Rodeo Realty’s Jay Geisenheimer donates to scholarship to help high school student continue education

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Thanks to a scholarship and a generous donation made by Rodeo Realty’s Jay Geisenheimer, one former William McKinley Elementary School student is now a step closer in achieving her dreams of higher education.

On May 12, John Burroughs High School student Maddy Weerts was awarded the McKinley Alumni Scholarship in front of several 5th grade students who attend McKinley Elementary School. Also in attendance were Scholarship Chair and mother of this year’s recipient Suzanne Weerts, Mayor of Burbank Jess Talamantes, former Mayor Marsha Ramos, and Jay Geisenheimer.

“This is full circle for me as Suzanne brought me in as a donor 6 years ago,” said Geisenheimer. “Maddy well deserved this award as she is beautiful, intelligent, composed and cool.”

The scholarship, created in 2007, is meant to help a McKinley Alumni student and inspire current McKinley students to aim high in their own educational efforts. This year’s McKinley Alumni Scholarship was for $1500. The money was raised partly by students at McKinley and donations contributed by Alumni and Geisenheimer.

The Burbank Rancho Resident has been a major contributor to the McKinley Alumni Scholarship for the past six years. She’s helped Weerts and several other students continue their educations with her generous donations.

Home listed by Rodeo Realty's Beverly Hills agent Jordana Leigh featured in LA Times

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A two-story contemporary home listed by Rodeo Realty agent Jordana Leigh is being featured this week in the Los Angeles Times as the Home of the Day.

The new-construction, which is situated on a gentle knoll in Cheviot Hills, offers indoor-outdoor living and treetop views. The home features retractable glass walls that open to a landscaped yard and take full advantage of the sunny climate. With a touch of a button, the living and dining rooms instantly become part of the grounds.

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LA Times graphic

“The backside of this two-story contemporary doesn’t just blend the boundaries between inside and out, it erases them,” said the LA Times.

The 4,426 sq. ft. home offers five bedrooms and six bathrooms. According to the article, the 2016 home is priced at $4,549 million.

To read the LA Times feature, click HERE

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REAL Trends holding contest to find 'Secret Lives of Real Estate'

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REAL Trends is holding a contest called Secret Lives of Real Estate. The trusted source for news, analysis and information about the residential services to the residential industry knows that real estate professionals have lives that are about more than contracts, open houses and virtual tours.

“There’s a whole secret world that we want to uncover,” says REAL Trends. “Perhaps you moonlight as a guitarist in an AC/DC cover band (Angus Young, anyone?), or you were a guitarist in a top band. Perhaps you have a coveted spot in the Guinness Book of World Records for the longest motorcycle ride by a team. Yes, a real estate professional really does hold that record!”

According to their site, if you’ve got an interesting, dangerous, funny, compassionate or crazy passion or hobby outside of real estate, they want to know all about it.

REAL Trends says real estate is about connections, and they want to connect with you on a personal level.

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Submit your story by June 30, 2016. The winner will receive an all-expenses paid vacation to beautiful mile-high Denver, Colorado (home of the corporate office of REAL Trends), including airfare for up to four round-trip coach tickets, one hotel room for up to four nights, four tickets to some of Denver’s top tourist attractions (winner will choose two attractions from our list), a gift card to a premier local restaurant and four Denver Broncos NFL shirts.

There is no fee to enter. Share your story for a chance to win HERE

Economic update for the week ending May 7, 2016

 U.S. job growth slows – The Labor Department reported that employers added 160,000 net new jobs in April. This fell short of the 200,000 net new jobs analysts had expected. The unemployment rate held steady at 5%, an 8-year low. Retail sales lost 3,000 net jobs. This was especially surprising after retailers’ adding 39,000 net new jobs in March, and 157,000 in the first quarter of 2016. Construction added just 1,000 net new jobs after adding 41,000 last month. Those two sectors alone account for April’s decline. The report showed that wage growth is finally beginning to show signs of improvement. Average hourly wages ticked up 8 cents an hour, after increasing 6 cents an hour last month. Wages are up 2.5% for the past 12 months ending April 30, after remaining fairly stagnant since the recession. 

Stocks lower this week – Stocks dropped for a third week in a row as renewed concerns of persistent weakness overseas made investors cautious. This followed a disappointing first quarter GDP report last week and some earnings reports that were not as robust as expected. Stocks also dropped Thursday when ADP, the nation’s largest payroll company suggested that Friday’s jobs report would be disappointing. It was, yet stocks actually recovered slightly, because investors hoped that it would give pause to the Federal Reserve to leave interest rates unchanged in June rather than raise them for only the second time since 2006. The Dow Jones Industrial Average closed the week at 17,740.63, down from 17,763.64 last week. The S&P 500 closed the week at 2,057.41, down from 2,065.30 last week. The NASDAQ closed Friday at 4,736.16 down from 4,775.36 last week. 

Bond yields slightly lower again this week – The 10 year U.S. Treasury bond closed Friday yielding 1.79%, slightly down from 1.83% last week. The 30 year U.S. Treasury bond closed Friday yielding 2.62%, also slightly lower than 2.66% last week. Mortgage rates follow bond yields so we watch bonds carefully. 

Mortgage rates lower this week – The Freddie Mac Primary Mortgage Survey released on May 5, 2016 showed that average mortgage rates from lenders surveyed for the most popular mortgage products were as follows: The 30-year fixed rate average was 3.61%. The 15-year fixed average rate was 2.88%. The 5/1 ARM average rate was 2.80%.

Rodeo Realty's Calabasas agent Lisa Moriarity closes deal on home once owned by Caitlyn and Kris Jenner

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Rodeo Realty’s Calabasas agent Lisa Moriarity has closed the deal on a $2.351 million home.

According to the Los Angeles Times, the Mediterranean was once owned by television personalities Caitlyn Jenner and Kris Jenner. The newspaper reports that the home was put on the market the same day Caitlyn Jenner, formerly known as Bruce, revealed her new name on the cover of Vanity Fair.

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The two-story home has hardwood floors, detailed molding and wainscoting throughout. The five bedrooms, five-bathroom property contains covered patios, a swimming pool with a spa and horseshoe pit. The approximately 4,600-square-foot house also comes with a three-car garage.

Moriarity represented the buyer in the purchase of the Calabasas home.

To read the LA Times article, click HERE

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Rodeo Realty's Sunset agent John Galich lists home of Director Jason Moore; former home of prominent actor Rock Hudson

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American director Jason Moore, known for films such as Pitch Perfect (2012), Sisters (2015) and Broadway’s Avenue Q, is selling his Studio City home for $1,095,000. John Galich of Rodeo Realty has the listing, which has been featured in several sites such as The Hollywood Reporter, Realtor.com, Los Angeles Times, Variety, Curbed LA, and LAist.

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Hollywood Reporter graphic

The Mid-Century estate once belonged to the legendary Hollywood ‘heartthrob’ Rock Hudson. The prominent actor lived in the serene retreat from 1951 – 1955. He was photographed throughout the home and featured in Architectural Digest’s Hollywood at Home.

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The 1,008 sq.ft. home was designed by Architect Ralph Bowerman in 1950. The stunning architecture is perched in the hills above Coldwater Canyon. Its private driveway leads up to a secluded 14,000 sq.ft. wooded lot that separates the house from the street and neighbors. The one bedroom, one bathroom property opens out to breathtaking gardens by a noted L.A. landscape designer and features multiple outdoor “living rooms” that make the grounds with canyon, treetop and city lights views truly magical. Additional features include wrap-around walls of glass, beautiful post and beam style, spectacular views and a skinny dip plunge pool.

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Aside from films, Moore has also directed television episodes of Dawson’s Creek, One Tree Hill, Everwood and Brothers & Sisters. In 2004 he was nominated for Broadway’s Tony Award for Best Director.

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To read The Hollywood Reporter’s story, click HERE
Realtor.com article, click HERE
Los Angeles Times feature, click HERE
For Variety’s story, click HERE
Curbed LA’s feature, click HERE
LAist, click HERE
Luxury Real Estate’s website, HERE
DIGS magazine, click HERE

View photo gallery below:

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Economic update for the week ending April 30, 2016

Stocks down after two weeks of solid gains – A disappointing U.S. first quarter GDP report, and a weaker than expected consumer sentiment reading from The University of Michigan were some of the factors which drove stocks down this week. The Dow Jones Industrial Average closed the week at 17,763.64, down from 18,003.75 last week. The S&P 500 closed the week at 2,065.30, down from 2,091.58 last week. The NASDAQ closed Friday at 4,775.36, down from 4,906.23 last week. 

Bond yields slightly lower – The 10 year U.S. Treasury bond closed Friday yielding 1.83%, slightly down from 1.89% last week. The 30 year U.S. Treasury bond closed Friday yielding 2.66%, also slightly lower than 2.70% last week. Mortgage rates follow bond yields so we watch bonds carefully. 

Federal Reserve officials left interest rates unchanged – In a statement Wednesday after a two-day meeting, the Fed stuck to its longstanding plan to move carefully on raising the benchmark federal-funds rate. The Fed has held the federal-funds rate between 0.25% and 0.50% since December, it’s first interest rate hike since 2006. The Fed dropped the rate and held it to near zero since 2008. Policy makers want to give themselves room to act at their June 14-15 gathering should they see enough encouraging developments, without signaling to investors that action is likely. Among the concerns: lingering worry over low inflation at home, slow-growing overseas economies and the potential British exit from the European Union. The Fed’s caution underscores how policy makers still lack confidence they can move away from extraordinary easy-money policies without undermining the fragile U.S. expansion and knocking the global economy off balance. Officials have already backed off the expected pace of four rate increases this year amid economic sluggishness. Policy makers on Wednesday pointed to a U.S. economy that is performing well in some respects but continuing to struggle in others. “Labor market conditions have improved further even as growth in economic activity appears to have slowed,” the statement said. It noted household spending has diminished even though real income has risen and consumer sentiment remains high.

First quarter gross domestic product disappointing – U.S. GDP posted its weakest showing since the first quarter of 2014, with an annualized growth rate of 0.5% for the first quarter of 2016. A slow first quarter has been something of a pattern in recent years, followed by a pickup in later quarters. Economists were divided over whether the details of today’s report imply a second-quarter bounce back. While the overall report was weak, housing was one sector that posted very good results. The housing sector was up 14.8%. 

U.S. Pending Home Sales at one year high – The National Association of Realtors reported that the number of homes that went under contract in March reached the highest level in nearly a year. They felt this was a sign the housing market is gaining steam as Americans benefit from historically low interest rates and steady job growth. Pending sales of previously owned homes, reflecting contract signings, rose 1.4% in March from February. The pickup in pending sales is the latest sign the housing market continues to advance after posting solid growth in 2015. Pending sales in March climbed 1.4% compared with a year earlier. A more closely watched measure of the housing market is the NAR’s report on existing-home sales, which measure closed transactions. Existing-home sales—or all purchases of previously owned single-family homes, town homes, and condominiums—rose 5.1% in March from February to an annual rate of 5.33 million, the NAR reported earlier this month. Sales were up 1.5% from the prior year. Existing homes represent roughly 90% of the market.

Consumer confidence lower in April – The University of Michigan released its April consumer sentiment index. It fell to 89.0 from 91. The index is now 7.2% lower than its level one year ago. In a release the survey director, Richard Curtin stated that “the negative views of the future may be in part due to the presidential campaign.” He also wrote that, “the size of the decline, while troublesome, is still far short of indicating an impending recession.”

Mortgage rates slightly higher this week – The Freddie Mac Primary Mortgage Survey released on April 28, 2016 showed that average mortgage rates from lenders surveyed for the most popular mortgage products were as follows: The 30-year fixed rate average was 3.66%. The 15-year fixed average rate was 2.89%. The 5/1 ARM average rate was 2.86%.

Have a great weekend,
Syd

Rodeo Realty's Allyson Carter lists Tommy Lee's Calabasas estate

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Rocker Tommy Lee is selling his Calabasas home for $5,995,000. Allyson Carter of Rodeo Realty is the listing agent.

Carter’s listing has attracted media attention once again. Her listing has been featured on several sites including Forbes, The Hollywood Reporter, Architectural Digest, Yahoo News, The Real Deal Magazine and Los Angeles Times.

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The 9,991 square foot property sits on its own hilltop in a secluded cul-de-sac. The home, located within the guard-gated area of the Vista Pointe community, has five bedrooms and six bathrooms.

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The unique custom estate is three stories and features an open atrium with retractable roof in the center of the home. Additional features include an indoor koi pond and spa, a theater room, and a wine room with 2nd kitchen. The floor plan with sprawling bamboo sets the tone for a very serene “Zen like” feel. Underground, there’s a 3,000 square foot garage of which two-thirds of that now house a state-of-the-art recording studio—theatriumstudio.com. Outside on the hilltop there’s a piano shaped pool with panoramic jetliner views of the valley.

Take a look inside his rockin’ house:

To read The Hollywood Reporter’s story, click HERE
Forbes: HERE
Los Angeles Times article, click HERE
The Real Deal Magazine story, click HERE
Yahoo News report, click HERE
Story on Luxury Real Estate’s website, click HERE
Architectural Digest: HERE
Zillow’s blog, click HERE
Yahoo Celebrity’s story, click HERE
Realtor.com article, click HERE
New York Post: HERE
AOL, click HERE

Photo gallery:

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Rodeo Realty's Sunset agent Rhonda Payne lists Venice home designed by Bridgid Coulter

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A refined rustic beach house designed by actress-turned designer Bridgid Coulter has just went on the market and it’s already making headlines. The modern beach bungalow is listed by Rhonda Payne of Rodeo Realty. The property is listed at $2,450,000 and is located on a 3,000 sq. ft. lot in Venice’s Oxford Triangle.

The property has been featured on LA Times, Daily Mail UK, Curbed, The Real Deal LA and TMZ.

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Coulter explored the potential of the home by raising the ceiling of the main level to 10 feet and adding a second level. Coulter says she wanted the home to feel serene, airy and lofty. The extraordinary 3 bed, 3 bath masterpiece includes a “doghouse” pop up that leads to a 360 degree panoramic view from the roof deck.

The environmentally conscious home has hydronic radiant heating under all floors and remote venting clearstory windows that utilize centuries old climate control methods to maintain comfortable interiors all year. Coulter used Zero VOC paints, FSC certified woods, green glues, natural marble and stone all throughout the design of the home to reduce the potential for pollutants.

Outside, the small yards are filled with local and drought tolerant plants to minimize impact on resources. The property is completely surrounded by all new perimeter fencing.

Coulter (Bridgid Coulter Design, LLC) is a dreamer with myriad professional endeavors: trained in acting, improv, and interior design. While most proud of her role as a mother and mate, she juggles the occasional acting gig with running a boutique interior design firm based in Santa Monica. Bridgid has spent the last two decades in some part of the interior and architectural design process. She started the development arm simply to understand how to design and build a home. Her approach is a methodical, artistic process during which she contemplates every step of the journey as it develops both internally and externally.

Los Angeles Times article, click HERE

TMZ story, click HERE

Daily Mail UK, click HERE

Curbed report, click HERE

The Real Deal LA story, click HERE

Realtor.com, click HERE

Page Six magazine, click HERE

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Rodeo Realty’s President Syd Leibovitch featured on Luxury Real Estate website

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Rodeo Realty’s President Syd Leibovitch is being featured on the premiere luxury homes search site, LuxuryRealEstate.com. The site is known for providing access to fine international estates and property listings.

Leibovitch is a featured professional on the main page of the site. The recognized website lists his certificates and also gives a description about him.

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“He is a popular expert witness and reliable source consulted by the media for his expertise as a qualified leader in the real estate and mortgage industries,” said the Who’s Who in Luxury Real Estate brand.

The site also featured four other professionals alongside Leibovitch.

To view Leibovitch’s profile, click HERE

To visit LuxuryRealEstate.com, click HERE