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...
Posted Mar. 4, 2012, 12:22 am
Generally speaking, there are three critical areas of concern in the acquisition or sale of a property. They are shelter, safety, and financial sec...
Posted Feb. 26, 2012, 12:03 am
As of the end of mid-February 2012, there were 135 Santa Monica condos/townhomes listed in the Multiple Listing Service (M.L.S.). Thirty-two have ...
Posted Feb. 5, 2012, 1:00 am
As of the end of January 2012, there were 60 single-family Santa Monica residences listed in the Multiple Listing Service (M.L.S.), which is 42 per...
Posted Feb. 1, 2012, 3:37 am
Larry Twomey, a principal with Lee & Associates-LA North/Ventura, Inc., transacted a 7,000-square-foot office building lease for the West Coast...
Posted Jan. 22, 2012, 1:05 am
As we began 2012, there were only 56 single-family Santa Monica residences listed in the Multiple Listing Service (M.L.S.), which is 48 percent low...
Posted Dec. 25, 2011, 1:09 am
Often sellers and potential buyers ask about the various expenses in the process of the sale or purchase of a home. The following is a summary of t...
Posted Dec. 21, 2011, 12:34 am
Smokers are finding fewer places to smoke within Santa Monica. Last Tuesday, the city council further limited the number of locations where one may...
Posted Dec. 18, 2011, 12:50 am
Prospective buyers often ask about what actions they should take to assure a successful purchase process with the least amount of stress or pressur...
Posted Dec. 11, 2011, 12:55 am
It’s become far more challenging to answer the frequent question: “How is the real estate market doing now?” More than ever before, i...
Posted Nov. 23, 2011, 2:14 am
We have often been asked what actions can be taken to maximize the benefit of the home marketing process. In considering these requests from a broa...