With all the economic uncertainty around the world, one market has become the go-to ‘safe haven’ for wealthy investors: luxury housing. In a recent Forbes article, Morgan Brennan takes a look at the growing trend of billionaires turning to uber-luxury real estate as a “safe, relatively low-risk place to park cash that hedges against … Read more

Boutique-like architectural closets that make traditional walk-ins look like, well, a shoebox are the new luxury must-have for celebrity homes, reports Forbes real estate writer Morgan Brennan. In an article on Forbes.com and set to appear in the October 22 issue of the magazine, Brennan profiles Lisa Adams of LA Closet Design, a company that … Read more

Your Ray-Ban’s aren’t playing tricks on you: Los Angeles’ Silver Lake was voted the Hippest Hipster Neighborhood in America on Forbes’ inaugural list, beating out other hipster havens like San Francisco’s Mission District, Brooklyn’s Williamsburg and Chicago’s Wicker Park. According to Forbes, the ranking was based on the neighborhood’s “walkability;” number of neighborhood coffee shops; assortment of local … Read more

Add Forbes and CNN Money to the list of influential business/economic publications that are heralding the turnaround of the American housing market.Though Forbes cautions there are “downside risks” to their positive outlook (an unanticipated increase in the pace of foreclosures, sluggish job growth, a “political train wreck” on budgetary and tax issues), they “remain optimistic that low mortgage rates, high levels of affordability, rising rental prices, and slowly improving conditions in the overall economy will combine to keep the housing recovery on track.”… Read more

  Following the release of its annual “Celebrity 100″ list, a ranking of America’s most powerful stars, Forbes asked The Agency’s Billy Rose what qualities in a home do the world’s most powerful celebrities look for most when buying in Los Angeles. “The number one feature celebrities need in a house is that it’s ‘stoparazzi,’” said … Read more