Saturday, March 23, 2013
Friday, March 22, 2013
I am thrilled and honored to be one of the speakers at the 2013 AREAA Global Summit in Honolulu next month.
I am thrilled and honored to be one of the speakers at the 2013 AREAA Global Summit in Honolulu next month.
There is still time to register so click the link if you want to attend.
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Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
The World's Most Expensive Cities For Luxury Real Estate - Forbes
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3/22/2013 @ 8:09AM |1,441 views
The World's Most Expensive Cities For Luxury Real Estate
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The World's Most Expensive Billionaire Cities
1. Hong Kong, China
Average price per square foot: 7,200 pounds (about $11,000)
Average property size: 5,200 sq. ft.
Billionaires have been on a real estate buying spree. Stateside, they’ve broken records on huge home purchases in every major housing market from Woodside to Malibu to Aspen to Chicago to Miami to New York. And internationally, massive sales in London, Singapore and Hong Kong have garnered worldwide attention.
“Global billionaire activity in world real estate markets has been so intense over the last seven years that it has led to a doubling of property values in this sector,” says Savills, a global real estate firm, in its annual World Cities Review report. The report found that major cities’ super luxury housing markets, referred to as ‘billionaire markets’, have grown at a much faster clip than mainstream markets of the same cities. The largest value increases have been clocked in China and Asia, thanks to the emergence of new wealthy classes and rising commodity prices.
Hong Kong Unveils Feeble Plan To Tamp Down World's Highest Property Prices
Robert Olsen Forbes Staff
The city peddling the most expensive luxury real estate on the planet is Hong Kong. Luxury housing on the Chinese island territory averaged £7,200 per square foot, or nearly $11,000 per square foot, in 2012. The average property size of a local “billionaire property” on the island is 5,200 square feet, making the average luxury home valued at more than $57 million. The record for the city’s most expensive deal is held by a house on Deep Water Bay Road that fetched £8,200 (or about $13,000 at the time of sale) per square foot in 2011.
The second priciest place for high-end homes is actually another Asian city: Tokyo. Average home size in Japan‘s capital city is an expansive 16,000 square feet, for an average £5,000 (or $7,600) per square foot. In other words an opulent mansion-sized home in Tokyo totes a market value of $121.6 million.
London, where a terraced house recently traded for close to $120 million, ranked third on Savills’ list, with an average price per square foot of £3,500 (or about $5,300). The average billionaire abode, averaging 7,900 square feet, costs $42 million.
Home prices have ballooned 107% in London’s ultra-prime market since 2005, despite the global economic downturn. In general, though, price appreciation has been the most dramatic in emerging markets like Singapore and Mumbai, where prices have surged 232% and 176% respectively since 2005. Their dramatic upticks are due in large part to the fact that both grew from relatively low base values.
Interestingly, New York City’s super luxury market, despite large ticket purchases like Ekaterina Rybolovleva’s $88 million 15 Central Park West penthouse and Steve Wynn’s $70 million Ritz Carlton penthouse, only ranked 6th on Savills list, behind Paris (No. 4) and Moscow (No. 5). Average price per square foot in the Big Apple was £2,700 (or about $4,100) in 2012. Still, that’s 47% higher than the sales prices commanded during the 2005 heights of the U.S. housing bubble.
“Billionaire activity has been concentrated on high-end urban centers rather than leisure properties in the surrounding countryside or regional sunbelts,” says Yolande Barnes, head of world research at Savills. ”This reflects a global preference for urban locations as these billionaires need to be located in cities where they can do business.”
Despite last year’s robust billionaire buying activity — or rather, because of it –Savills believes the world’s most expensive markets could experience a slowdown in sales this year, since ultra wealthy home buyers have “nearly fully invested in key cities”. It means the frenzied sales activity that has invaded so-called safe-haven cities like New York, London and Hong Kong could begin shifting to new locations.
Another factor that will affect billionaire sales: governmental policies geared targeting the ultra wealthy. Hong Kong, for example, has introduced home loan curbs and higher stamp duties for foreign buyers. In France lofty tax hikes have already been curbing high-end activity and suppressing prices, according to Savills. Prices in Paris ended 2012 down 8%, while prices in the French Riviera were down 10%.
Investment motivations are changing as well. Rather than simply buy a pied-a-terre in an enviable locale by which to park money as a long-term investment, more wealthy buyers are snapping up properties that they can rent out as income-producing assets. Stateside, brokers have been catering to this trend since last year, with South Americans becoming landlords in Miami and Asians becoming landlords in New York.
The luxury firm also notes that the profile of foreign buyer may change as well, with more buying harking from Malaysia, Indonesia and the Philippines rather than China, India and Singapore.
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Ricardo Geromel 
Morgan Brennan 
via forbes.com
The World's Most Expensive Cities For Luxury Real Estate - Forbes
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
Trends in Luxury Spending
Trends in Luxury Spending
With an asking price of $48 million, this New York City penthouse is among the Big Apple’s priciest listings and captures sweeping views of the city.
If you’re out shopping for luxury goods, you may be searching specifically for jewelry and other customized items that are “Made in America.” After all, that’s a big trend in luxury spending right now: Some 65 percent of high-end shoppers prefer to buy American, according to a study conducted by American Express Publishing and Harrison Group. Here’s what else is hot in luxury spending this year:
Pricey real estate
Luxury high-end properties — $50 million, $60 million and up! — are being snatched up by some of the world’s biggest spenders. And an analysis from Zillow shows that some of the nation’s priciest markets are seeing some of the biggest gains in home values. Look no further than the San Jose real estate market, home to Apple, Google, Facebook, Yahoo! and other tech companies, where values rose nearly 17 percent last year. Not bad, particularly when you consider that the “normal” rate of appreciation is just 2 to 4 percent.
Luxury cars
There’s lots of momentum in the luxury car market. In fact, things are going so well for Rolls-Royce that it introduced a new model, the Wraith, at this year’s Geneva Motor Show. Rolls-Royce calls the car “the most dynamic, powerful and beautiful Rolls-Royce in the company’s history.”
Travel
Customized, private tours are hot. Travel experts say that high net worth individuals are looking to take adventurous, authentic, cultural vacations with the kids — journeys of “discovery,” if you will — to places such as Bangkok, Cambodia, New Zealand, Morocco and others.
Pampering
Spas are taking nutrition from the table to the treatment room, according to beauty expert Celeste Hilling, CEO and founder of Skin Authority. “Inside-out beauty marries nutrition, spa and skin care. A cornucopia of skin care and nutrition goodness is centered around Vitamin A, C, D and omega fatty acids.”
Adds Lynne McNees, president of the International SPA Association: “Sourcing organic, local foods and incorporating them into treatments, delivering nutrient-rich, solid results, is one of the biggest trends we’re seeing in the spa industry right now.”
Related:
- Spring Cleaning for Your Finances
- What’s In and What’s Out — Financially —This Year?
- Bundle Services to Save Big
Vera Gibbons is a financial journalist based in New York City and is a contributor to Zillow Blog. Connect with her at http://veragibbons.com/.
Note: The views and opinions expressed in this article are those of the author and do not necessarily reflect the opinion or position of Zillow.
via zillowblog.com
Trends in Luxury Spending
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
Good morning Beverly Hills.
Good morning Beverly Hills. 
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
Thursday, March 21, 2013
Sharon and Ozzy Osbourne sell Hidden Hills manse for $11.5 million - latimes.com
Sharon and Ozzy Osbourne sell Hidden Hills manse for $11.5 million
Ozzy and Sharon Osbourne, who bought near the top of the market in 2007, sell their Hidden Hills home at a loss. (Realtor.com)
Photos: Bob Hope's John Lautner house for sale at $50 million
Photos: Celebrity homes: Young stars heat up California real estate
Hot Property Archives: 2012
Patricia Heaton in 'The Middle' of home sale in Hancock Park
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The price Sharon and Ozzy Osbourne got for their Hidden Hills estate has finally made its way into the public record. The couple sold for $11.5 million.
The Cape Cod-inspired mansion, built in 2001, sits on a 2.5-acre promontory off a cul-de-sac in the gated community. It features a paneled study with fireplace, a home theater and studio area, six en suite bedrooms and a guest apartment with kitchenette. The family room of the 11,000-square-foot home has sliding barn doors and a reclaimed brick fireplace.
The grounds include a swimming pool, spa and a barbecue island. A bathroom by the pool raises the total number of baths to 10.
Sharon Osbourne, 60, is a co-host on “The Talk” (2010-present) and has been a judge on “America's Got Talent” and “The X Factor.” She also is the manager of Ozzy Osbourne, 64, who made his mark as the lead singer of Black Sabbath. The pioneering heavy metal group will tour in Australia in April.
The property came on the market in 2011 at $12.999 million and was also listed for lease at $50,000 a month. The couple paid $12,388,500 for the estate in 2007, public records show.
via latimes.com
Sharon and Ozzy Osbourne sell Hidden Hills manse for $11.5 million - latimes.com
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
Wednesday, March 20, 2013
Save up to 50% at LA's best museums. Discover the Arts | Discover Los Angeles
March 18 - April 26
Discover the Arts
Annenberg Space for Photography
20% off Merchandise at Annenberg Space for Photography Skylight Studios
Westside, Museums
WAR/PHOTOGRAPHY: Images of Armed Conflict and Its Aftermath opens on March 23. The exhibit includes images from 1887 through present-day and was originally organized by The Museum of Fine Arts, Houston. Specific to the Annenberg Space for Photography.
Special Deals
Annenberg Space for Photography
20% off Merchandise at Annenberg Space for Photography Skylight Studios
WAR/PHOTOGRAPHY: Images of Armed Conflict and Its Aftermath opens on March 23. The exhibit includes images from 1887 through present-day and was originally organized by The Museum of Fine Arts, Houston. Specific to the Annenberg Space for Photography.
- Address:
- 2000 Avenue of the Stars Los Angeles , CA 90067
- Phone:
- 1 (213) 403-3000
Promotion begins March 23, when WAR/PHOTOGRAPHY opens to the public. NO PROMO CODE NEEDED.
Aquarium of the Pacific
Receive $4 off Adult Admission and $2 off Child Admission
Neighboring Regions, Museums
Touch sharks, feed lorikeet birds, and discover more than 11,000 animals at the world's largest ocean at the Aquarium of the Pacific. It is also a perfect time to check out our newest exhibit, the June Keyes Penguin Habitat.
Special Deals
Aquarium of the Pacific
Receive $4 off Adult Admission and $2 off Child Admission
Touch sharks, feed lorikeet birds, and discover more than 11,000 animals at the world's largest ocean at the Aquarium of the Pacific. It is also a perfect time to check out our newest exhibit, the June Keyes Penguin Habitat.
- Address:
- 100 Aquarium Way Long Beach , CA 90802
- Phone:
- 1 (562) 590-3100
Limit four discounts. Not applicable with any other offers, including online offers or pre-purchased tickets. No cash value. Aquarium closed 4/19-4/21. Valid through 4/27/13. PROMO CODE: P-WFW4.
Art Muse Los Angeles
Two for One. Buy one Tour, Get one Free.
Westside, Museums
To celebrate Discover the Arts in LA, we are offering two exclusive tours, the Early Bird Special and Moonlighting in the Museum. Each allows you to take a tour at a time when you'll have an LA museum practically to yourself. Enjoy the art in the morning or the evening in the company of your personal lecturer. And conclude your tour with a little treat on us, either coffee and conversation in the morning or a glass of wine in the evening.
Special Deals
Art Muse Los Angeles
Two for One. Buy one Tour, Get one Free.
To celebrate Discover the Arts in LA, we are offering two exclusive tours, the Early Bird Special and Moonlighting in the Museum. Each allows you to take a tour at a time when you'll have an LA museum practically to yourself. Enjoy the art in the morning or the evening in the company of your personal lecturer. And conclude your tour with a little treat on us, either coffee and conversation in the morning or a glass of wine in the evening.
- Address:
- 1944 Glendon Ave., #307 Los Angeles , CA 90025
- Phone:
- (773) 350-9094
Excludes March 30 and 31, 2013. NO PROMO CODE NEEDED.
Autry National Center
BUY ONE ADULT ADMISSION, GET ONE FREE ADMISSION
Hollywood, Museums
Explore the diverse histories and cultures of the American West every day! On display in the Autry's galleries are significant baskets, beadwork, textiles, and other American Indian objects; depictions of the American West through the works of famous nineteenth- and twentieth-century artists and entertainers; artifacts used during the gold rush era; firearms, saddles, cowboy tools, and more.
Special Deals
Autry National Center
BUY ONE ADULT ADMISSION, GET ONE FREE ADMISSION
Explore the diverse histories and cultures of the American West every day! On display in the Autry's galleries are significant baskets, beadwork, textiles, and other American Indian objects; depictions of the American West through the works of famous nineteenth- and twentieth-century artists and entertainers; artifacts used during the gold rush era; firearms, saddles, cowboy tools, and more.
- Address:
- 4700 Western Heritage Way Los Angeles , CA 90027
- Phone:
- 1 (323) 667-2000
NO PROMO CODE NEEDED.
California African American Museum
20% off Family Level membership, which provides additional merchandise discounts.
Downtown / LA Metro, Museums
EXHIBITIONS: "GO TELL IT ON THE MOUNTAIN" through April 7th. "AFRICAN AMERICAN MILITARY PORTRAITS FROM THE AMERICAN CIVIL WAR" through April 14. "COLORING AMERICA: Selections from the California African American Museum's Permanent History Collection" through March 24, 2013. Events at CAAM are always free to the public.
Special Deals
California African American Museum
20% off Family Level membership, which provides additional merchandise discounts.
EXHIBITIONS: "GO TELL IT ON THE MOUNTAIN" through April 7th. "AFRICAN AMERICAN MILITARY PORTRAITS FROM THE AMERICAN CIVIL WAR" through April 14. "COLORING AMERICA: Selections from the California African American Museum's Permanent History Collection" through March 24, 2013. Events at CAAM are always free to the public.
- Address:
- 600 State Dr. Los Angeles , CA 90037
- Phone:
- 1 (213) 744-7432
PROMO CODE: WELCOME2CAAM
Center for the Art of Performance at UCLA
25% percent off tickets to select shows
Westside, Theatre
CAP UCLA is offering 25% off discount to the following shows at Royce Hall: April 7: Trisha Brown Dance Retrospective Program B; April 17: Allen Ginsberg's Kaddish: A Hal Willner Project; April 26: Medeski Martin & Wood: Acoustic and Electric.
Special Deals
Center for the Art of Performance at UCLA
25% percent off tickets to select shows
CAP UCLA is offering 25% off discount to the following shows at Royce Hall: April 7: Trisha Brown Dance Retrospective Program B; April 17: Allen Ginsberg's Kaddish: A Hal Willner Project; April 26: Medeski Martin & Wood: Acoustic and Electric.
More information online:
Click Here
- Address:
- B100 Royce Hall, Box 951529 Los Angeles , CA 90095
- Phone:
- (310) 825-2101
While supplies last. Cannot combine with any other offers. Promo Code: LAArts.
Center Theatre Group
HOTTIX - Tickets start at just $20!
Downtown / LA Metro, Theatre
End of the Rainbow March 12 - April 21, 2013.
Special Deals
Center Theatre Group
HOTTIX - Tickets start at just $20!
End of the Rainbow March 12 - April 21, 2013.
- Address:
- 601 W. Temple St. Los Angeles , CA 90012
- Phone:
- 1 (213) 628-2772
Call 213-628-2772. Subject to availability. Not valid on previously purchased tickets. Cannot be combined with other discount offers. NO PROMO CODE NEEDED.
Craft and Folk Art Museum
BUY ONE ADULT ADMISSION, GET ONE FREE ADMISSION
Westside, Museums
On View at the Craft and Folk Art Museum through May 5, 2013-"Social Fabric" and "Scratching the Surface: Contemporary Wood Sculpture". In collaboration with "Social Fabric", we will also be featuring a sewing workshop on how to construct a shirtwaist blouse with artist Frau Fiber on Saturday, March 23rd. The workshop demonstration is free and open to the public. Date: Saturday, March 23rd from 10:00am-5:30pm Location: La Casa Del Mariachi-1836 E 1st St, Los Angeles, CA 90033.
Special Deals
Craft and Folk Art Museum
BUY ONE ADULT ADMISSION, GET ONE FREE ADMISSION
On View at the Craft and Folk Art Museum through May 5, 2013-"Social Fabric" and "Scratching the Surface: Contemporary Wood Sculpture". In collaboration with "Social Fabric", we will also be featuring a sewing workshop on how to construct a shirtwaist blouse with artist Frau Fiber on Saturday, March 23rd. The workshop demonstration is free and open to the public. Date: Saturday, March 23rd from 10:00am-5:30pm Location: La Casa Del Mariachi-1836 E 1st St, Los Angeles, CA 90033.
- Address:
- 5814 Wilshire Blvd. Los Angeles , CA 90036
- Phone:
- 1 (323) 937-4230
During regular museum hours
Fowler Museum at UCLA
20% off selected books in the Fowler Museum Store
Westside, Museums
Resplendent Dress from Southeastern Europe: A History in Layers March 10-July 14, 2013. Spomenik: Photographs of the Monuments of Former Yugoslavia by Jan Kempenaers March 17-August 11, 2013. Ernest Cole Photographer April 7-July 7, 2013.
Special Deals
Fowler Museum at UCLA
20% off selected books in the Fowler Museum Store
Resplendent Dress from Southeastern Europe: A History in Layers March 10-July 14, 2013. Spomenik: Photographs of the Monuments of Former Yugoslavia by Jan Kempenaers March 17-August 11, 2013. Ernest Cole Photographer April 7-July 7, 2013.
- Address:
- North Campus, UCLA Los Angeles , CA 90095
- Phone:
- 1 (310) 825-4361
NO PROMO CODE NEEDED.
Getty Center
20% discount at Getty Center and Getty Villa Museum Store.
Westside, Museums
Johannes Vermeer, Woman in Blue Reading a Letter One of Johannes Vermeer's most exquisitely nuanced paintings, Woman in Blue Reading a Letter (about 1663-64), is on view at the Getty Center as a special loan from Amsterdam's Rijksmuseum.
Special Deals
Getty Center
20% discount at Getty Center and Getty Villa Museum Store.
Johannes Vermeer, Woman in Blue Reading a Letter One of Johannes Vermeer's most exquisitely nuanced paintings, Woman in Blue Reading a Letter (about 1663-64), is on view at the Getty Center as a special loan from Amsterdam's Rijksmuseum.
- Address:
- 1200 Getty Center Dr. Los Angeles , CA 90049
- Phone:
- 1 (310) 440-7300
NO PROMO CODE NEEDED.Pages
Save up to 50% at LA's best museums. Discover the Arts | Discover Los Angeles
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
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