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BUSINESS
September 25, 2013 | By Lauren Beale
It's time for some real-life “Million Dollar Listing Los Angeles.” Spoiler alert: Agent/reality star Josh Flagg has sold his Century City-area condo. The 1,601-square-foot, 17th-story unit is in the I.M Pei-designed Century Towers. Building features include a doorman, concierge, valet parking, a swimming pool and tennis courts. Flagg spent two years remodeling the two-bedroom, two-bathroom condominium, replacing interior walls and upgrading the contemporary space. Although the Multiple Listing Service shows the unit sold for $1.3 million, Flagg said he also sold the new owner all the furnishings, collected from his travels around the world, for a total of $1.825 million.
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REAL ESTATE
November 19, 2006 | Dinah Eng, Special to The Times
Curt Cassingham's Studio City house sat on the market for a month with no offers. To stimulate some interest, he announced that he would pay a $3,000 bonus to the realty agent who brought in a buyer for the three-bedroom, two-bathroom house listed for $949,000. Four weeks later, he upped the bonus to $10,000 to the selling agent, to be paid on top of the commission. "I decided, instead of dropping the listing price, to entice the Realtors to bring someone in," Cassingham says.
BUSINESS
June 17, 2012 | By Kenneth R. Harney
WASHINGTON — In the real estate brokerage field they're often known as "setups" or "pinball" homes, and this spring's improving conditions in some markets could be stimulating more of them. A setup or pinball property is a house listed with an unrealistically high asking price that pulls in lots of visits by agents and shoppers, but no offers. The problem is this: Real estate agents, including even the listing agent, are using the overpriced house as a negative example to sell similar homes in the area that carry lower asking prices.
BUSINESS
March 25, 2014 | By Lauren Beale
Danny Pudi, who stars on the show “Community,” has bought the Pasadena home of Olympic gold medalist swimmer Betsy Mitchell for $1.32 million. The 1925 house, near Caltech and the Huntington Library, retains original architectural details such as interior arches but has an updated kitchen and bathrooms. The living room, off the formal entry, has a barrel ceiling, red tile flooring and a fireplace. French doors in the formal dining and family rooms open to outdoor patio space.
BUSINESS
May 1, 2013 | By Lauren Beale
Now that the Lakers are out of the playoffs, Coach Mike D'Antoni can turn his attention to moving into the house he and his wife, Laurel, just bought in Manhattan Beach for $6.9 million. Set on a walk street, the ocean-view home features a three-stop cherry-paneled elevator, which should come in handy for carting beverages from the 2,000-bottle basement wine cellar to the 400-glass wine bar on the top floor. The open-plan house, built in 2003, includes five bedrooms, five bathrooms and 5,000 square feet of living space.
BUSINESS
February 21, 2010
Point Dume contemporary Location: 28827 Grayfox St., Malibu 90265 Size: Six bedrooms and 6 1/2 bathrooms in more than 6,000 square feet Published on: May 3, 2009 Listed then for: $9.9 million Listed now for: $6.7 million Price reduced: 32% Listing agent: Randy Freeman, Prudential California Realty, (310) 420-9242 Avenel Cooperative Location: 2849 Avenel St., Los Angeles 90039 Size: Three bedrooms and one bathroom in 992 square feet Published on: May 10, 2009 Listed then for: $695,000 Sold for: $685,000 -- Lauren Beale
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