This new Silver Lake listing is currently NOT on the MLS, give Phil Missig a call for more details 310-844-6434!
Large private lot with usable yard and room for pool.
Views to the ocean and Century City from the deck.
Wednesday, February 16, 2011
Thursday, February 10, 2011
Old Electonics for NBA ALL-STAR tickets! - Phil Missig just received this email
Phil Missig thought you all might be interested in this deal if you are in the Los Angeles area.
Wednesday, January 26, 2011
Phil Missig thinks this is a good sign: Google expanding in Los Angeles, leasing famed Architectural building by Frank Gehry, and bringing jobs to the area; reports the LA Times.
Google leases office complex in Venice
The Internet search giant will take over more than 100,000 square feet in three buildings, including one designed by Frank Gehry. Its lease coincides with an announcement that it would hire more than 6,000 workers this year.
 The Frank Gehry-designed structure with sculpture by Claes Oldenburg. (Los Angeles Times) |
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Reporting from Los Angeles and San Francisco —
Google Inc., the ever-expanding Internet search giant, is establishing a beachhead in Venice. In a rare bright spot for the region's sluggish economy, Google is leasing more than 100,000 square feet of office space in three buildings, including the famed Binoculars Building designed by Frank Gehry. Sitting in front of the building is a huge binocular sculpture created by Claes Oldenburg and Coosje van Bruggen, perhaps befitting of the company's search theme. The move is part of a major expansion by Google in Southern California and could set up a new center of operation in the region.Google representatives confirmed Tuesday night that the company had signed a lease for the properties, saying its employees would begin moving into the offices this year. Google's new complex of buildings will have more square footage than its current facilities in Santa Monica, where the largest of the three buildings has 45,000 square feet and houses 300 employees. "Los Angeles is a world-class city with a talented workforce, and we're thrilled to expand our presence as we enter our biggest hiring year in company's history," said Thomas Williams, a senior director of engineering at Google. Opening a Venice campus is part of an ambitious hiring plan for the Mountain View, Calif., company, which earlier Tuesday announced it would add more than 6,000 workers this year. The hiring spree comes as Google fights for top talent against upstart rivals including Facebook Inc. and Twitter Inc. — so a marquee location in Los Angeles could help the company score points with potential hires. In its recruiting efforts, Google has bragged that its Santa Monica offices "are strategically located just a few short blocks from sunny beaches" and benefit from "over 300 days of sunshine." Although Google would not comment on the precise number of new employees the move would bring to the city, the new space is likely to become a de facto Los Angeles campus, consolidating employees at other nearby locations, according to real estate sources. The landmark building at 340 Main St., which was completed in 1991, was Gehry's last major project in Los Angeles before the Walt Disney Concert Hall in 2003. First to occupy the building was another friend of Gehry's, ad man Jay Chiat, who headquartered his powerhouse Chiat/Day ad agency in the building. Chiat died in 2002. Los Angeles city officials welcomed the news. "I am ecstatic that Google will be opening offices in Venice," said Councilman Bill Rosendahl, whose district includes the properties, in a statement. "I am particularly happy that its large number of employees will be contributing to our local economy. This should be a huge boon to the restaurants and shops on Main Street, Rose Avenue and Abbot Kinney Boulevard." Google opened its Santa Monica office in 2003 with a few dozen employees. That outpost has grown into one of the company's biggest, with hundreds of employees spread out over several buildings. Over the last decade, Southern California has played a frequent role in the 12-year-old company's story of growth and expansion. In 2003, Google spent $102 million for Santa Monica-based online ad start-up Applied Semantics Inc., which helped launch AdSense, a program through which advertisers bid on specific keywords. The following year, Google bought Pasadena-based Picasa Inc., which makes photo management software. Google's continued interest in the region was fueled by the presence of the entertainment and media industries, as well as a steady supply of technical talent from local universities. Google is expanding on both coasts. Its New York office got its start with a single person working out of a Starbucks on 86th Street in 2000. Today it has more than 2,000 employees there, and the company in December shelled out a record-setting $1.77 billion in cash for 111 8th Ave., where it was already the largest tenant with 550,000 square feet. Google, which also has offices in New Jersey, is expected to dramatically expand its headcount there in coming years. david.sarno@latimes.com jessica.guynn@latimes.com roger.vincent@latimes.com
Copyright © 2011, Los Angeles Times
Phil Missig asks: Is this the beginning of the real estate turn around?
December Sales and Price Report
For release:
January 21, 2011
C.A.R. reports California home sales rise in December, posting seven-month sales high
LOS ANGELES (Jan. 21) – California home sales rose in December, posting their highest level since May, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The statewide median price increased from November, but was down from a year ago.
“December’s sales increase reflects buyers taking advantage of rock bottom interest rates and improved affordability since the first half of the year, when prices were higher,” said C.A.R. President Beth L. Peerce. “Most of December’s sales opened escrow in October and November. Rates hit their absolute lowest in October but began edging higher in November, prompting buyers to get off the fence,” she said.
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 520,680 in December, according to information collected by C.A.R. from more than 90 local REALTOR® associations statewide. December’s sales were up 5.9 percent from November’s revised pace of 491,590 but were down 6.8 percent from the revised 558,840 sales pace recorded in December 2009. The statewide sales figure represents what would be the total number of homes sold during 2010 if sales maintained the November pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
Following three consecutive monthly declines, the median price of an existing, single-family detached home sold in California increased 1.7 percent from a revised $296,690 in November but was down 1.6 percent from the revised $306,860 median price recorded for the same period a year ago.
“While sales rose in December, the sales pace in the second half of the year was lower than the first half as the housing market weaned itself off home buyer tax credits,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “For 2010 as a whole, sales reached 494,900 homes sold, down 9.5 percent from the 546,860 homes sold in 2009. However, the statewide median price increased 10.2 percent to reach $302,900 for the year, up from the $275,000 recorded in 2009,” she said.
Here are other highlights of C.A.R.’s resale housing report for December 2010:
• A greater than usual drop in listings combined with the sales increase caused C.A.R.’s Unsold Inventory Index to decline more than one month. The Unsold Inventory Index for existing, single-family detached homes was 5.0 months in December, down from 6.2 months in November. The index was 3.8 months in December 2009. The index indicates the number of months needed to deplete the supply of homes on the market at the current sales rate.
• Thirty-year fixed-mortgage interest rates averaged 4.71 percent during December 2010, compared with 4.93 percent in December 2009, according to Freddie Mac. Adjustable-mortgage interest rates averaged 3.31 percent in December 2010, compared with 4.31 percent in December 2009.
• The median number of days it took to sell a single-family home was 57.5 days in December 2010, compared with 35.1 days for the same period a year ago.
Regional MLS sales and price information are contained in the tables that accompany this press release. Regional sales data are not adjusted to account for seasonal factors that can influence home sales. The MLS median price and sales data for detached homes are generated from a survey of more than 90 associations of REALTORS® throughout the state. MLS median price and sales data for condominiums are based on a survey of more than 60 associations. The median price for both detached homes and condominiums represents closed escrow sales.
In a separate report covering more localized statistics generated by C.A.R. and DataQuick Information Systems, 97 of the 329 cities and communities reporting showed an increase in their respective median home prices from a year ago. DataQuick statistics are based on county records data rather than MLS information. DataQuick Information Systems is a subsidiary of Vancouver-based MacDonald Dettwiler and Associates. (The lists are generated for incorporated cities with a minimum of 30 recorded sales in the month.)
Note: Large changes in local median home prices typically indicate both local home price appreciation, and often, large shifts in the composition of housing market activity. Some of the variations in median home prices for November may be exaggerated due to compositional changes in housing demand. The DataQuick tables listing median home prices in California cities and counties are accessible through C.A.R. online at
http://www.car.org/marketdata/historicalprices/2010medianprices/dec2010/.>
• Statewide, the 10 cities with the highest median home prices in California during December 2010 were: Beverly Hills, $2,180,000; Los Altos, $1,300,000; Calabasas, $1,175,000; Laguna Beach, $1,105,000; Manhattan Beach, $1,085,500; Newport Beach, $1,000,000; Santa Monica, $921,000; Cupertino, $904,500; Rancho Palos Verdes, $849,000; Los Gatos, $840,000.
• Statewide, the cities with the greatest median home price increases in December 2010 compared with the same period a year ago were: Beverly Hills, 54.3 percent; Calabasas, 39.1 percent; Poway, 25.5 percent; Ridgecrest, 23.3 percent; San Juan Capistrano, 19.2 percent; Compton, 17.5 percent; Laguna Hills, 15.7 percent; Santa Cruz, 14.1 percent; Gilroy, 14.1 percent; La Habra, 13.2 percent.
(Editors’ note: C.A.R. will no longer publish localized Dataquick numbers beginning with the January 2011 home sales news release to be issued next month. Also, C.A.R. will begin issuing a Pending Sales Index news release beginning in late February.)
Multimedia:
• Visit http://videos.car.org/mediavault.html?menuID=1&flvID=14 to view a video of C.A.R. Chief Economist Leslie Appleton-Young discussing highlights of the December sales and price report.
• Visit http://car.org/media/ppt/Dec_UII.ppt to view Unsold Inventory by price point.
• Visit http://car.org/media/ppt/Dec_pk_trough.ppt to view a data table comparing current prices with trough prices in areas throughout the state.
Leading the way...® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States, with more than 160,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.
December 2010 Regional Sales and Price Activity*
Regional and Condo Sales Data Not Seasonally Adjusted
|
| Median Price | Percent Change in Price from Prior Month | Percent Change in Price from Prior Year | Percent Change in Sales from Prior Month | Percent Change in Sales from Prior Year | ||
|
| Dec. 10 | Nov. 10 |
| Dec. 09 |
| Nov. 10 | Dec. 09 |
| Statewide |
|
|
|
|
|
|
|
| Calif. (sf) | $301,850 | 1.7% |
| -1.6% |
| 5.9% | -6.8% |
| Calif. (condo) | $246,540 | 0.0% |
| -8.8% |
| 19.3% | -9.1% |
|
|
|
|
|
|
|
|
|
| Region |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| High Desert | $125,480 | 0.7% |
| 3.7% |
| 13.2% | -19.6% |
| Los Angeles | $340,200 | -0.4% |
| -3.8% |
| 21.9% | -8.6% |
| Monterey Region | $319,490 | 0.0% |
| 3.5% |
| 13.7% | -17.3% |
| Monterey County | $244,900 | 0.0% |
| -2.0% |
| 17.7% | -19.1% |
| Santa Cruz County | $503,250 | -7.1% |
| -8.5% |
| 5.8% | -12.9% |
| Northern California | $235,340 | -2.5% |
| -4.5% |
| 15.1% | 6.0% |
| Northern Wine Country | $335,890 | 1.8% |
| -9.6% |
| 10.9% | -0.6% |
| Orange County | $458,700 | -8.7% |
| -7.5% |
| 15.1% | -5.6% |
| Palm Springs/Lower Desert | $177,540 | 8.7% |
| 3.0% |
| 26.5% | 1.3% |
| Riverside/San Bernardino | $183,540 | -1.1% |
| 1.3% |
| 20.8% | -11.5% |
| Sacramento | $179,040 | 3.0% |
| -5.3% |
| 6.3% | -8.5% |
| San Diego | $375,790 | -2.5% |
| -1.7% |
| 25.5% | -9.5% |
| San Francisco Bay | $537,520 | -2.9% |
| 0.3% |
| 14.5% | -2.8% |
| San Luis Obispo | $355,950 | 1.7% |
| -6.8% |
| 5.2% | -7.9% |
| Santa Barbara County | $420,000 | 10.9% |
| -5.6% |
| 9.9% | -14.0% |
| Santa BarbaraSouth Coast | $778,500 | -10.0% |
| -7.9% |
| 27.5% | -8.3% |
| NorthSanta Barbara County | $247,920 | 0.0% |
| -3.5% |
| -6.3% | -18.9% |
| Santa Clara | $560,000 | -5.1% |
| 0.0% |
| 11.2% | -5.3% |
| Ventura | $441,570 | -2.7% |
| 3.2% |
| 2.9% | -6.6% |
* Based on closed escrow sales of single‑family, detached homes only (no condos). Movements in sales prices should not be interpreted as measuring changes in the cost of a standard home. Prices are influenced by changes in cost and changes in the characteristics and size of homes actually sold.
sf = single‑family, detached home
Source: CALIFORNIA ASSOCIATION OF REALTORS ®
Median Price by Region
|
| Dec. 10 | Nov. 10 |
| Dec. 09 |
|
| Statewide |
|
|
|
|
|
| Calif. (sf) | $301,850 | $296,690 | r | $306,860 | r |
| Calif. (condo) | $246,540 | $246,630 |
| $270,300 |
|
|
|
|
|
|
|
|
| Region |
|
|
|
|
|
|
|
|
|
|
|
|
| High Desert | $125,480 | $124,580 |
| $121,010 |
|
| Los Angeles | $340,200 | $341,650 |
| $353,560 |
|
| Monterey Region | $319,490 | $319,510 |
| $308,570 |
|
| Monterey County | $244,900 | $245,000 |
| $250,000 |
|
| Santa Cruz County | $503,250 | $542,000 |
| $550,000 |
|
| Northern California | $235,340 | $241,340 | r | $246,450 |
|
| Northern Wine Country | $335,890 | $330,100 |
| $371,430 |
|
| Orange County | $458,700 | $502,170 |
| $496,070 |
|
| Palm Springs/Lower Desert | $177,540 | $163,270 |
| $172,320 |
|
| Riverside/San Bernardino | $183,540 | $185,650 |
| $181,130 |
|
| Sacramento | $179,040 | $173,870 |
| $189,140 |
|
| San Diego | $375,790 | $385,490 |
| $382,230 |
|
| San Francisco Bay | $537,520 | $553,620 |
| $536,070 |
|
| San Luis Obispo | $355,950 | $350,000 |
| $381,940 |
|
| Santa Barbara County | $420,000 | $378,570 |
| $445,000 | r |
| Santa BarbaraSouth Coast | $778,500 | $865,000 | r | $845,000 |
|
| NorthSanta Barbara County | $247,920 | $248,000 |
| $256,940 |
|
| Santa Clara | $560,000 | $589,980 |
| $560,000 |
|
| Ventura | $441,570 | $453,610 |
| $427,890 |
|
r = revised
Source: CALIFORNIA ASSOCIATION OF REALTORS ®
Friday, January 21, 2011
Phil Missig's Listing in Studio City - Just REDUCED - Open House Sunday 1 to 4 pm
| Tujunga Village / Studio City - REDUCED $140k |
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