The Agency Daily

Industry analytics company CoreLogic released its July Home Price Index today, and the data supports what we've been saying here on The Agency Blog: home prices are on the rise. CoreLogic reports that nationwide home prices increased by 3.8 percent in July 2012 compared to July 2011. This marks the biggest year-over-year increase since August 2006. CoreLogic also found that home values rose 1.3 percent in July from June, marking the fifth straight increase in both the monthly and year-over-year price indexes.

The new report released today joins other national measures declaring that the housing market is officially on the upswing. Just last week we reported that the S&P/Case-Shiller national home price index, which covers more than 80% of the housing

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Among a stellar cast of cities from around the globe, LA makes the list of Top 10 Art and Architecture Destinations in the world. Perhaps being pegged as a West Coast “Wonderland” of sorts is just the reason why LA is able to foster some of the most innovative and imaginative minds who belong in the company of traditional art powerhouses like Paris, Amsterdam and Florence.

"As one of the most eclectic cities in the United States, Los Angeles is a giant melting pot of art that is just waiting to be explored, with a lot of it on the cutting edge of modernity," says the report, which was compiled by Hotwire.com.

Visitors and residents alike can cruise over to the Getty Center to take in a collection of European and American Art or drive along the coast

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By Billy Rose

On September 15, from 4p – 6p, renowned visionary architect Ray Kappe, FAIA, will host Santa Monica Conservancy members and friends at Mr. Kappe’s personal residence, the Kappe House, in Rustic Canyon (photo gallery).

I have visited this award-winning architectural achievement on a couple occasions, and I still carry vivid and fond memories of it.

The Conservancy, which was formed a decade ago to celebrate and protect Santa Monica’s historic and architectural treasures, describes the home as follows:

"Built on a steep hillside over a running brook, six concrete towers rise into the trees, carrying the structural loads of the house as well as containing rooms and bringing light inside through skylights. Immense laminated wood beams

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Location: 6405 Dawn Creek #2, Playa Vista

Size: 3 Bedrooms / 3 baths; 2,972 square feet

For Sale: $1,149,000

Agents: Kofi Natei Nartey

Haute couture, cool "kicks" and beauty product packaging only begin to highlight the influence that Piet Mondrian’s paintings from the 1920s have on contemporary art, design and architecture today. As modern architects have already demonstrated, color does not need to act merely as an "accessory" but can serve as an integral part of the structure itself. That’s the philosophy behind this 3-story home on 6405 Dawn Creek #2 in Playa Vista.

Mondrian’s strict color palette of black, white, and the 3 primary colors, red, yellow and blue, play nicely within vertical and horizontal lines which, to him, embodied the two

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Farrah Aldjufrie, Director of Client Relations at The Agency, and Kyle Richards at The Agency Luxury Home Showcase last night.

The Agency and DSM Luxury hosted "The Agency Luxury Home Showcase" last night at the world-class estate at 655 Sarbonne, overlooking the Bel Air Country Club. The event shined the spotlight on the 14,000 sf. home and its pristine grounds, as well as a number of luxury brands, including Black, Starr & Frost, Northrop & Johnson, Porsche Design, Access Custom Jets, The Party Goddess, Club La Gloria Cubana and fine spirits by Castle Brands.

The invited guests, which included Kyle Richards, star of Bravo TV's Real Housewives of Beverly Hills and wife of The Agency's Mauricio Umansky, were treated to live jazz music as they toured

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Entrepreneurs in Southern California, and in particular, Los Angeles, are attracting more investment money than any other region outside Silicon Valley, reports Forbes. So far in 2012, Southern California has outpaced previous Silicon Valley runner-up New England and has lured more venture capital than New York by nearly a 2-to-1 margin.

Forbes managing editor Bruce Upbin attributes certain "structural advantages" of Los Angeles, such as its strong entrepreneurial culture, for its growing prominence in the tech scene. Unlike New York and New England, where big corporations dominate, creative endeavors and entrepreneurship drive much of LA's business community. Los Angeles had the highest rate of entrepreneurial activity from the period between 2009

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The 2012 MTV Video Music Awards is coming to STAPLES Center in Downtown LA this September 6, and our friends at AEG have made private suites available for purchase to friends of The Agency so you can see who leaves empty-handed and who leaves with a Moonman in total comfort and style. To reserve, contact Kyle Henry at 213.763.4681 and be sure to mention The Agency.

Hosted by comedian Kevin Hart (you’ve seen him bust bellies with his original stand-up routines or on his reoccurring role in the Scary Movie franchise), the 28th Annual MTV VMAs will unveil the coveted Best New Artist, Video of the Year, and the newest category to grace the social media frenzy: Most Share-Worthy Video of the Year. Enjoy live performances by Taylor Swift, Rihanna, Frank

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A new industry report from Standard and Poor's finds that the housing market has made a significant turn for the better, and will continue to do so. The S&P/Case-Shiller national home price index, which covers more than 80% of the housing market in the U.S., jumped 6.9% this spring compared to the first three months of 2012. National home prices were up 1.2% on average compared with the previous year, and the 20-city index was up 6% for the quarter, while the 10-city index rose 5.8%.

According to CNNMoney, this marks the first time all three measures showed positive annual growth rates since the summer of 2010.

"We seem to be witnessing exactly what we needed for a sustained recovery; monthly increases coupled with improving annual rates of change,"

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Cinematographer Colin Rich, who garnered considerable praise a year ago for his brilliant time-lapse film 'L.A. Light,' released his latest work Thursday, entitled 'Nightfall.'

The extraordinary three-minute time-lapse tour through Los Angeles features striking footage as day turns to night in locations all across the region, from Downtown LA and Griffith Park to Santa Monica and along the Malibu coastline.

The result is, as Rich describes, a "tour de force" through the city "channeling that energy transfer of day to night.”

"Nightfall in particular is my favorite time to shoot time lapse," explains Rich. "Capturing the transition from day to night while looking back at the city as the purple shadow of Earth envelopes the eastern skyline

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As residents of Los Angeles, we love our Beach Cities, and we all have that one house (or two, or twenty) along the coast that snatches our attention quicker than a forecast calling for rain. Before you know it we forget our jogging partner who has leaped ahead of us, our bike pedals that are still in motion, or the tug of the leash from our four-legged companion. Fortunately there’s a weekend day when some of the most captivating beach city homes open up their doors. From Manhattan to Hermosa to Redondo, explore some of the most stunning modern architecture that our beach cities have to offer in this Saturday’s annual Beach Cities Modern Home Tour.

Local architectural firms Michael Lee Architects, Dean Nota, and Studio 9one2, among others, are

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