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Lisa DeRose
Lisa DeRose Real Estate
124 Washington Blvd
Marina Del Rey CA 90292
310-488-8874
Fax: DRE#01301143

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Displaying blog entries 1-8 of 8

New Project for Downtown Culver City

by Lisa Derose Coldwell Banker marina Del Rey

 

Culver City Picks Giant Stairway Project For Downtown Parcel

Tuesday, December 6, 2011, by Adrian Glick Kudler

Word out of last night's Culver City city council meeting is that the council unanimously picked developers Combined Properties and Hudson Pacific Properties to build on the city's Parcel B in downtown. Four developers had proposed projects for the site (see them all here), which is already entitled for a three-story, 115,000 square foot retail and office development with 84 underground parking spaces. Ehrlich Architects is in charge of design for Combined/Hudson's project. The Grand Stair is meant to take advantage of the site's views and was inspired by New York's High Line park, the Spanish Steps in Rome, and DC's Lincoln Memorial steps, according to the group's proposal. Their plan includes perimeter-circling retail and that stairway leading up to 15,000 square feet of open space on an elevated plaza. The plaza will have "free Wi-Fi, outdoor dining, water features, and landscaped areas where people will be able to congregate, relax, and take in the views of Culver Studios, the Culver Hotel and Downtown."

More on the shops they hope to woo>>

According to the proposal, the Washington Blvd. side of the project will complement the adjacent Trader Joe's--the developers hope to draw a gourmet marketplace, an arts/crafts/paper products store, and an exercise studio. On Culver Blvd., they imagine a "primary retail district" with apparel, shoes, accessories, coffee, a blowdry bar or nail salon, and a focus on "'unique' nationals, locals, and independent brands." On the Culver Studios side, they propose outdoor dining with "the feel of San Francisco's Belden Alley." They're hoping to draw a gelato shop, a bakery, a sandwich place, and a lounge.
· 4 Options For Culver City's Parcel B Retail Project [Curbed LA]

Best Neighborhoods for trick-or-treat in LA

by Zillow-Lisa Derose Coldwell Banker marina Del Rey

Finding the 5 Best LA Neighborhoods For Trick-or-Treating

2011.10_trickortreat.jpgToday Zillow released its third annual list of the best cities for trick-or-treating. Los Angeles has moved up the list, from number 14 last year to eight this year. The rankings are based on four equally-weighted variables: the Zillow Home Value Index, Walk Score, population density, and local crime data. (San Francisco, Boston, and Honolulu topped the list). According to Zillow's data, here are Los Angeles's five best trick-or-treating neighborhoods for 2011:

1. Westwood
2. Brentwood
3. Pacific Palisades
4. Bel Air
5. Venice

405 Freeway shuts down for July weekend!!

by Lisa Derose Coldwell Banker marina Del Rey

 
If you hadn't heard--the Rapture got less press--the 405 between the 10 and the 101 will be closed for 53 hours from the evening of Friday, July 15 until the early morning of Monday, July 18, due to construction of the new carpool lane and specifically the partial demolition of the Mulholland Street Bridge. Sepulveda won't be much help--it's for locals only, according to what Metro told the LA Times--and officials are warning people to just stay out of Westwood, Bel Air, and Brentwood (or in them if you live there). This coming Monday, Mayor Antonio Villaraigosa, Los Angeles County Supervisors Don Knabe and Zev Yaroslavsky, representatives from LADOT, LAPD, LAFD, CHP, Metro, Metrolink, the Automobile Club of Southern California, and LA World Airports will advise the public on how to handle being mildly inconvenienced "prepare for the closing," according to a press release from City Hall (wow, that's a lot of important people getting together to talk about a weekend freeway closure, though we are curious as to where drivers will be redirected). There will be tips on alternate routes and the hammering home of the seemingly-obvious suggestion to "Plan Ahead, Avoid the Area, or Stay Home."

10 Los Angeles Area Venues for Company Picnics and Summer Entertaini

by Lisa Derose Coldwell Banker marina Del Rey

10 Los Angeles Area Venues for Company Picnics and Summer Entertaining


LOCATION SCOUT   05.17.11 8:00 AM
 
Summer is on its way, which means it's time to start entertaining interns, summer associates, clients, and corporate groups. Check out Los Angeles’s new bars, restaurants, hotels, and outdoor and fresh-air-friendly venues for corporate picnics, company gatherings, and other types of summer entertaining.

1. April marked the return of the Malibu Inn beachside restaurant, bar, and live entertainment venue, under the ownership of brothers Alex and Steven Hakim. Industry vets Kelley Jones and Frank Tucker are the managing partners behind the revival. Angelo Sosa collaborated on crafting an American menu, and designer Andrew Alford is behind the interior. The venue serves lunch, dinner, and late bites from 11 a.m. to 2 a.m.
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April marked the return of the Malibu Inn beachside restaurant, bar, and live entertainment venue.
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2. Manhattan Beach Post, commonly known as M.B. Post, opened its doors in April. The space comes from chef and co-owner David LeFevre, with an artisan menu of shared plates, along with specialty cocktails and beers and wines. The venue takes over the former post office, steps from the ocean. The 3,200-square-foot restaurant holds about 100 guests in the bar and dining room, a combination of booths and communal and individual tables.

3. A new addition to Culver City's ever-growing drinking and dining scene is City Tavern, which opened in April. There is no private room, but the restaurant seats 80 inside and has 30 patio seats, for a total capacity of 110. The patio has rustic wood tables and chairs and a cafeteria-style table. Inside, there are three table-side beer taps, from which guests can serve themselves. City Tavern is the first California-state approved venue to offer booths equipped with the computerized draft beer systems.

4. The new Fig & Olive on Melrose Place offers cuisine from the south of France, Italy, and Spain. It's the first West Coast outpost for the restaurant group, which also has existing venues by the same name in New York City and Westchester, New York. The venue occupies a split-level, 8,000-square-foot open space, with a variety of indoor and outdoor seating options for as many as 300 guests.

5. Patina Restaurant Group opened Ray’s Restaurant and Stark Bar next to the Lynda and Stewart Resnick Exhibition Pavilion at the Los Angeles County Museum of Art. Designed by architect Renzo Piano, the new restaurant is named after Ray Stark, the late film producer and former Lacma trustee. The outdoor Stark Bar is comprised of a long bar, a lounge area, and table seating. Ray’s and Stark Bar have midcentury-inspired furniture in keeping with Piano’s design, and a total seating capacity of just over 150.

6. For a breezy feel, the Jamaica Bay Inn opened in Marina del Rey in November, with a design meant to evoke a colorful and relaxed island resort, complete with lush landscaping, beachside pool, and marina views. Off the lobby, the Antigua Room holds 75 people for a reception or 50 seated. It has views and access to the terrace garden and the marina. The Barbados Boardroom has flat-panel monitors, leather executive chairs, and a dark wood conference table. Additionally, a spacious manicured garden lawn can accommodate small events with a beach backdrop.

7. Contributing to the roster of event- and entertaining-appropriate restaurants in the new Santa Monica Place mall is Zengo. Chef Richard Sandoval and business partner Plácido Domingo opened the venue, which serves Latin-Asian cuisine. The space holds about 350 for a reception. A patio holds 64 for seated events or 80 for a reception. And a private dining room has room for six for a seated event, or 15 for cocktails. 

8. The An Catering family has opened a new restaurant in Santa Monica, known as Tiato. Helene An is the chef, and the restaurant bills its cuisine as "healthy new American with a twist of indulgence." Tiato is open for breakfast, lunch, and happy hour, plus events and catering. There are beer, wine, and sake at the bar—with an emphasis on sustainable and organic offerings—as well as Asian tapas. Tiato seats 200 inside the 2,414-square-foot café and 300 in the 4,300-square-foot garden.

9. Last summer, Universal Studios reopened a new and improved New York Street after a fire, this time with distinctive neighborhoods carved out of its four acres. The generic old city streets have been transformed into urban areas resembling Chinatown, Little Italy, Central Park, Wall Street, the West Village, the Broadway theater district, Park Avenue, Embassy Row, London, Paris, and 21st-century New York, with contemporary glass-and-steel buildings. To make the areas feel more like a big city, facade heights have been increased by 10 to 25 feet, to new heights of 40 to 50 feet.

10. To stick close to the beach, try Suite 700 at Santa Monica's 71-room Hotel Shangri-La. The rooftop bar and lounge from nightlife entrepreneur and designer Marc Smith (whose work also includes the Edison) has a Nautical Moderne design with unobstructed views of the ocean. Terraces offer plush lounge seating and fire pits. Inside, gray flannel covers the walls, and there are etched mirrors, large windows, and a dramatic scalloped fireplace. The space is available for buyout, with room for about 75.

Real Estate Turnaround: 4 months and Counting

by Lisa Derose Coldwell Banker marina Del Rey

Turnaround: 4 Months and Counting?

By Steve Cook Print Article Print Article

RISMEDIA, May 16, 2011—Price declines will end and average U.S. home prices will stabilize by Labor Day. Prices in even the hardest-hit markets will level out by the end of 2012.

That’s the latest prediction from the authoritative Moody’s Analytics and Fiserv, Inc, after an analysis of home price trends in 375 markets tracked by the Fiserv Case-Schiller Indexes.

Fiserv reports that home prices have fallen so far that they are at pre-bubble levels, creating affordable housing relative to income which, coupled with a slowly improving economy, will finally end price declines.

The slide in home prices has greatly improved home affordability. Relative to household income, affordability is at or close to pre-bubble levels in nearly every metro area across the U.S. This dynamic, combined with growing economic strength, leads Fiserv and Moody’s Analytics to project that average U.S. home prices will stabilize in the third quarter of this year. By the end of 2012, home prices in even the hardest-hit housing markets will level out.

However, while Fiserv and Moody’s project the national U.S. home price average will stabilize in the third quarter of 2011, a 3 percent decline is expected in the first half of this year.

“The first step toward restoring confidence in housing markets is an improvement in consumer sentiment, which we expect will increase slowly through 2011 due to stronger job gains and a falling unemployment rate,” says David Stiff, chief economist, Fiserv. “As confidence rises, the decline in home sales that started in 2006 will, finally, come to an end.”

Even as balance returns to the housing market, Fiserv Case-Shiller data forecasts the pace of recovery will be uneven across U.S. metro areas.

“Many metro areas have vast inventories of vacant homes, a consequence of both over-building during the bubble and high rates of foreclosure,” says Stiff. “New data from the 2010 U.S. Census provide estimates of the depth of the overhang of vacant homes in some markets. Between the 2000 and 2010 Censuses, the overall U.S. housing vacancy rate increased by 2.4 percentage points. In metro areas with the largest price bubbles and crashes, housing vacancy rates have jumped by 3 to 7 percentage points.”

The most stressed U.S. housing markets are characterized by unemployment rates that exceed the national average and high housing vacancy rates. Examples include Detroit, Las Vegas and Orlando, where unemployment tops 10 percent and vacancy rates are above 15 percent. Stiff noted the feedback loop that continues to exert downward pressure on home prices in these markets:

“Economic growth in these markets was highly dependent on residential real estate from 2002 to 2006, with many new jobs tied directly or indirectly to booming housing markets. When the bubble popped, these markets suffered the largest job losses. Rapidly falling employment undercut housing demand, causing home price depreciation to accelerate, leading to more job losses in residential real estate.”

The markets that escaped this dynamic are better positioned for more robust recoveries. Examples include Dallas, Milwaukee, Houston, New York, Baltimore and Pittsburgh. Stiff notes that while many of these metro areas did experience double-digit home price declines, their economic growth was more balanced during the boom years, relying less on residential construction. Today, these markets benefit from relatively lower housing vacancy and unemployment rates.

9 Items Homebuyers Desire in 2011

by Lisa Derose Coldwell Banker marina Del Rey

9 Items Homebuyers Desire in 2011

by Dana Dratch
Friday, March 11, 2011

Today's homebuyers want it all.

Some items on the shopping list: a home in great condition with rooms that can do double duty. Areas that mingle indoor and outdoor living -- patios, porches, decks and outdoor rooms -- are always a plus. And so are those features that offer a little luxury, like garden tubs, first-rate appliances and high-dollar countertops.

More from Bankrate.com:

What Will $200,000 Buy?

Use Your Capital Losses to Cut Taxes

4 Questions to Ask Before Buying a Home

They're also going back to basics: searching for solid, well-maintained properties that will give them their money's worth.

"I think this year they're buying properties that are in good mechanical condition that have inherent value," says Ron Phipps, president of the National Association of Realtors.

But more than anything, buyers want to drive a hard bargain.

[Click here to check home loan rates in your area.]

They want "great deals," says Patricia Szot, president of the MetroTex Association of Realtors. "And no matter where a seller prices their property, they're looking to negotiate."

Here are nine items popular with buyers this year:

bankhomedes1.jpg

Homes in Good Condition

Buyers demand homes that are well maintained, Phipps says. "There's not a lot of flexibility in that." The attitude is: "I'd rather spend the money getting into the house" and not have to spend more money later, he says. Buyers don't want an unknown expense hanging over their heads.

Pat Vredevoogd Combs agrees. "I'm not working with too many people who want a fixer-upper," says Combs, past president of the National Association of Realtors and vice president of Coldwell Banker AJS Schmidt in Grand Rapids, Mich.

One big reason: With most transactions, "buyers have limited amounts of cash," Phipps says. "Even if they want to do a fixer-upper, they don't have the money to do it."

"Buyers have enough money to buy," he says. "They don't have enough money to buy and improve. And the lenders make it really difficult."

Rock-Bottom Bargains

Buyers "are more focused on negotiating, drawing limits in their mind and focusing on the strategy," says Justin Knoll, president of the Denver Board of Realtors.

Some of it is a point of pride, he says. "They want to tell their friends and family that they really got a smokin' deal."

They "want value," says Alice Walker, president of the Greater Nashville Association of Realtors. "They are very picky. They're just a lot more critical. They are not going to settle because they know they don't have to."

Her advice to sellers: Repair, update, clean and stage. "You have got to remove every obstacle possible for the buyers," Walker says.

The more-for-less approach even holds when buyers consider bank-owned properties, says Joan Pratt, real estate broker, Re/Max Professionals in Castle Pines, Colo. "They want the short sales and the foreclosures and they want them to look like they're owner-occupied," she says. "They don't want to paint. They don't want to put carpet in. They don't want to clean."

And they're surprised when they don't find it, Pratt says.

bankhomedes2.jpg

Outdoor Living Areas

"The thing that we've seen over the past couple of years is more outdoor living areas," says Laurie Knudsen, president of the Charlotte Regional Realtor Association. Some popular features: Screen porches, outdoor kitchens, two-way fireplaces.

"It's a selling point if a house already has it," she says. And "it's going to make it more competitive on the market."

Incentives

Call it "Rock-bottom deals, part two."

Along with pricing, "it's all about incentives," says Mabel Guzman, president of the Chicago Association of Realtors. To pique buyer interest, sellers offer everything from gift cards for new furniture and paint to financial assistance at closing.

Szot agrees, and laments that it's made the road more difficult for sellers.

"Not only are (buyers) asking them to lower the price, but they are asking for a lot more," Szot says. "So negotiations are a lot more difficult now."

Practical Green Features

Call it "Yankee frugality," says Phipps. But what he sees on buyer shopping lists is a home that is easy on the planet because it's easy on the wallet.

Buyers are looking for things like triple-glazed windows, high-efficiency boilers and energy-efficient appliances. "The buyer of today wants to make sure that the ongoing operating costs of the house are as controlled and economical as possible," he says.

Another popular item: nontech green features. Buyers are looking at the sun exposure in relation to energy efficiency, he says. And that's something that will vary with the area and region, he says. "In some areas, you want larger overhangs to minimize the sun," Phipps says. "In my area (New England), lots of windows on the southern side to maximize the sun would be smart."

bankhomedes3.jpg

Open Kitchens

"The wall between the kitchen and the family room is evaporating," Phipps says.

"The kitchen is becoming part of the gathering space," he says. "And it's ironic -- it's the way it was 300 years ago. We've come full circle."

Repurposed Materials

Buyers like a material that looks or feels natural, even if it's not the genuine article, Phipps says. For example, "granite (for counters) is still popular, but it doesn't have to be granite," he says. "It can be stone, another natural material or something that looks like stone."

"We're seeing lots of different materials and lots of reusable materials, which is interesting," he says. "Also a lot of unusual uses of hardwood -- like pine flooring (reclaimed and) reused for counters," or terra cotta slabs -- beautifully glazed -- used for countertops, he says.

Smaller, Less-Formal Homes

Buyers are buying smaller homes, but they want to be able to use and reuse every inch of space, Phipps says. "They are being much more strategic and efficient with how they use it."

Formal spaces that might only be used three or four times per year are disappearing. "The slipcover rooms are gone," says Phipps.

That's "led to a repurposing of space," he says. Formal living rooms have been added to great rooms or converted into home offices or entertainment rooms.

"Three to five years ago, if they could get a loan that would get them into a McMansion with stone and tile and brick and more rooms than they needed, they would do it," says Jeff Wiren, president of the Portland Metropolitan Association of Realtors. "Now they're saying 'I don't know if I want to heat that place and clean it.' They're being much more realistic."

bankhomedes4.jpg

Touches of Luxury

Buyers like luxury. And sometimes the amenities that convey that feeling of living large are relatively simple or inexpensive.

One example: coffee bars in the master bedroom. "It's like a butler's pantry in your bedroom," Pratt says. "An area for your coffee pot and accoutrements and a little fridge."

The feature has been popular, especially in high-end homes, for about five years, she says.

Another luxury touch: high-dollar finishes in less-expensive homes, Knoll says. Granite counters and stainless steel appliances, marble tiles in the bathrooms and vessel or undermount sinks continue to impress, he says.

Buyers also like "a living space where you can have barstools and do some entertaining," he says.

Says Knoll, "There is a sex appeal about housing, and they do get excited about those kinds of things."

___

Gallery Lofts on Glencoe

by Lisa Derose Coldwell Banker marina Del Rey

ST Residential's Gallery Lofts Touts New Web Site, Urban Energy

2011.gallerylofts.jpg

Work re-started on Glencoe Lofts in Marina Del Rey late last year, and now the project, renamed Gallery Lofts, is looking at launching sales this spring. A web site is up and running, while would-be buyers can also look at floor plans of the building, a Corus Bank casualty whose assets were purchased by that Starwood-led entity. Additionally, there's a rendering of a swanky woman coming home, or visiting someone, on Gallery Loft's Facebook page. Via the web site: "Gather ‘round for four floors of urban energy that connect around a central courtyard. All lofts feature stainless steel kitchens with 11-foot ceilings and extra roomy patios. Only four units per floor stack." No word yet on prices.
· Gallery Lofts [Official Site]
· Work Restarting on Long-Suffering Glencoe Lofts Project [Curbed LA

Latest Solution Proposed for Venice RV's

by Lisa Derose Coldwell Banker marina Del Rey

 

Latest Solution Proposed for Venice RVs: Parking Lots to Housing

Monday, April 4, 2011, by Dakota Smith

2011.pathrvs.jpg

The city is trying yet another approach in its efforts to fix the rifts between those living in vehicles in Venice and locals who don't want RVs parked outside their homes. The Argonaut reports there's a new proposal to implement a “Roadmap to Housing” initiative. From the paper: "Under the Roadmap to Housing, people who are living in their vehicles due to financial or other troubles will be allowed to park safely overnight in designated lots as they work with People Assisting the Homeless (PATH) in their transition into housing.

PATH, a non-profit that works with homeless people in areas across Los Angeles County, will manage the vehicle to housing program. The program comes as local communities, particularly Venice, have looked for solutions to an ongoing problem of RVs lining the streets and after many of the vehicles have moved off the streets due to oversize vehicle parking restrictions."

Not everyone is a fan of the program, which would designate areas for the RVs to park in Venice, also part of a previous proposal. "Karen Wolfe of the Venice Action Alliance... sees the planned program as a “shadow of its former self,” saying prior efforts tried to avoid creating a large concentration of vehicles in one area. “I see this as a Roadmap to Nowhere,” she stated at the meeting. Nor is it clear this PATH-backed program is going forward. No word on what those living in the RVs think of this plan,

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Lisa DeRose Real Estate
124 Washington Blvd
Marina Del Rey CA 90292
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