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.
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.
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.
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.
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
Posted May. 30, 2014, 3:51 pm
The Pooch Hotel building has sold for $11.1 million, it was announced.
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.
Posted May. 1, 2014, 8:20 am
There are many misconceptions about selling a house that most people would consider a teardown.
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.
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.
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.