Posted on 14 Apr
The Agency's First Quarter for 2016 commenced with America's most infamous address, The Playboy Mansion, hitting the market. The Playboy Mansion, one of the most distinct, storied estates in the country, is currently offered at $200 million and represented by Mauricio Umansky. A fresh start to a new year in L.A.’s most sought after neighborhoods, Q1-16 posted strong gains across many of the city’s greatest neighborhoods, with single-family residences picking up value from Santa Monica to Echo Park. In addition to providing insight into Southern California’s most prestigious neighborhoods, the report offers a profile on Donald Robertson, the creative genius behind global ad campaigns for leading brands like Estée Lauder, Bryan Atwood and Valentino. Find out why more and more of America’s creative class is making Los Angeles home base. In the report’s Neighborhood Spotlight, a quarterly series that highlights a special submarket within Los Angeles, we travel further east to Echo Park/Silver Lake. Shedding its ‘up-and-coming’ moniker, the neighborhood now stands firmly in the ‘here-and-now’. Find out where to shop, what to eat and how home prices are rapidly changing in this burgeoning artistic community. To read the full Q1 report, click here. The report analyzes all condominium sales over $500,000 and single-family home sales over $1,000,000 in the prime neighborhoods of Los Angeles—stretching from Downtown to Santa Monica and Malibu and roughly from the 1-10 Freeway to Mulholland Drive. __________ The Research & Development Team is a part of The Agency New Development Group. Collectively, they are advising on the most important new development projects on the West Coast. For information regarding market intelligence, or for individual property analysis, please contact Morgan Ball – Associate Director, New Development – at 424.230.3748 or morgan@TheAgencyRE.com.