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BUSINESS
March 25, 2013 | By Lauren Beale
What  luxury buyers want and what they need may not go hand-in-hand, according to the closing panel at Westweek 2013 last week at the Pacific Design Center in West Hollywood. Looking at the question from the home-buying perspective on the closing panel at the design industry event were real estate agent Mauricio Umansky of the Agency in Beverly Hills and Malibu architect Douglas Burdge. Among the wants are view properties. Umansky said he even has one home listing where the garage has an “amazing city view.” Basements also are a draw among the wealthy.
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BUSINESS
December 24, 2013 | By Lauren Beale
If you thought Southern California mansions could hardly get more outlandish, consider the latest must-have feature: A moat encircling the property. Other exclusive amenities include dental chairs, botox stations and wine "cellars" that somehow made their way into the kitchen. It's all part of growing competition among designers, architects and developers for the attention of ultra-wealthy buyers. Moats are making their biggest splash since medieval times. At Jennifer Lopez's former home in Bel-Air, which recently resold for $10 million, an arched footbridge and a cobblestone driveway cross a stone-lined waterway that encircles the French-style villa.
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BUSINESS
February 12, 2011 | By Lauren Beale, Los Angeles Times
Even the rich love a deal. California homes priced at $1 million or more experienced a sales boom in 2010, the first increase in five years, even as overall home sales in the state declined, a real estate information service reported. The reason: High-end home shoppers went bargain hunting as certain parts of the economy improved but luxury home prices remained depressed. Last year, 22,529 homes sold statewide for $1 million-plus, a 21% increase from 2009, according to DataQuick Information Systems in San Diego.
BUSINESS
December 22, 2013 | By Lauren Beale
When Elton John sold his pair of West Hollywood condominiums last year, the buyer got more than four walls and the title. The units came with the singer's designer furnishings, knickknacks and tableware - even his snake-skin-covered bed frame. Now, one of the condos is back on the market at $3.995 million, along with all the contents. "Even though Elton doesn't own them anymore, they still have cachet," said Paul Czako, the listing agent. Once the stuff of vacation rentals or corporate housing, fully appointed homes are the latest fad in the ultra-luxury market.
BUSINESS
February 8, 2012 | By Lauren Beale
In a battle of the beach cities, Hermosa Beach was the big winner last year where median home prices were concerned and Malibu the biggest loser. But first appearances can be deceiving. Los Angeles County luxury communities that showed the most price gains last year were largely just regaining previously lost ground. Hermosa Beach 90254 was the big gainer with prices up 15.8% to a median of $1.1 million among ZIP Codes with medians above $1 million and where at least 50 existing single-family homes sold, according to DataQuick statistics.
REAL ESTATE
November 28, 1993 | RUTH RYON, TIMES STAFF WRITER
Oscar-winning actress/singer SHIRLEY JONES and her husband, comedian MARTY INGELS, have purchased singer Janet Jackson's townhouse in the Brentwood development of Mountaingate. Jones, who appears Dec. 11 in concert at the Palm Springs Desert Museum, has made at least 20 films, including "Oklahoma" and "Elmer Gantry," for which she won her Oscar. Now 59, she starred during the 1970s in ABC's "The Partridge Family."
REAL ESTATE
December 26, 2004 | From Times wire reports
The luxury home market is getting a boost as the U.S. dollar falls relative to many foreign currencies. Leading the rush to buy in the United States were an estimated 18,000 Britons who purchased second homes in the U.S. in 2004, up 50% from 2003. "With the British pound worth nearly $2 -- $1.94 as of mid-December -- Brits view the U.S. housing market as having a two-for-one sale," said Laurie Moore-Moore, president of the Institute for Luxury Home Marketing.
NEWS
December 14, 1989 | From Times wire services
Disgraced former East German leader Erich Honecker will have to leave his luxury home by February so that it can be turned into a center for the handicapped, a government spokesman said today. Spokesman Wolfgang Meyer said the secluded country compound at Wandlitz, where Communist bosses used to live in luxury, will be turned into a 400-bed rehabilitation center.
BUSINESS
September 2, 1997 | Melinda Fulmer
The high-tech employment surge is beginning to have an impact on the Orange County housing market, particularly new home communities. Experts say the luxury home sales are booming, thanks to wealthy techies moving into more lavish digs and new executives moving in from other areas of the state. The numbers tell the story. Last year, only three new home communities priced above the $250,000 mark were considered hot sellers (meaning 1.7 or more homes sold there a week.
BUSINESS
April 4, 1997 | MELINDA FULMER, SPECIAL TO THE TIMES
Fueled by stock market profits and growing executive ranks, construction in the luxury home market is beginning to take off again throughout Southern California. Well-heeled managers who had put off purchasing a larger home during the recent housing slump are now pouring some of that newly minted wealth into flashy digs with amenities like wine and cigar rooms, libraries and home theater rooms.
CALIFORNIA | LOCAL
May 3, 2013 | By Catherine Saillant, Kate Mather and Christine Mai-Duc
The Springs fire made a harrowing about-face Friday afternoon after a shift in winds sent the blaze roaring inland, placing some homes that had escaped the first wave of flames again in the fire's path. Officials said flames crept within 100 feet of homes in Hidden Valley as the fire -- last measured at 10,000 acres -- continued to scorch the rugged terrain between Pacific Coast Highway and the 101 Freeway. More than 1,000 firefighters were battling the blaze, with helicopters and fixed-wing aircraft flying through thick smoke to drop water and flame retardant.
BUSINESS
March 25, 2013 | By Lauren Beale
What  luxury buyers want and what they need may not go hand-in-hand, according to the closing panel at Westweek 2013 last week at the Pacific Design Center in West Hollywood. Looking at the question from the home-buying perspective on the closing panel at the design industry event were real estate agent Mauricio Umansky of the Agency in Beverly Hills and Malibu architect Douglas Burdge. Among the wants are view properties. Umansky said he even has one home listing where the garage has an “amazing city view.” Basements also are a draw among the wealthy.
BUSINESS
December 20, 2012 | By Hugo Martin
From now on, when American Airlines executives visit London, they are going to have to check into a hotel, like most of us. That's because the airline, whose parent company filed for bankruptcy last year, notified the bankruptcy judge that it is selling a 5,242-square-foot house it owns in the Kensington district of London. After marketing the town house for four months, American Airlines has agreed to sell the property for $23 million to CG Property Nominees Limited, according to court records.
NATIONAL
December 8, 2012 | By Andrew Khouri
Two suspected robbers believed to be targeting an alleged home-based marijuana growing operation were killed in a shootout on the first day of legal marijuana in Washington state, authorities said. The 35-year-old homeowner told detectives he shot the masked intruders Thursday after they broke into his home near Puyallup, Pierce County Sheriff spokesman Ed Troyer said, according Komonews.com . Troyer told the news outlet that the masked men most likely sought to grab the pot and maybe cash.
BUSINESS
November 23, 2012 | By Lauren Beale, Los Angeles Times
Fed up with severe water damage to her home and embroiled in litigation with contractors and real estate agents, superstar singer Rihanna put her Beverly Crest mansion up for sale last year for $4.5 million. That was roughly half what she paid for it. A local buyer pounced. He repaired the structure, gave the pool a face-lift and re-landscaped the property. A few months ago the 8,500-square-foot contemporary-style home was back on the market with a new price tag: $9.95 million. Home flipping is back - and it's going upscale.
BUSINESS
June 19, 2012 | By Alejandro Lazo, This story has been updated, as indicated below.
Underscoring the housing market's recent recovery, Toll Brothers said it will begin work on a master-planned community in Orange County this year. The luxury home developer will partner with builder Shea to construct more than 2,000 new homes in a new housing development called Baker Ranch in Lake Forest, according to a news release. The development will be a mix of single-family homes and rental apartments. The development spans 40 acres of open space and will include a central park, walkways and bike paths.
NEWS
February 20, 1991 | JUBE SHIVER Jr., TIMES STAFF WRITER
In Orange, the asking price for a 30,000-square-foot mansion owned by the founder of the Clothestime women's apparel chain has been cut by nearly one-third to $14.95 million, but the home still has not attracted a buyer after nearly a year. In Montecito near Santa Barbara, a Mediterranean-style villa owned by musician Kenny Loggins has languished on the market for more than six months, despite a $2-million price reduction. In Bel-Air, a 6,500-square-foot home sold last month for about $1.
NEWS
June 4, 2012
Get your nose out of the guidebook - or take your eyes off that travel app - and make a human connection on your next vacation. Locals might offer you the best recommendations yet. Name: Tripping.com What it does: Connects travelers and locals. Stay on their couches, discover a cultural experience you might otherwise have missed, take a run together or simply rent a room or house. Tripping caters to carefree extroverts as well as those who want to browse and connect at their own pace.
NEWS
February 15, 2012 | By Alejandro Lazo
This post has been corrected. See the note at the bottom for details. Home sales in the Southland were mostly flat in January as prices fell. The number of newly built and previously owned homes sold was up 0.4% last month from January 2011. A total of 14,523 single-family homes, town homes and condominiums sold in the six-county region, according to data firm DataQuick. The market for new homes remained especially weak, with only 669 newly built properties selling in January, the lowest number for any month since DataQuick started keeping track in 1988.
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