Author: Rodeo Realty Media Team

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Rodeo Realty's Studio City agent Maggie Oreck in The Hollywood Reporter for Marc Anthony listing

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Rodeo Realty agent Maggie Oreck has a listing that is featured in The Hollywood Reporter this week. The Studio City agent is representing Salsa King Marc Anthony, who has put his Tarzana home back on the market.

The seven- time Grammy and Latin Grammy winner has listed the 6,500 sq ft property for slightly more than he paid — $4,150,000.

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The Hollywood Reporter graphic

Anthony and his wife, Venezuelan model Shannon de Lima, purchased the newly constructed home in 2014. The New England Traditional style comes with five bedrooms, 6.5 bathrooms and an oversized four-car garage. Wide panel mahogany wood floors run throughout the entire two-story home. Detailed wainscoting and coffered ceilings are just a few samples of the finest materials used in the exquisite craftsmanship.

On the first floor you’ll find a combined living and dining area, a den/office and two family rooms. One of the family rooms opens to an all-white gourmet kitchen which includes double Wolf ranges, Subzero fridge/freezer, two center islands, Calacatta marble, honed granite counters and an exquisite herringbone design stone back splash.

Upstairs there’s four en suite bedrooms joined by a magnificent master bedroom with a private terrace and an expansive closet featuring delicate glass vitrines.

A sun-drenched back yard provides a great environment for relaxing and entertaining with a swimmers pool, spa, fire pit and bar with a built-in grill and outdoor fridge.

To read The Hollywood Reporter article, click HERE

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Curbed on the hunt to feature unique living spaces

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Elizabeth Daniels

Want to see your home featured on Curbed? The real estate blog is currently on the hunt for interesting subjects who’d be willing to open up their living spaces for a visit and a photo shoot. Homes will be featured on Curbed’s House Calls series and will give readers a chance to view various homes of Angelenos.

If you just finished rehabbing your home or simply want to show off the perfect place you call home, they want to see it.

Are you interested? If you’d like to be considered for House Calls, send them an email (subject line: House Calls) and a few photos of your place. Include a few details about where you live: the neighborhood you’re in, what’s special about your home, and a bit about why you think it would be a great feature. Dwellings that are currently for sale or for rent will not be considered.

To view some of the homes that have been featured on House Calls, click HERE

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Economic update for the week ending April 9, 2016

Stocks down for the week – This week several Fed members as well as Fed chairperson, Janet Yellen, made statements about interest rate policy. They stated that rates will rise much slower than previously expected due to more uncertainty in the economy. This helped to weaken the value of the dollar which is good for manufacturers who export goods. The weaker dollar caused oil prices to rise. Oil was up 7% for the week with U.S. Crude closing above $39 a barrel. U.S. Crude hit a low of $27 a barrel in February, so oil prices have been on a good path to recovery. Energy stocks ended the week higher. Unfortunately, retail stocks got hit hard when Gap and several other retailers announced that same store March sales were down considerably. This and The Fed comments caused investors to wonder where the economy is heading. The Dow Jones Industrial Average closed the week at 17,576, down from 17,972.75 last week. The S&P 500 closed the week at 2,047.60, down from 2,072.78 last week. The NASDAQ closed Friday at 4,850.69, down from 4,914.54 last week.

 
Bond yields lower for the week – The 10 year U.S. Treasury bond closed Friday yielding 1.72%, down from 1.79% last week. The 30 year U.S. Treasury bond closed Friday yielding 2.55%, down from 2.62% last week. Mortgage rates follow bond yields so we watch bonds carefully.

 
Mortgage rates near three year low -The Freddie Mac Primary Mortgage Survey released on April 7, 2016 showed that average mortgage rates from lenders surveyed for the most popular products were as follows: The 30 year fixed average rate was 3.59%. The 15 year fixed average rate was 2.88%. The 5/1 ARM average rate was 2.82%.

This was a slow week for data. Next week we should start getting housing sale numbers and California March employment figures.

Have a great weekend!

Syd

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Los Angeles Times mentions three Rodeo Realty agents for selling most expensive homes between March 6 – 19

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In the past two weeks, three Rodeo Realty agents sold two of the most expensive homes in the Greater Los Angeles area.

Making real estate news in the Los Angeles Times is Peter Maurice and Tregg Rustad. The two agents sold a $9 million listing that belonged to Frederick Huntsberry, the chief operating officer of Paramount Pictures. According to the newspaper, the buyer was Francesco Aquilini, Canadian billionaire and owner of the Vancouver Canucks hockey franchise.

The agents listed the 4,507-square-foot home in February and closed sale in about a month. According to the LA Times, Huntsberry purchased the home six years ago for $3.84 million—less than half the price it was sold for.

The renovated midcentury home in Beverly Hills is said to have four bedrooms, four bathrooms, terrazzo floors, a dramatic according-style ceiling and walls of floor-to-ceiling glass that look out to a half-moon-shaped swimming pool.

Among the top residential real estate sales is also a Beverly Hills home that was sold for $7.5 million by Josh Flagg. According to the LA Times, the home was destined for the wrecking ball.

Flagg tells the newspaper the amount eclipsed the previous high-water mark for the area by $2 million. He represented both the buyer and the seller in the sale.

The sales report is for the period beginning March 6 and ending March 19.

To read the LA Times article, click HERE

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Rodeo Realty’s Beverly Hills agent Brandon Assanti lists $3.75 million celebrity-owned home

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Rodeo Realty agent Brandon Assanti holds a listing that has made it into this week’s celebrity real estate news. Featured in the Los Angeles Times’ Hot Property column is an Encino estate, which was once owned by “Whose Line Is It Anyway” improv comedian Ryan Stiles and, before him, Oscar-winning special make-up effects creator Stan Winston.

The Robert Byrd-designed home is listed at $3.75 million, just a little more than what Stiles bought it for in 2003, which was $3.45 million.

The French country-style estate has beamed wooden ceilings that deliver warmth from above. The exquisite brick and wood details add layers of textural warmth throughout the home.

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LA Times graphic/Rodeo Realty photo

Inside the 7,361 square feet property is five bedrooms, seven bathrooms, a living room with a game area, a family room with a wet bar, a dining area, a wine cellar and a center-island kitchen. A loft and a screening room with a wet bar is also included in the home.

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Outdoors is a not-too-dense forest around the property which affords a nice degree of privacy when enjoying the swimming pool and spa.

To read the LA Times article, click HERE

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Economic update for the week ending April 2, 2016

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U.S. economy gains 215,000 jobs in March – Employers added 215,000 net new jobs in March. This was considered a healthy number which beat economists’ expectations of 199,000 jobs. Almost all sectors saw healthy job gains with the exception of manufacturing which lost 29,000 jobs. This was a troubling part of the report as it was hoped that manufacturing which has been hurt by a strong dollar and sluggish economic conditions overseas was starting to improve. Nevertheless the report was met positively and stocks rose upon its release. Wages continued to show sluggish growth, rising just 2.3% from last March. It’s unusual to have such strong job growth with such weak wage growth. The unemployment rate ticked up, rising from 4.9% in February to 5% in March. This was actually seen as a positive as more workers entered the workforce who had previously given up on finding a job.

 
Stocks higher this week – Stocks gained midweek after Fed chairwoman Janet Yellen, commented that The Fed will raise rates at a slow pace. This followed comments last week by members of the Fed’s open market committee that the next rate rise could come this month. Those comments caused bond rates to rise and stocks to fall. Yellen’s comments this week made investors feel rates were not raising soon which caused rates to fall and stocks to rise. The next Fed meeting is April 26 – 27. It will be interesting to see what comes out of that meeting. A strong jobs report also rallied the markets on Friday. The Dow Jones Industrial Average closed the week at 17,972.75, up from 17,515.33 last week. The S&P 500 closed the week at 2,072.78, up from 2,035.94 last week. The NASDAQ closed Friday at 4,914.54, up from 4,773.50 last week.
Bond yields lower for the week – The 10 year U.S. Treasury bond closed Friday yielding 1.79%, down sharply from 1.91% last week. The 30 year U.S. Treasury bond closed Friday yielding 2.62%, down from 2.67% last week. Mortgage rates follow bond yields so we watch bonds carefully.

 
Mortgage rates -The Freddie Mac Primary Mortgage Survey released on March 31, 2016 showed that average mortgage rates from lenders surveyed for the most popular products were as follows: The 30 year fixed average rate was 3.71%. The 15 year fixed average rate was 2.98%. The 5/1 ARM average was was 2.90%.

 

Pending home sales rise – The National Association of Realtors announced that pending home sales rose 3.5% in February to the highest level in seven months. The California Association of Realtors released their February pending home sales report. In California pending home sales rose 26.4% from a disappointing January. Year over year pending existing home sales 0.4% below last February’s levels.

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Rodeo Realty's Beverly Hills agent Josh Flagg partners up with Uber

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Uber News

Uber has announced that it is partnering up with Rodeo Realty agent Josh Flagg to bring their luxury service to the real estate scene.

Uber interviewed Flagg, who said he makes sure his clients arrive and depart in UberLUX.

“I know I can trust UberLUX to get my clients where they need to be quickly and safely – and with comfort and style,” tells Flagg to Uber. “It is truly a first-class, luxury experience. I send cars to pick up my clients, and I use the service when I run across town for dinner, meetings, or running errands.”

Flagg tells Uber he sells with a complete client experience in mind.

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Uber News

“When UberLUX picks you up, it’s a thrilling experience that can set the tone for the entire interaction,” said Flagg.

When it comes to selling multimillion dollar homes, Flagg said it’s about the presentation and selling an experience.

“These are houses that may be kept for a lifetime—so it’s essential that I provide the perfect setting—from start to finish—to help give them a taste of what the experience feels like, living in one of these homes,” said Flagg.

Uber shared their excitement about the partnership and said they look forward to having Flagg bring UberLUX to the real estate industry.

To read the entire Uber News article, click HERE

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