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Why You Need a Commercial Real Estate Agent to Buy a Property?

Posted by on Mar 10, 2019 in News/Blog | 0 comments

So, you are looking for a real estate agent who can help you buy a property in the area or region you want. That is the right thing to do. When you are in need of a home or property, then the best way to go about things would be to hire a studio city commercial real estate agent.

If you are new to real estate, then you will need to beware of tons of things. Real estate is not a joke. There are plenty of scams of going around, which only a seasoned agent can easily make out, in matter of seconds using his/her network.

Commercial

Not to mention, real estate involves plenty of paperwork and formalities to be completed. As a new homebuyer, you are not accustomed to these. A good real estate agent knows the importance of these and advises you likewise.

Just as when you require help with the law, you hire a lawyer, when you need help with your tax, you consult an accountant. Similarly, when you need help with buying or selling a property, you will want to contact a good real estate agent.

Below we will look at how a studio city commercial real estate agent can be useful to you in such cases.

Reasons to use a real estate agent when buying a home-
As a Buyer you don’t pay any commissions!

As a Seller, the Seller’s pays Agent’s commissions that help faciliate the transaction..

This is a huge misunderstanding often thought by both buyers and sellers. They think that they have to pay the agent from their pocket. When you are buying a real estate property, you are not required to pay the agent.

These things are usually spoken at the start of the sale. However, eventually the job is done, which is the important thing.

So, you need not worry about paying the agent additional money.

They are provided with listings

A reputed and seasoned real estate agent knows the tricks of the trade. After all, he/she has been in the business for several years or decades. Any real estate firm or business that has been in the field for more than 10 years can be considered as professionals.

The agent can get it done. All you need to do is provide them the details of the kind of property you are looking to purchase. They make use of listings that are available both offline and online. These details are crucial for helping them find out real estate sales in the town or city.

The listings are not provided to the public. Using the listings, an agent can find out more about the property, home, or apartment for sale. This way, they can be the first ones to know even before advertisements are placed online or offline about a sale going on.

They have more knowledge about the area or region

Like we mentioned above, any agency or firm in the business for a decade knows the ins and outs of the trade. As a real estate agent, they must know the area well. The kind of soil that is present there, the climate experienced the pros and cons of living there, and so on.

Any responsible studio city commercial real estate agent will definitely have adequate knowledge on the particular area or region they specialize in. It is after all their only source of income. Hence, they are well versed with that.

He/she can easily tell you whether the purchase is worth it depending on the accessibility to schools, colleges, hospitals, shopping malls, etc. As a buyer, you will want to look for the distance you have to travel to these important places.

A real estate agent negotiates on your behalf

losangelesA good real estate agent knows the art of convincing people to buy or sell on their clients behalf. He/she needs to be an expert communicator. They can even sell ice to the snowman. The fine art of negotiation is something that is refined over years of practice. When it comes to convincing clients to purchase a property or negotiating the amount with the seller, a real estate puts his/her negotiating skills to use.

A professional agent will know the best course of action to produce a win-win situation. This is when the Buyer & Seller will enter an agreement without any remourse towards one another. This will ensure a beneficial relationship throughout the transaction and the end goal will continue to be in mind throughout.

There are times that Buyer & Seller will come to disagreements. Then the real estate agents need to know their way around mitagating any damages or disagreements. Not to mention, pending tasks like repairs, warranties, and inspections of the property have to be formalized have to before the sale. Having properties repaired or obtaining compensation for repairs are some solutions we as Realtors utilize. The real estate agent looks into these things. As a Buyer or Seller, you should be able to develop and trust your Real Estate Agent/Broker.

A good real estate agent can complete all the formalities

A good real estate agent can help in completing all the registration formalities. It can be a tough and tedious process when you have no idea on how to go about things. However, the studio city commercial real estate agent can get things done in short time.

Since, they know the municipal office staff, the inspectors, and document needed for the registration process, they get the procedure completed in no time. It can be a real headache if you decide to do the things yourself.

Unless you have a friend or relative who is working on the inside, you can find registering a property in your name a big hassle. A lot of running around and greasing of palms will have to be done.

Sometimes it is best to let the professionals do the job, while you sit back and relax.

As you can see, a seasoned and experienced studio city commercial real estate can immensely help you out. Don’t hesitate in hiring a real estate agent today and reap the benefits.

5 Key Services Offered By A Commercial Real Estate Company

Posted by on Feb 28, 2019 in News/Blog | 0 comments

Commercial Real Estate Company customer service is certainly the most critical aspect of the entire business world. Many firms consider the professional service the topmost priority. However, many businesses find it difficult to ensure effective customer service. The reason behind this might be weaker organizational structure and strategies.

You might want to find a company that can promote better services with skilled staff members. If you cannot find a perfect Commercial Real Estate Company easily, this article may ultimately benefit you.

At first, you can see your own priority before you choose a particular company based on their words. That priority should be your desire to get better services at affordable rates. Such a company can be the perfect choice for you. However, it is difficult to choose whether a particular company is better or not just based on affordability. You might want to focus more on services and quality offered by the company.

You will read about top 5 key services offered by the best Commercial Real Estate Company right below.

  1. Better customer care services

This is the primary aspect that many companies ignore in general. They do not consider the possibility of giving better response and faster customer care service to the consumers. If a particular user is in trouble, they might call your customer care facility. However, if your company fails to respond quickly, they might become heavily discouraged and dissatisfied.

You can easily promote the wellbeing of the consumers by providing a faster and perfect solution. A Commercial Real Estate Company is always centred around consumer desire. Therefore, you might have to choose a company that can offer better customer care solution and services.

  1. Consultation services

Counselling is the primary aspect of any business you will see today. The primary reason behind this factor is that people generally do not have appropriate information about anything, let alone Commercial Real Estate Company and its services. For that, it is mandatory to ensure that they get proper information recording everything they need to know.

A company that has achieved highest status can provide various consultation services depending on the desires of the consumers. You can observe such companies providing facilities such as business consulting, world market access, retail consulting, office platform solutions, market assessment studies, private partnership advisory, infrastructure consulting, project feasibility studies, industrial location and supply chain management, project innovation and management, and much more.

These facilities invoke a sense of belonging within the customers. The consumers often feel safety and assurance that they are getting facilities from the right organisation. For that, such a company and shows to provide all the primary consultation services and information relevant to their desire. If you find a Commercial Real Estate Company offering this particular service, you can choose one for your benefit.

  1. Project development services

Anyone can provide appropriate means of strategy and solutions for all your problems. However, you can rarely find a company that can of a prescribed solution and actually work on it in an effective way. At such a time, becomes difficult to choose a company when they do not really offer quality product or services.

A Commercial Real Estate Company offering various is facilities and services such as valuation – hospitality, transaction consulting, really state evaluation, transaction management, account management, property asset management, project development services, and others can be the primary choice for you. You can choose such a company based on the quality of services offered not just the affordability. Other than that, the services are offered by well educated and experienced experts in the companies.

  1. High processing capability using advanced technology

Technological advancement is the primary factor that a particular company can have. Without having upgraded technology, you cannot even think about having updated services. Customers are likely to be happy when they get faster results. Only an updated technology can help you in satisfying the consumers at large.

A perfect Commercial Real Estate Company can offer advanced commercial estate services using better technological devices. You cannot really find the company on real estate business that does not promote better facilities. However, to actually see if they can offer you hire services or not, you can observe that level of technology to use in their everyday life.

If the consumers are happy and content with their services, the company what happened providing best quality real estate facilities. It is obviously possible due to update the technology and experienced individuals.

  1. Valuation and advisory services

The most important service after consultation and project management is valuation and advisory. The primary reason for the importance of these services is the satisfaction of consumers. Even if the consumer does not desire to take appropriate services, they expect certain advice in return. In another case, after the completion of a Commercial Real Estate Company particular project, the customers might need extra hand and information about what should be done after that.

The company that can offer such a service can be the one and primary choice for you. Such an organisation ensures that you get all the primary facility of advisory and evaluation that is needed. Various facilities are given to the consumer suggest business valuation, valuation hospitality, valuation retail, valuation residential, valuation industrial,  portfolio valuation, real estate valuation, office valuation, property tax valuation, financial reporting valuation, data centres valuation, and much more. The primary importance of these services can be observed in the form of happier consumers.

It is difficult to find a perfect company without actually observing the quality and extent of the services offered by a particular Commercial Real Estate Company. You can easily find your perfect company by comparing key services with that of other organisations. If one of these companies offer better services and high-quality promise, you can definitely choose the one for your satisfaction. Particularly, every company is centred around consumer satisfaction at large. However, you can scale the company by using the satisfaction level of previous consumers and the quality services are given by the company.

Advertise Your Commercial Real Estate in Los Angeles at One Source Real Estate

Posted by on Jan 8, 2019 in News/Blog | 0 comments

If you are thinking of listing your residential or commercial property then One Source Real Estate is the right platform for you. Online advertisements are now the best way to market your property. We have grown with internet and utilize every new technology to benefit our clients.

Everything is connected nowadays. You will see people using social media platform and other means to advertise their requirements, hence, getting in touch with One Source Real Estate will be beneficial for you. All of us are dependent on the internet now and now is the time to take the advantage.

Saying that we are One Source Real Estate your service provider. We understand our clients needs and likewise assist them in their commercial or residential needs when it comes to real estate.

We provide 110% assurance that all your information will remain safe with us and we will be there for you from the time you list your property to the time someone buys it and thereafter. We are not restricted to specific areas and we can cater to all your needs. We have created a platform for you which will open the door not just to one particular area but also to the entire nation. Buyers can be from anywhere and that’s why we believe in keeping our doors wide open.

Here are some of the reasons why you should choose One Source Real Estate.

We are the source of fastest growing inquiry

As we have discussed earlier that more and more people now prefer the web to inquire for properties. This gives them the freedom of being location independent. So many people travel to new places looking for a new place to make a livelihood. Some shift because they have to. We will advertise your property on hundreds of websites to gain the most attention. Your property needs every bit of attention and we cater to that.

We will communicate with you

Unlike other real estate agents, we don’t keep you waiting for updates. Real Estate agents have a lot of clients and they fail to deliver the right amount of response at the right time. We know how important your property is for you and no matter why you are selling your property, it becomes important for us to keep you in the loop and tell you about the progress.

Often people complain about this and that’s why Real Estate Agents are attracting criticisms. Before you list your property on our site, you may also come across a lot of questions. And we are right there for you to answer each and every question. We are never busy for any of our clients and we will stay in touch with you. Poor communication is not only bad for you but for us too. Hence, we believe in staying in touch and we will remain so until you get the right price for the property.

We ensure that the buyer is qualified

Whenever you list your property on our website, we make sure that the buyer is capable enough to buy your property. We are transparent and reliable. We know that many will come forward showing interest in your property, but not everyone can buy it. We cross check all the documents and ensure that the buyer qualifies for it.

You will be better informed

It is important for you to be informed at each and every step. We don’t take over price properties in an effort to obtain listings knowing that there will be eventual price reductions. Through our years of experience, we evaluate properties by reviewing all the comparables and knowing the market inside/out.

We will make your property advertisement reach each and every corner of the nation

One Source Real Estate is not just any property listing company. Our reputation is everything, as most of our clients come from referrals. Once we start working together we will target the right audience so that your property will receive an adequate amount of attention. We are here to help you with your property selling journey.

More and more people are making use of our platform. Don’t hesitate to call with questions. Call One Source Real Estate today and we will be happy to help. The Internet is the best way to advertise your property. The web is important both for the sellers and buyers and we will be with you in every step.

Benefits of Investing In Commercial Real Estate

Posted by on Nov 28, 2018 in News/Blog | 0 comments

We are living in a world filled with concrete elements. The modern civil engineering has advanced so much that, nowadays people are even calling the new world order a concrete jungle. Jungle may it be but the architecture of this civilization has catapulted the whole society into the skies of futuristic opportunities. The main drive behind this development goes to the enhancing scientific evolution and the growing populace of the world. Most of these developmental activities belong to the public works and the rest is dedicated to the socio-economic need of the community. Industrial and residential sectors build up the majority of the real estate business. The basic distribution is between domestic and commercial purposes. Commercial real estate is the lion share of this because the number of industrial operations and corporate office buildings is much more than organized domesticated residential complexes. Among these domestic complexes also, many have commercial background. Hence to get a nice deal on the commercial real estate you must definitely contact one of the foremost realty experts in the domain, the One Source Real Estate.

The search for a nice and compatible real estate is a very difficult process. This is more so, in case of an enterprise or for a small businessman. This is because the nature or investment is quite huge and a small misstep can lead to a life of downfall and misery. So to avoid this, opting for the assistance of an expert firm is the most intelligent choice. One Source Real Estate is the best realtor on a global market. The firm offers an array of varied commercial properties for the clients in order to leave them with option to choose the best kind in their budget range. One Source Real Estate knows that not every commercial plot is suitable for every kind of entrepreneurial endeavours. We excel in linking the right plot with the most deserving customers. We do not sell cement turnkey plot to an IT business firm or a corporate building to a catering service provider. Matching the right business with the right commercial realty is our main motto. Retailing workshop, corporate building, commercial residential complex, factory outlet etc. you name it and One Source Rea Estate will give you the best plot. In studio City region we have a very vibrant sprawl and we do know every nifty feature of this realty market. So if you want to setup a lavish franchise for your firm or just rent a good floor for your office works in Studio City, contact the One Source Real Estate through offline and online modes.

The Studio City Commercial Real Estate is synonymous with the name of One Source Real Estate. Apart from commercial brokerage we also assist the people with investment consultancies. We know that Studio City is a very flourishing city and we know that many want to invest in it commercially, but not everyone is well aware of the technicalities and pricing of this domain. The nationwide spread of our exchanges has made us eligible to become the realty solutionist for all and sundry. But the question that arises in the mind is why do you need a realty solutionist for? The answer is quite simple to maximize your goal getting objectives. Most of the enterprises either look for profitable ROI or return on investment or to better the lifestyle. With the help of One Source Real Estate brokerage model you will achieve both of these goals and more. We not only serve you with the best realty option but also make the transaction process smoother by taking into consideration the legality of the plot, the tax filings, the condition of the plot and its troubleshooting. For the best Studio City Commercial Real Estate buying, renting or investing One Source Real Estate is your one stop destination.

Commercial Real Estate

As we were discussing, the commercial properties are the goldmines of opportunity in the current global scenario. People are on a gold rush for investing on the commercial properties. So if you are planning on putting your money on a commercial plot in Studio City then you must at least be aware of the advantages it will present to you. The bellow pointers are all about the return you will get by investing on the Studio City Commercial Real Estate ventures of One Source Real Estate.

  • The return on the rental of the commercial properties in much higher and timely than domestic properties. In case of domestic proprieties due to humanitarian ground procuring of rental dues, takes up quite an extra time. But in case of commercial investment the returns will be neutral and proper.
  • Paying rent for a commercial property is more taxing than buying one. This is of course applicable only if the venture you are carrying on is for a longer term. So if you buy a nice commercial plot against a good to let then you are making a good profit. This is admissible through SMSF or Self-Managed Superannuation Fund.
  • It is quite noticeable that if you rent a commercial plot on lease the tax levied on it is 30% whereas if SMSF is opted for then the tax is lowered down to just 15%, which is of course a great news in turnover generation part.
  • The limit on the rental pricing is up to your liking if you choose the SMSF plan because the market decides the price not the lender.
  • The depreciation value of the commercial properties are much more generous than that of domestic ones and the tax relaxation is thus more on the former.
  • This generous depreciation value is actually the tax free portion of your financial asset.
  • Commercial real estates can be used as better leveraging asset in case of due resolution.
  • These properties are often the best option in leasing out and acquiring financial support from that.
  • Finally, the value of the commercial plot is much more than a domestic plot because the turnkey feature can be used for a new endeavor.

So, the One Source Real Estate is the best bet for your dream Studio City Commercial Real Estate at viable rates.

Southern California home prices climb 5.8% from a year earlier but slip from June’s record high

Posted by on Sep 6, 2018 in News/Blog | 0 comments

The Southern California median home price slipped in July from June’s record high, but it was still up 5.8% from July 2017, according to data released Thursday by real estate firm CoreLogic.

The report showed that last month’s median price — the point at which half the homes sold for more and half for less — clocked in at $530,000 in the six-county region. That’s down $7,000 from June’s all-time high. Some agents say the market is slowing as families increasingly find it difficult to afford a home.

Sales were essentially flat, rising only 0.3% from July 2017.

Any slowdown would be welcome news for would-be buyers, who are dealing with not only high home prices but also rising interest rates. On Thursday, Freddie Mac said the average rate this week on a 30-year fixed mortgage was 4.52%, up from 3.82% a year earlier.

CoreLogic said that once the rise in mortgage rates is factored in, the monthly payment on a median priced house was up 13% over the year.

Agents say some buyers are getting burned out after dealing with a market that’s been on an upswing for more than six years.

Epstein said more homes are coming up for sale in the southeastern area of the San Fernando Valley he specializes in. As a result, buyers are being more selective, causing some properties with “unrealistic” asking prices to sit.

“I have seen a more patient-level buyer instead of that feeding-frenzy buyer,” Epstein said.

It’s not uncommon for the median price to fluctuate month to month, and prices are still up solidly from a year earlier.

Part of that is because housing construction hasn’t kept up with demand during the economic recovery, something that’s been blamed on opposition to new development from existing residents. Builders also have fewer financing options than they did during the bubble.

Some agents said they noticed a jump in listings in their markets. But data from Zillow show that, compared with last year, listings were up only 1.4% across Southern California in May and June, which is when many of the July deals would have opened escrow.

So, for now, demand continues to outstrip supply.

In Los Angeles County, the median price climbed 5.7% from a year earlier, to $607,500; in Orange County, 6.6% to $735,750; in Riverside County, 5.8% to $386,000; in San Bernardino County, 6.6% to $325,000; in San Diego County, 8% to $579,750; and in Ventura County, 6.3% to $595,000.

Sales in those counties ranged from a 3.5% drop in San Diego County to a 4.8% increase in Ventura County.

Unless there is a recession, economists generally expect prices to continue rising. Gains may slow as more people become priced out. The economy is too healthy and the shortage of homes for sale is too severe to expect a drop, they say.

courtesy of www.latimes.com

Our process in Leasing, Marketing Vacancies in Studio City and Sherman Oaks

Posted by on Aug 6, 2018 in News/Blog | 0 comments

Managing houses and homes in Studio City & Sherman Oaks has been a core portion of our business for over 11 years.
The steps we take are as follows:

1. Make sure the property is in rent ready condition. Potential renterss can focus on the tiniest flaws, and dirt so making sure the property is painted and clean is crucial.
2. Taking photographs. For the interiors of the property we only use a wide angle lens to bring out the true feel for what the rooms look like. For larger High end properties we hire professional photographers to assist and retouch photos.
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3. Then advertising our properties to every channel possible is crucial. We market on over a dozen websites. If a tenant is looking to lease, they will definetly find our ad.
4. Knowing how to properly screen tenants is probably the most important step in leasing rental properties. Running credit checks to reveal FICO score, runny Telecheck, verifying bank statements, employment and previous rental history. Once a tenant is screened thoroughly, we will approach our client (Landlord) with all the information, and they will decide to accept or decline the application.
5. Once a renter is approved we will proceed in collection of security deposit money, 1st months rent. Paperwork such as the lease is drafted along with all the associated addendums related to the property/area. It’s very important that the Lease has the language necessary to protect the Landlord and the management company from issues that can potentially arise when have a rental property.
For more information or questions about our process contact us by calling (818)501-5518,

300 Unit + Sherman Oaks Apartment Project Proposed

Posted by on Jun 11, 2017 in News/Blog | 0 comments

A developer has plans to build a new 300-plus unit apartment complex with commercial space on Ventura Boulevard in Sherman Oaks,14832ventura

The project would involve constructing 312 new apartments at 14801 to 14827 Ventura Blvd. between Kester and Willis avenues in two, five-story buildings that will also feature retail, restaurants and underground parking.

CBRE is marketing between 15,000 and 22,000 square feet of retail space for lease out of a total of about 37,000 square feet planned for retail and restaurant tenants. The ground-floor tenants would be below apartments and above underground parking, according to the firm’s brochure on the project.

The site is located at the northwest corner of Ventura Boulevard and Willis Avenue and is about three-quarters of a mile from the Sherman Oaks Galleria.

Currently, the Sherman Oaks Chamber of Commerce leases space in the larger of two older office buildings that now occupy the parcels, according to real estate database CoStar Group Inc. A two-story medical office building of more than 12,000 square feet is fully leased and was built in 1959. It sits on 1.73 acres and has 55 parking spaces. The second building, just under 10,000 square feet, was built in 1961 and sites on less than an acre with 45 parking spaces.

Both buildings are owned by H&M Konjoyan of Sherman Oaks, which did not return calls for comment before deadline.

 

Courtesy of San Fernando Valley Business Journal

 

For a consultation regarding development opportunities in Sherman Oaks or the surrounding areas contact One Source Real Estate at 818-501-5518

 

Interest Rates Are Rising. Here’s How to Take Advantage

Posted by on Feb 13, 2017 in News/Blog | 0 comments

Q: With interest rates starting to rise, what’s the best way to invest for income?

A: Rates are indeed starting to climb, now that the economy is accelerating and inflation is ticking up. Since last summer, the yield on 10-year Treasury securities jumped by more than a full percentage point, from 1.37% in July to more than 2.4% today.

For fixed income investors, rising interest rates pose a big challenge, since older, lower-yielding bonds held in a fund are likely to fall in price when market rates rise. That explains why, over the past three months, the average long-term government bond fund has lost nearly 8% of its value, according to Morningstar.

But “there is a benefit to rising rates,” says Matt Toms, chief investment officer for fixed income at Voya Investment Management. “If you’re patient and are reinvesting the income, over time you are going to be better off with the higher income payout.”

Plus, there are small steps you can take with new money to position your bond portfolio for the new rising-rate environment.

Shorten up. Focus on funds that invest in short-term debt—bonds maturing in two to three years or less. For starters, short-term bonds tend to lose less than longer-dated securities when rates rise. Moreover, “we can look at corporate balance sheets and have confidence of their cash flow over one, two, or three years,” says Warren Pierson, senior portfolio manager with Baird. “That’s harder to do when you are investing in bonds with 10-, 15-, and 20-year maturities,” he says.

If you’re looking for a solid short-term bond, consider Vanguard Short-Term Investment Grade (VFSTX), a low-cost option that’s in our MONEY 50 recommended list of mutual and exchange-traded funds.

Go with the float. Floating-rate bank loans are another form of short-term debt — with a couple of big differences. When rates lift, yields on many of these securities float with the market. As a result, as rates have risen over the past three months, the average bank loan fund has gained more than 2% in total returns.

Floating-rate securities are also generally issued by companies with less-than-pristine balance sheets. So only own these funds in moderation. And use them as an alternative to high-yield “junk” bond funds.

Be careful with income stocks. For years, investors frustrated by historically low rates have turned to dividend-paying stocks to boost their income. But investors need to be really careful with income-producing stocks, as they are sensitive to interest rate changes. That’s because when market yields rise, bond investors who turned to dividend paying equities are likely to pivot back to the fixed-income market. “You want to stay away from interest-rate-sensitive stocks,” says Burt White, chief investment officer at LPL Financial.

And finally, don’t go overboard. While short-term bond funds make a lot of sense, don’t upend your entire strategy. In fact, there’s a strong argument for sticking with your so-called core bond funds even if they include longer-dated debt. “A core bond fund can still play a very constructive role in a diversified portfolio,” says Toms. “Those bonds do a good job of offsetting equity volatility.”

Courtesy of time.com

Real estate pros see recession by 2017, survey shows

Posted by on Jun 16, 2016 in News/Blog | 0 comments

The real estate sector is getting a little more pessimistic about the economy and a majority of professionals in the industry now see a recession ahead in the next 18 months.Help Key

A survey of 400 people in the real estate business by PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI) showed a drop in positive sentiment to 69% from 84% six months ago. Current levels are at the lowest in two years.

“There’s a lot of weird stuff going on in the world—China, interest rates, volatility in the equity market—all of which is creating anxiety,” said Mitch Roschelle, a partner at PwC.

And while a majority of those surveyed remain positive for now, more than half expect a recession by the end of 2017, notes Roschelle, who adds that two out of the last four recessions have been in part due to a slowdown in the real estate market.

However, he sees a silver lining to real estate pros losing their optimism.

“They’re saying, ‘Listen, maybe we need to back out. Maybe we need to not reinflate a bubble and cause another recession,’” said Roschelle. “If we don’t reinflate a bubble with housing prices and we don’t reinflate a bubble with commercial real estate prices, we may not have that bubble bursting causing another recession. So if there is a recession, real estate folks are saying, ‘It’s not going to be because of us this time.’”

Global uncertainty may also lead to some overseas investors turning to U.S. real estate. “The more volatility that goes on in foreign markets and the more uncertainty there is about geopolitical risks in foreign markets, they tend to rotate toward U.S. dollar-denominated investments and income producing asset classes like real estate,” Roschelle said.

“What’s interesting is foreign sentiment for U.S. real estate has improved while domestic sentiment has weakened.”

courtesy of Yahoo.com

Max Azria’s house in Bel Air (Holmby Hills) for sale

Posted by on Mar 26, 2016 in News/Blog | 0 comments

If at first you don’t succeed, try, try again but also ask for $3 million more. That’s the plan for the lavish Holmby Hills home of designer Max Azria, who founded the BCBG Max Azria Group, reports the Wall Street Journal. Azria listed his estate about a year ago for $85 million, but withdrew it from the market after eight months. Now he’s putting it back on the market, but this time, listed with a different brokerage for $88 million.

Why tack $3 million onto the already high price of a mansion that couldn’t sell? One of the new listing agents at Hilton & Hyland tells the WSJ that the price hike is totally understandable, considering that prices of all luxury homes in LA are on the rise.

Azria’s roughly 30,000-square-foot mansion was originally designed by architect-to-the-stars Paul R. Williams in the 1930s, and has been updated by Azria and his wife since their purchase of the place in 2005. It’s reported that the couple spent $30 million on renovations and upgrades to the house, undoubtedly on things like the “floor-to-ceiling waterfall chandelier … made from over 150,000 crystals” in the grand entryway that greets guests upon arrival.

The house has 17 bedrooms; a home theater; a swimming pool with a bar; a “Moroccan-themed” pool house; multiple gardens; a home office with a domed, gold-leafed ceiling; a greenhouse; another greenhouse that’s been converted to a gym; and a tennis court. In all, the estate is almost three acres. That new pricetag again was $88 million.