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Rancho Palos Verdes

BUSINESS
February 20, 2011
Location: 3258 Parkhurst Drive, Rancho Palos Verdes 90275 Asking price: $1,750,000 Previously sold for: $1,595,000 in 2008 House size: Three bedrooms and 23/4 bathrooms in 2,976 square feet Lot size: 21,433 square feet Additional features: Laundry room, office, pantry, two-car garage, koi pond Around the neighborhood: Last year 305 single-family homes sold in the 90275 ZIP Code at a median...
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BUSINESS
February 20, 2011 | By Mary Forgione
At this Rancho Palos Verdes home, the outdoors appears at almost every turn. In one direction, there's a glowing sunset or fog rising off Santa Catalina Island; in another, the green hills (at least in winter) of the Palos Verdes Peninsula. Wide-angle ocean views define the Midcentury Modern that's more glass than walls, blurring the lines between inside and outside. Little of the single-level house can be seen from street level on the hilly cul-de-sac. A long, curved path winds past a few wispy evergreens, skirts a koi pond and continues over a narrow wooden footbridge before the entire house comes into view.
HOME & GARDEN
December 3, 2010 | By Lauren Beale, Los Angeles Times
TBWAChiatDay advertising guru Lee Clow, co-creator of Apple's "Think Different" campaign, has purchased a vacation home at the Terranea Resort in Rancho Palos Verdes for $2.2 million. The newly built, furnished ocean-bluff casita includes an outdoor terrace, three bedrooms and two bathrooms in 2,040 square feet of living space. Clow, who lives on the Palos Verdes Peninsula, plans to use the second home as a place to host family and friends and to write. He is also known for is work on the Apple Macintosh "1984" commercial, the Energizer Bunny and the Taco Bell Chihuahua.
HOME & GARDEN
November 13, 2010 | By Lauren Beale, Los Angeles Times
Donald Trump has an estate in Rancho Palos Verdes for sale at $12 million, making it the most expensive listing on the market in the coastal community. Located at Trump National Golf Course, which he owns and operates, the 11,000-square-foot Mediterranean mansion has a great-room entry, a 1,000-square-foot kitchen, marble flooring and wall-to-ceiling sliding doors that disappear from view. Trump, whose main residence is in New York, said he splits his time in Los Angeles between his home in Beverly Hills and Rancho Palos Verdes, "where the job is. " He has built six houses at the golf course, which has lots for 75. "This is one of the best locations with a direct view of the Pacific Ocean and views from three sides of the house," he said.
HOME & GARDEN
October 28, 2010 | By Lauren Beale, Los Angeles Times
Donald Trump has put an estate in Rancho Palos Verdes on the market at $12 million. Located at Trump National Golf Course, which he owns and operates, the 11,000-square-foot Mediterranean has a great-room entry, marble flooring and wall-to-ceiling sliding doors that disappear from view. The five-bedroom, nine-bathroom house features a game room with a bar that is a replica of the one at the course restaurant. The wine room is enclosed behind glass, and the master bedroom has a patio and fire pit. The U-shaped house, designed by Luis de Moraes of Envirotechno Architecture, opens onto a courtyard with an infinity pool.
BUSINESS
October 6, 2010 | By Roger Vincent, Los Angeles Times
Terranea Resort in Rancho Palos Verdes, which defaulted on two loans last year, has found new investors and successfully recapitalized, its owners said Tuesday. The deal allows Los Angeles developer Lowe Enterprises to retain ownership of the $480-million resort, which opened last year amid the worst travel market since the Great Depression. Lowe was one of hundreds of California hotel owners that received notices of default or faced foreclosures by their lenders last year. Terms of the transaction announced Tuesday include an extension of the loans on the property and new capital commitments of more than $100 million.
CALIFORNIA | LOCAL
September 8, 2010
A public memorial service for Paul Conrad, the Times editorial cartoonist who died Saturday at 86, is planned for 11 a.m. Saturday at St. John Fisher Catholic Church, 5448 Crest Road, Rancho Palos Verdes.
IMAGE
May 9, 2010 | By Mary MacVean, Los Angeles Times
I've got a full-time job, two teenagers, a husband and a dog, plus a near-pathological inability to say no, so the very idea of driving alone — alone! — toward the Palos Verdes Peninsula on a Sunday morning had me ready for a lovely spa experience. And Terranea, no ordinary spa, was just what I was looking for. Opened about a year ago at the new oceanfront luxury resort on the Palos Verdes Peninsula, it's got a dreamboat location, on the site of the former Marineland, that made me feel like I was light years from the life I left 20-some miles behind.
CALIFORNIA | LOCAL
April 9, 2010 | By Jeff Gottlieb
It was about 10 years ago that Marymount College asked Rancho Palos Verdes to approve a campus remodel, a makeover that would include a new library and gym and bring student housing to the ocean-view campus for the first time. Now, angry at what it says is the agonizingly slow pace of gaining approval for the more than $50-million project, the small Catholic college has decided to take the issue directly to the city's voters with an initiative on the November ballot. Marymount's move is unprecedented in Rancho Palos Verdes, a town of about 42,000 people with multimillion-dollar homes, spectacular ocean views and modest political campaigns.
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