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Twitter...from a snitchy real estate canary in Beverly Hills—let's call her Mercedes Benz—that billionaire multi-media mogul Oprah Winfrey recently and very quietly shelled out somewhere in the neighborhood of $14,000,000 for a spacious Platinum Triangle pied-à-terre condo atop the swanky five star Montage Beverly Hills hotel and residences. Fourteen million may sound to some like a lot of dinero for a condo in downtown Beverly Hills—and it is—but the skeptics amongst us might keep in mind that philanthropic...
Monday, December 31, 2012
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Mortgage bonds improved last week, pushing mortgage rates lower in WA and nationwide. Positive economic news and strong housing data was trumped by ongoing Fiscal Cliff discussions on Capitol Hill. The "Fiscal Cliff" is meant to represent January 1, 2013 -- the date on which mandatory spending cuts are enacted by Congress and on which tax rates increases for many U.S. taxpayers. Some analysts believe...
Saturday, December 29, 2012
10:22 AM
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SELLER: David and Martha HamamotoBUYER: Frank McCourtLOCATION: New York City, NYPRICE: $50,000,000SIZE: around 5,000 square feet, 4 bedrooms, 4.5 bathroomsYOUR MAMAS NOTES: After a very difficult couple of days with the inner workings our our internet service—those people at Time Warner make Your Mama want to hurt somebody with our delicate and pudgy bare hands—and yesterday's slow slog through the...
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Q and A with Francisco Beltran and Angel Betancourt by Beth HermanVery much a family affair, the revered late 1980's-era Woodley Park Lebanese Taverna, 2641 Connecticut Avenue NW, is one of six restaurants, four cafe's and a market in the industrious Abi-Najm kin's epicurean gallery. Undergoing a complete demolition, Principal Francisco Beltran of Design Republica and project manager Angel Betancourt...
Friday, December 28, 2012
3:57 PM
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BUYER: Faye Resnick and Everett Jack Jr.LOCATION: Los Angeles, CAPRICE: $1,605,000SIZE: 2,567 square feet, 3 bedrooms, 3.5 bathroomsYOUR MAMAS NOTES: We know some of the more high fallutin' children are gonna fuss and holler about how Your Mama ought to discuss some of the more high brow real estate activities of late such as how Tinseltown executive Michael Eisner just dropped $8,200,000 to snatch...
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We would like to wrap up the year by saying thank you to all of our friends, families, clients, followers and supporters. We would truly be nothing without you. SI Real Estate is honored to represent you through your real estate transactions in the past, present and future. 2012 has treated the real estate industry quite nicely and we hope that next year sees similar, if not more improvements to the...
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Parcel N at The Yards. Image: Robert A.M. SternNew renderings have been released of "Parcel N," one of two new apartment buildings planned for Forest City Washington's The Yards mega-development in DC's Capitol Riverfront neighborhood.Robert A.M. Stern is the primary design architect on the "Parcel N" project, WDG is the architect of record. Planning for the building is still in the design...
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If you enjoy both history and fixing things, then you may have trouble driving by historic homes for sale in Seattle without feeling the urge to buy and fix one up. Before you do, however, you should know the three R's of fixing historic homes -- Restoration, Renovation, and Repair. Restoration "Restoration" is the process of returning a home to its original state. Restoring historic homes often...
1:13 AM
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The awesome penthouse of a breathtaking boutique building, this unit is like a plum-sized diamond crazy-glued to the top of a grapefruit-sized ruby. A two-level masterpiece of a condo, this place has ceilings that are super high (insert your own "legalized marijuana" joke here), immaculate hardwood floors (if I ever become a male stripper, Immaculate Hardwood is going to be my stage name), and...
Thursday, December 27, 2012
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Some healthcare providers are making large capital investments in their facilities. Here are some articles that evidence this:For plenty of good news from Kentucky, see Hospital Boom Continues in Kentucky at http://www.lanereport.com/10881/2012/09/hospital-boom-continues/. For some good news from Florida, see Florida Hospital to announce $270 millions plan for three women’s health towers at http://articles.orlandosentinel.com/2012-09-18/health/os-florida-hospital-womens-health-20120917_1_orlando-health-towers-capital-investment....
9:50 AM
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BUYER: Lisa LampanelliLOCATION: Fairfield, CTPRICE: $2,399,000SIZE: 3,897 square feet, 3 bedrooms, 3.5 bathroomsYOUR MAMAS NOTES: We are still inundated—swamped really—with merry-making holiday house guests but Your Mama is gonna try to hole up in a quiet corner of the garage and try to top out a quick little celebrity real estate ditty this morning... Thanks to The Bizzy Boys at Celebrity Address...
8:40 AM
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As 2012 comes to an end, it's time to look back over what I accomplished in the year with regards to my real estate investments.I made a total of 5 hard money loans over the course of the year. Four of those are still active. None were delinquent and none defaulted. The investment in the apartment complex gave me a bit of worry for a couple months, but in the end, it appears to have regained its footing. I did not invest any more money when management made the cash call in February. On the other...
6:06 AM
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The U.S. housing market continues to make home price gains. Earlier this week, the S&P/Case-Shiller Index showed home prices gaining 4.3 percent during the 12-month period ending October 2012, marking the largest one-year gain in home prices since May 2010. The Case-Shiller Index measures changes in home prices by tracking same-home sales throughout 20 housing markets nationwide; and the change...
Wednesday, December 26, 2012
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Listen children, Your Mama has a houseful of family—we got Mama and Sister Cooter, Your Mama's Momma, Sister Woman and her brood, Auntie and Cuzzin Will and more—so we're beyond swamped not to mentioned exhausted and sotted with gin.However, rather than leave y'all high and dry here are a few linds some stories for the celebrity gossip blogosphere:The seemingly sleepless kids at Curbed have a worthwhile run down of some of the best celebrity owned homes that appeared this year in the glossy pages...
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A simple way to save money is to improve your home's energy efficiency rating. For example, Kent homeowners can save up to 9 percent per year on water heating costs simply by installing a water heater jacket. Water heater jackets are easy to install. Here's how you do it : First, before you go shopping, check whether your water heater is a gas model, or an electric one. Then, write down your...
Monday, December 24, 2012
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...from two trusted and well connected sources deep inside the Platinum Triangle real estate game that there's a big deal—and we mean BIG—about to go down in Malibu.According to both Cinnamon Stick and Little Boy Blue, bespectacled billionaire money manager Howard Marks and his very social and philanthropic wife Nancy are thisclose to inking a record-breaking deal to sell their monumental ocean front...
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Mortgage markets worsened last week amid ongoing discussions budget and tax conversations in Washington, D.C., and the release of key housing and economic data. Mortgage rates climbed in WA and nationwide. Freddie Mac reported the average 30-year fixed rate mortgage rate at 3.37 percent nationwide for borrowers willing to pay an accompanying 0.7 discount points at closing, plus closing costs -- an...
Saturday, December 22, 2012
3:10 PM
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2011 has been often referred to as the “Year of the REIT” – but 2012 looks to be even more REIT-tastic than 2011. REIT capital raised only halfway through 2012 totaled more than 65% of the capital raised in all of 2011; and when one looks at just healthcare REITs, that percentage jumps significantly to 80%. What's the healthcare REIT secret? “Looking at a wide variety of metrics, healthcare REITs are the top income-producing property type and produced current average...
2:45 PM
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Given the intense weather of late, I wanted to share this item. Pee Dee Nephrology, in Florence, SC, is the first medical office building in the nation to earn the Fortified for Safer Business Designation. The building is designed to resist property damage caused by hurricanes, high winds, earthquakes, wildfires, lightning and hail. Read more at http://www.usgnn.com/newsDesignation2012111.htm and http://www.midlandsconnect.com/news/story.aspx?id=8200...
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If you have trouble viewing or submitting this form, you can fill it out online: https://docs.google.com/spreadsheet/viewform?fromEmail=true&formkey=dHpsOEZJUWVZbEpXQzlEN0FaTTRoMmc6MQ Gary McNinch's Preferred Client List Update We appreciate all of our great clients, co-agents, and friends. We are honored that you have sent us so many referrals of your family, friends, and coworkers. In anticipation of launching our new and improved home search and real estate website, www.RentonHomeFinder.com,...
Friday, December 21, 2012
2:02 PM
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BUYER: RihannaLOCATION: Pacific Palisades, CAPRICE: $12,000,000SIZE: 11,000 square feet, 7 bedrooms, 9 bathroomsYOUR MAMAS NOTES: We know every other celebrity property gossip already discussed it days ago but in case any of y'all somehow missed it, Rihanna (allegedly) dropped $12,000,000 on a gated, privately situated and aggressively contemporary mansion in the Pacific Palisades area of Los Angeles.Property...
12:22 PM
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BUYER: Mistress of the DarkLOCATION: Los Angeles, CAPRICE: $925,000SIZE: (approx.) 2,005 square feet total with 2 bedrooms and 2 bathroomsFirst came word that Jessica Simpson (allegedly) made an offer to buy the not very scary Hidden Hills mansion of rock-n-roll's Prince of Darkness—that would be Ozzy Osbourne—and now comes word via the long legged blond at Trulia Luxe Living that the equally macabre...
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