News

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From Santa Monica to Turks and Caicos, Beverly Hills to Riviera Nayarit, our agents and listings made headlines around the globe this month. Check out the latest installment of The Agency’s Hotlist.

1427 GEORGINA AVE. → Everyone’s favorite funny girl Anna Faris sat down with New York Post this month for a chat about her new movie Overboard (a remake of the 1987 Kurt Russell and Goldie Hawn rom-com) and she did it on location at 1427 Georgina Avenue, a Santa Monica stunner listed by Santiago Arana and Griffin Riddle. Created by renowned architect Buzz Yudell and his wife, artist and colorist Tina Beebe, the home features 5,243 square feet of luxurious living space with soaring ceilings and sliding walls of glass for the ultimate indoor-outdoor

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The Agency prides itself on standing apart from the pack and our award-winning public relations team is certainly no exception. Leveraging relationships with the world’s premier print, broadcast and online media outlets, the team works tirelessly to ensure maximum exposure for our agents and their listings—securing regular coverage in such prestigious publications as Los Angeles Times, Bloomberg, The Wall Street Journal, and more. This month, we’re proud to announce our stellar PR team was the recipient of seven prestigious Hermes Creative Awards. The international competition, administered and judged by the Association of Marketing & Communication Professionals, honors the accomplishments of the world’s leaders in marketing and communications.

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2018 has gotten off to a roaring start. Prices for both single-family homes and condominiums in L.A.’s prime neighborhoods increased in the first quarter. There was a more than 13% increase in the average sale price for single-family homes in Bel Air and Holmby Hills compared to Q1 of last year, along with an impressive 10.6% increase in the average condominium sale price in Malibu. Meanwhile, in L.A.’s prime markets over $1,000,000, the average number of days on market before a listing went under contract decreased by 14.9%.

As strong demand continued to drive the market, our agents were able to secure great prices for sellers and find the best opportunities for buyers—and The Agency was busier than ever. From opening our new Malibu office,

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The Liddel is quickly nearing completion on the Wilshire Corridor, bringing a design-forward, contemporary living experience unlike any other along L.A.’s “Golden Mile.” Featuring a collection of 56 residences, The Liddel displays the singular design vision of the renowned Jamie Bush, the interior architect behind the common areas, which bring something fresh and dynamic to L.A.’s condominium style of living. The amenity spaces display an unexpected blend of modern style and classic sophistication meant to captivate and inspire.

“With The Liddel, we wanted to acknowledge the design savvy of our clientele. We aren’t doing these beige spaces that are incredibly tailored and safe, but rather infusing moments of surprise and delight throughout.”

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From the priciest penthouse for lease in Downtown L.A. to a cliffside stunner in Baja, our listings nabbed major headlines this month. Check out the latest installment of The Agency’s Hotlist.

THE AGENCY  “Meet The Agency, where co-founder & CEO Mauricio Umansky and co-founder & president Billy Rose insist egos must be left at the door,” writes Forbes. This month, the outlet caught up with Mauricio and Billy in a feature exploring The Agency’s humble beginnings, from a single 1,800-square-foot office space to an industry-disrupting powerhouse with more than $12 billion in transactions and 16 locations worldwide—and counting.

VICA SILVER LAKE  Seamlessly integrating the authenticity and urban spirit of L.A.’s much-loved Silver Lake

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Ahead of the highly anticipated debut of Echo & Rig on the Sacramento culinary scene, homeowners at The Residences at The Sawyer were given their own exclusive sneak peek… or sneak taste, we should say. Echo & Rig Butcher and Steakhouse is one of the most exciting restaurants to arrive at the city’s entirely reimagined urban center, Downtown Commons, neighboring Golden 1 Center and the new Sawyer Kimpton Hotel. For residents set to move in above it all, Echo & Rig offers more than another nearby dining option; it offers a personalized experience within moments from home.

The Sacramento location is the latest from renowned chef Sam Marvin, whose Bottega Louie in Downtown Los Angeles and Echo & Rig in Las Vegas have earned global acclaim and

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NuParc Residences has officially launched sales, debuting its first collection of contemporary residences at NuParc Valley Village. Seven distinct residences offer Small Lot Subdivision ownership, an innovative housing concept and forward-thinking approach to urban residential design in Los Angeles.

Under the Small Lot Subdivision ordinance, detached townhome-style residences offer privacy, with no shared walls and dedicated entrances. Unlike condominium ownership, residents own the home as well as the land it’s situated on and enjoy a lower fee structure to cover common area maintenance. The idea is to provide sustainable, community-oriented living within walking, biking and short driving distance of the city’s best dining, shopping and culture.

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Spring is just around the corner and the market is in full bloom. Ease your way into the season with a look at the properties and personalities making headlines this month.

In Hollywood, even estate agents are stars  If selling a home in Los Angeles is an art form, as The Times UK asserts, then our agents are masters of their craft. In an exclusive feature, The Times visits some of L.A.’s most prestigious luxury properties—including 91318 Nightingale, represented by Mauricio Umansky and Alejandra Aldrete, 1041 Laurel Way, represented by James Harris and David Parnes (this property was so hot it’s already been snatched off the market!), and Mr. C Residences, represented by The Agency Development Group—and gives readers a look at the awe-inspiring

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Though we still have one month of winter remaining, our Hotlist is sizzling. Catch up on all our hottest listings and esteemed agents nabbing major headlines this month.   

Billy Rose The Agency’s co-founder and president spoke with The Wall Street Journal on the little-known bidding-war strategy, escalation clauses. While escalation clauses—clauses that allow for an increase in price under certain conditions—are popular in markets like San Francisco and Seattle, Billy weighed in on their popularity in the Los Angeles market. “They’re not really happening at the ultra-high end because the X amount—the increment—has got to be pretty significant. If you’re talking about a $15 million house, the X amount needs to be substantial enough to be

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Metropolis rang in The Year of The Dog with a Chinese Lunar New Year celebration from the sky-high amenities deck at the newly completed Tower I. With the Downtown Los Angeles skyline and hillsides beyond as a backdrop, the exclusive event gave guests an inside glimpse of the 41,000 square feet of indoor and outdoor amenities enjoyed by homeowners.

The event welcomed guests to Tower I’s Met Six residence clubhouse and the adjacent skypark terrace. Guests enjoyed catering from the neighboring, boutique Hotel Indigo at Metropolis while taking in a performance by We The Folk band. The festivities later moved outside where party goers watched lion dancers perform under the stars.

The largest mixed-use development in the Western United States,

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