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LA’s most expensive listing sells at auction for $100K

August 29, 2019

The sprawling hilltop property was once listed for $1 billion Dubbed “The Mountain” in promotional material, the property is still listed for $650 million. Photos by Matthew Momberger, courtesy Aaron Kirman Partners Los Angeles’s most expensive listing sold today for less than the price of most tear-downs. Billed in listing material as “The Mountain,” the nearly 158-acre Beverly Crest property hit the market last year with an ast...

Filed under: Headlines by Alec Reimon

Can’t Get To The Beach? Go Up On The Roof.

August 28, 2019

Socceroof atop The Whale in Brooklyn's Sunset Park features spectacular views of the Manhattan skyline. MADISON REALTY CAPITAL Socceroof in Brooklyn has ten soccer fields, a high-end sports bar, multiple big-screen TVs and spectacular, unobstructed panoramic waterfront views of Manhattan. It’s atop the Whale, a cluster of three former industrial buildings in Sunset Park. Built in 1918 by E.W. Bliss Projectile Works, the Whale Buildi...

Filed under: Headlines by Alec Reimon

Los Angeles Has the World’s Highest Luxury Rental Yield

August 27, 2019

The U.S. city reported 5.4% rate of return in the first half of 2019, says Savills Aerial view of downtown skyscrapers in Los Angeles California GETTY IMAGES Investors in Los Angeles’ luxury residential rentals had the best returns in the first half of 2019, according to a Savills report released Thursday. In the first six months, the yield of a typical Los Angeles luxury rental p...

Filed under: Headlines by Alec Reimon

Spain is among the four best countries in the world to live and work as an expatriate

August 26, 2019

The study carried out every year by the British bank HSBC places Spain in fourth place in the ranking of the best countries in the world to live and work according to expatriates . Our country climbs 10 places on the list and manages to overcome New Zealand, which last year held second place. In this edition of the study, Switzerland, Singapore and Canada occupy the podium of honor, while, in the previous two years , the first three countrie...

Filed under: Headlines by Alec Reimon

10 Unusual (and Easy) Ways to Upgrade Your Home Decor

August 23, 2019

From new cabinets in the kitchen to a better carpet in the dining room, every homeowner longs to redo some portion of their house. But life (and your bank account) tends to get in the way, so you just let that rug lie and you move on. But instead of trying to rehab a room in a big way, employing small, offbeat tweaks might be your best bet. A quick splash of paint, a new fabric, or simply shifting that big couch from one wall to another mig...

Filed under: Headlines by Alec Reimon

With more Spaniards living alone, pet numbers soar in the cities

August 22, 2019

Spain: The number of registered dogs, cats and rabbits has shot up by 40% in the past five years Dogs at Jardín del Turia in Valencia. MÒNICA TORRES More people are living alone in cities across Spain, and this accounts for a 40% rise in pet ownership over the last five years. Up until last year there were 13 million registered pets, 93% of which were dogs, 6% cats and the rest mainly rabbits. “The n...

Filed under: Headlines by Alec Reimon

The New Normal In The Single-Family Rental Space: How The Midsize Investor Is Rising Up

August 21, 2019

GETTY Think single-family rental homes are just for small-scale investors? Not anymore. Things are changing, and today there’s enough interest from large-scale and midsize investors alike to fully cement single-family rentals (SFR) as a viable asset class in and of itself. Most institutional-level investors first began showing interest in SFR immediately following the housing market crash of 2008 when they began buying up foreclosed prop...

Filed under: Headlines by Alec Reimon

Once Asking $1 Billion, L.A.’s Priciest-Ever Listing Is Scheduled to Sell at Auction

August 20, 2019

Dubbed ‘The Mountain,’ the 157-acre parcel in Beverly Hills has attracted big-name suitors like Tom Cruise and Jeff Bezos A Beverly Hills property known as "The Mountain." GOOGLE EARTH Los Angeles’ priciest-ever real estate listing, a 157-acre Beverly Hills parcel known as "The Mountain," is scheduled to be sold at auction Thursday. If the sale proceeds as scheduled, it could bring ...

Filed under: Headlines by Alec Reimon

Sales and Prices Down as Inventory Surges in the Hamptons

August 19, 2019

Housing sales dropped 8.7% in the second quarter of 2019. PHOTOALTO/JEROME GORIN / GETTY IMAGES The housing market in the Hamptons on the East End of Long Island had a sluggish first half of the year, according to a report Thursday by Douglas Elliman Real Estate. But agents say that’s starting to change. Sales dropped 8.7% in the second quarter of 2019 compared to the same time last year, the report said. Meanwhile, inventory rose...

Filed under: Headlines by Alec Reimon

Spain is the world’s healthiest nation, according to Bloomberg index

August 16, 2019

Country takes the crown from Italy, while Japan ranks fourth, Britain comes in 19th, and the US takes 35th place, five spots below Cuba A Spanish classic: bread, tomato, jamón and olive oil. GETTY IMAGES Spain is the healthiest country in the world, according to a study of 169 nations by Bloomberg. After climbing six rungs from 2017 and pushing Italy from first spot, Spain now ranks at the top of the Bloomberg Healthiest Country Inde...

Filed under: Headlines by Alec Reimon

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