Wednesday, January 23, 2013

SELLER: Ethan Hawke
LOCATION: New York City, NY
PRICE: $6,250,000
SIZE: 3,500 square feet (approx.), 6 bedrooms and 4.5 bathrooms (total in two units)

YOUR MAMAS NOTES: Listen chickens, Your Mama is in dental hell so we just have a few minutes today to drop a nice celebrity real estate morsel in the form of a two-family New York City townhouse recently pushed on the open market with an asking price of $6,250,000 and owned, according to property records, by scruffy-faced Oscar-nominated actor and writer Ethan Hawke (Training Day, Gattaca, Dead Poet's Society, New York, I Love You).

Texas-born and New Jersey-raised Mister Hawke is a scruffy-faced movie star more than anything else but he once said, according to the Internet Movie Data Base, that "most people are good at more things than the world gives them the opportunity to do" and he himself refuses to be hemmed in by his movie star status in good standing. Not only is one of his two Academy Award nominations for best adapted screenplay (Before Sunset) he's also written a couple of novels (The Hottest State and Ash Wednesday) and earned a Tony nomination for his spin across the boards in the star-studded Tom Stoppard-written play The Coast of Utopia.

Along the way he married, made two children with and divorced arty-farty Oscar-nominated actress Uma Thurman and subsequently made two more children with his current wife Ryan who, scandalously, once worked as a nanny for Mister Hawke and Miz Thurman.

Property records show that Mister Hawke acquired his fairly non-descript four-floor townhouse in the heart of Manhattan's art gallery filled Chelsea district in April 2005 for an even-steven $3,000,000. The 21-foot wide townhouse, located just around the corner from the perennially-popular Billy's Bakery on Ninth Avenue, contains two units with a total of six bedrooms and 4.5 bathrooms, according to listing information and the floor plan included with online marketing materials.

The well-organized ground floor apartment has a private entrance, a 14-foot(ish) square living room with wood burning fireplace surmounted by a large flat screen t.v., a compact but efficient U-shaped kitchen, two small bedrooms, one (windowless) bathroom and two surprisingly large walk-in closets. One of the bedrooms opens directly to a terrace and deep garden that—unfortunately—is in full view of a large apartment building to the north.

The triplex owners unit is entered on the parlor floor through a private entry and stair hall with a half bathroom that is both convenient and perfectly located for privacy. Double pocket doors connect through to the main living area that includes a south-facing living room with fireplace (that may or may not be in working order) and a built-in bookshelf lacquered a deep grass green and filled with actual books. The day-core is quite colorful, multi-patterned and suitably actor-bohemian with a funky patchwork rug on top of what looks to be original wood floors, an upright piano and a fairly spare collection of comfortably mis-matched upholstered pieces.

The well-worn but nicely preserved wood floors in the living room extend into the retro-modern kitchen that includes sunshine yellow cabinetry, white subway tile back splash, and high-grade appliances including a funky Old-Timey tomato red refrigerator. In addition to a built-in breakfast banquette in the kitchen area there's a small dining room at the rear of the parlor floor with a giant casement-style window that looks out over the back garden and a door that opens to a small balcony and stairs that lead down to the lower level garden area.

Up on the second floor there are three bedrooms—one quite large the other too somewhat small—that share a pair of hall bathrooms the sit on either side of a laundry room. The master suite consumes the entire top floor with an L-shaped bedroom painted royal blue, a small adjoining den/dressing room, a couple of small clothes closets, a vintage style bathroom with claw-footed tub—and towel heating rack—and a good-sized north-facing private terrace.

At one point Mister Hawke owned a small private island with a couple of small cottages in Nova Scotia that he bought when married to Uma Thurman but to be honest, children, we're not sure if he/they still own it or not.

exterior photo: Nicholas Strini for Property Shark
listing photos: Corcoran

Golf course communitiesIt's January, but home sales in golf communities remain strong like in the rest of the country.

If you're looking to buy a home in a golf course community, either as a primary residence or as a vacation or retirement home, there are additional home traits which make buying on a golf course different from buying a typical Renton single-family residence.

Here is a quick primer of home characteristics to consider when buying in a golf community.

Land Plot 
When looking at homes within a golf course community, be aware of its location with respect to the community entrance. Homes nearest to the entrance will receive the most drive-by traffic and may be slightly more noisy that a home which is situated far from the entrance. However, homes close to the entrance will also be more navigable for visitors.

Security
How security-conscious is the community? Golf course communities tend to be gated communities but each will have varying levels of security. Some will have 24-hour gatepersons to manage and monitor traffic into the community. Others will use a pass-key system. Determine what's most important to you.

Proximity To Golf Course
Consider the physical location of the home relative to the golf course(s). Homes which are situated near tee boxes are less likely to be struck by errant golf shots, but may be louder because of chatty players. Homes off the golf course are typically free of all such hazard.

Amenities
Many golf communities feature amenities such as swimming pools, exercise facilities, and clubhouses. Some have tennis courts and other recreational outlets. Do these services require extra fees? Is there a mandatory membership cost, with minimum monthly purchase levels? Be sure to ask.

Association Dues And Restrictions
As with most planned community/association, golf communities typically require annual or monthly membership dues; and publish a list of rules by which homeowners must abide. For example, home improvements may be restricted by the rules of the community. Before buying, review the association by-laws carefully.

Golf course communities are a terrific way for golf enthusiasts play (nearly) year-round, and can provide a terrific lifestyle even beyond the golf game. If you plan to buy in a golf community, use the tips above to help with your research.

Then, when you're ready, talk to a real estate professional for help with your purchase.

Tuesday, January 22, 2013

If you’re a player in the healthcare real estate arena, then you have to love hearing about a developer getting “bombarded with inquiries” from potential healthcare tenants after announcing a second phase of a medical and retail development.  To read about this, the “hub and spoke” model that we hear so much about in healthcare real estate, expectations of a continued growing market for certain healthcare real estate, and how that good old fashioned adage “location, location, location” seems to still ring true, go to http://www.nashvilleledger.com/editorial/Article.aspx?id=61845.
...from prolific informant Yolanda Yakketyak that seventh season American Idol winner David Cook sold his house in L.A.'s historic and still boho-chic Beachwood Canyon 'hood last December for $1,365,000 to the strapping, 6-foot-four-inch tall Welsh-born actor Owain Yeoman.

The well-educated, classically-trained and recently engaged Mister Yeoman currently stars in The Mentalist and previously appeared on the boob-toob programs Generation Kill, The Nine and Kitchen Confidential.

Your Mama and just about every other celebrity property gossip dissed and discussed the 3,071 square foot, three story hillside residence in the shadow of the famed Hollywood sign with its professionally designed recording studio back in March 2012 when Mister Cook listed it with an asking price of $1,495,000.





BUYER: Lindsey Buckingham
LOCATION: Los Angeles (Brentwood), CA
PRICE: $5,800,000
SIZE: 2,958 square feet, 5 bedrooms, 3 bathrooms

YOUR MAMAS NOTES: Looks like former Fleetwood Mac front man Lindsey Buckingham might be downsizing in Tinseltown. Although the Grammy winning singer and guitar-picking legend owns a fairly grand and gated estate with an 8,000-plus square foot main mansion in the Brentwood area of Los Angeles that he picked up in late 2004 for $6,600,000,000, according to both Yolanda Yakketyyak and at least one property record data base Your Mama consulted the sixty-something year old rock-n-roll veteran recently scooped up another but much smaller new house just 1.2 miles away for $5,800,000.*

Listing information shows the .82 acre spread sits desirably on a picturesque and prime, star-lined north of Sunset Boulevard street in the Brentwood section of Los Angeles. Some of the other high-profile residents of the narrow, tree-lined street include Maria Shriver, Betty White, Ricky Lake and Arianna Huffington. Way back in 2008 Spiderman actor Tobey Maguire and his jewelry designer wife Jennifer Meyer Maguire dropped ten million big ones on a vacant lot that—as far as Your Mama knows—remains vacant and unimproved.

Anyhoo, the existing residence acquired by Mister Buckingham and his long-time wife Kristen is described in marketing materials as a five bedroom and three bathroom 1920s Spanish with just 2,958 square feet. The house must be a little down on its heels since no interior photos were used in the marketing of the property and listing information billed it as a "rare opportunity to build a magnificent estate." In case some of the children aren't able to interpret that, it's real estate speak for "this old girl is a tear down."**

The existing residence sits well and privately back from the street up a long gently curving driveway that passes under a somewhat graceless porte-cochère at the side of the house before it wraps tightly around to a small motor court at the rear of the residence where there appears to be a detached two car garage.

Beyond the house and garage there are a series of outdoor rooms defined by mature hedges and shrubbery, low red-brick walls and rows of probably near-ancient rose bushes. A classic, kidney-shaped swimming pool is sent into a flat grass pad and if we were the wagering type—and we're not—we'd bet both our long-bodied bitches, Linda and Beverly, that the Buckingham's plan to replace that pool with something more modern and with a built-in spa situation. But then again, what do we know? Nuthin', that's what.

As far as Your Mama's entirely unscientific research reveals, the Buckingham's current residence just over a mile away—a great big turreted affair on 1.16 acres and built in 2007 with six bedrooms, nine bathrooms, a swimming pool and a tennis court according to the L.A. Tax Man—is not on the open market.

*As it turns out, this isn't the first time Mister Buckingham has downsized his real estate circumstances in Los Angeles. In June 2005 he sold a 1.25 acre estate in a particularly posh section of Bel Air—directly across the street from Jennifer Anniston's current crib—for $19,500,000 to a non-celebrity but clearly very rich couple.

**Your Mama has no idea what plans Mister and Missus Buckingham may or may not have for this property. For all we know they plan to restore the house to its original, modestly scaled 1920s glory.

listing photos: Prudential California

Shovel snow on the walkwaysReal estate agents in |**CITY**| will tell you that it can be harder to sell a home in the winter. The days are colder and shorter, leaving less time to show a home to potential buyers.

The good news, though, is that most buyers looking at houses in the winter aren't just killing time. They're serious enough about finding a new home to house hunt at a time when most people might rather stay inside.

There are a several steps you can take to make a good impression on home buyers this winter.

First, if there's snow or ice on the ground, make sure walkways are safe. Spread out ice melt or sand to provide traction during snowy weather. Shovel the snow on the driveway and sidewalks to make your home more inviting. Be sure to place a mat on which for visitors to wipe their feet.

Second, warm up the house. Buyers will remember the house that was pleasantly warm on a frigid day. This also demonstrates to buyers that your furnace is in good working order.

Next, to make a "welcoming scent", bake cookies the day of the showing. Some people are sensitive to the fragrances in air fresheners and perfumes, so skip spraying those when expecting someone to look at your house.

You can also serve snacks in the kitchen. Give the buyer a reason to linger in your home by leaving a light snack in the kitchen. If the weather is cold, consider providing chili or soup in a crock-pot to keep it warm with festive disposable bowls. Or, to keep it simple, you can provide coffee or hot chocolate and cookies.

Lastly, to make your house appear warm and inviting during cold winter months, turn all the lights in the house on; place warm-toned throws and decorator pillows around the living room. Play soothing classical or jazz music; keep the volume low enough that buyers can talk quietly to each other.

These techniques each can help your home seem more inviting this winter.

Monday, January 21, 2013

I recommend this quick read on healthcare real estate.  Although it’s not an extremely recent article, I believe that it still captures some of the healthcare real estate trends well, and it will serve as a good foundation for some coming blog posts.  Some of these then coming trends were discussed years ago at the BOMA MOB Conference (e.g., the push for ambulatory care facilities because of crowded, costly ERs).
Market remains ripe for medical real estate
October 01, 2012 | James Ellis and Aaron Razavi