequate preparation and readiness. Others do not succeed due to “analysis-paralysis,” or trying to analyze and rationalize too much.

Ocean Towers is a 317-unit luxury apartment building high-rise located at 201 Ocean Avenue in Santa Monica.

News, Real Estate, Santa Monica, Courts

Ocean Towers Lawsuit Permitted To Go Forward

Posted Mar. 31, 2014, 9:11 am

The owner of several units in the Ocean Towers residential complex near Palisades Park was given the green light to continue with his lawsuit against a real estate investment firm, a California appeals court ruled earlier this month.

News, Real Estate, Santa Monica

Santa Monica Apartment Complex On 20th Street Sold For $6 Million

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.

News, Real Estate, Santa Monica

Santa Monica Housing Market: Looking Back - And Forward

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.

Lincoln Property Company and Centennial Real Estate have partnered to acquire this five-story mixed-use building on Third Street Promenade in Santa Monica for $20.5 million.

News, Real Estate, Business, Santa Monica

Five-Story Building On Third Street Promenade Acquired For $20.5 Million

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.

There are a number of reasons and advantages to putting it on the market during the end of year/winter season.

News, Real Estate, Santa Monica

Selling & Buying A Home During The Holidays

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?

Avison Young has completed a 16,220-square-foot office lease with Science, Inc. in Santa Monica.

News, Real Estate, Business, Santa Monica

Technology Incubator Science, Inc. Signs 45-Month Lease In Santa Monica

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.

News, Real Estate, Santa Monica

22-Unit Multifamily Property In Santa Monica Sold At Cap Rate Of 3.1 Percent

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.

Lee and Associates Negotiates $7.9 Million Santa Monica Creative Office Sale.

News, Real Estate, Business, Santa Monica

Lee & Associates Negotiates $7.9 Million Santa Monica Creative Office Sale

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.

Cross Campus will occupy 13,337 square feet (sf) at 1558 10th Street in Santa Monica after signing a seven-year lease.

News, Real Estate, Santa Monica

Cross Campus To Relocate To 1558 10th Street In Santa Monica In Early 2014

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.

News, Real Estate, Third Street Promenade, Santa Monica

It’Sugar Signs $6.2 Million Lease On Third Street Promenade

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.

A new iPhone app and website called RadPad combines the best of Instagram and Craiglist functions to connect landlords and prospective renters across Santa Monica and Los Angeles.

News, Real Estate, Santa Monica, Technology

RadPad: A Mix Of Instagram, Craigslist For Home Hunting In Santa Monica

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.

Michael Edlen has helped over 1,000 clients achieve their real estate goals since 1986.

News, Real Estate, Santa Monica

Don’t Limit Your Chances Of Getting Top Dollar For Your Home

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.

Pacshore has acquired this Santa Monica office building at 631 Wilshire Boulevard for $20 million.

News, Real Estate, Business, Santa Monica, Wilshire Boulevard

Lionstone Group Sells Building At 631 Wilshire Boulevard For $20 Million

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.

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