This fabulous lower hermosa French Chateau home in La Jolla represents
the finer tastes in life. For more homes like this one visit
http://www.TheLaJollaLife.com and search all La Jolla Real Estate from
La Jolla Realtor and expert Justin Brennan
Friday, February 8, 2013
La Jolla French Chateau. Lower Hermosa. Magnificent!
Wednesday, February 6, 2013
CNN "Big Money. Betting big time on housing market. Harcourts USA
CNN "Big Money. Betting big time on housing market. Get ready!"
Justin Brennan alongside Harcourts USA www.HarcourtsUSA.com and Brenson Co Inc. www.BrensonCo.com are actively seeking
Development opportunities in CA, AZ and NV. So too are hedge funds!
The latest sign of a housing boom: investors are clamoring to buy up homebuilding stocks, homes, and undeveloped land.
NEW YORK (CNNMoney)
Investors are betting big on the housing recovery.
Harcourts USA, the 6th largest real estate company in the world, is betting big on the USA. After expanding into California in late 2010, Harcourts is expanding throughout CA, AZ, NV and other states. Harcourts has aligned itself with large investors and has been purchasing distressed assets and development opportunities in CA over the last several years.
Hedge funds and private equity firms have been rushing in to buy up companies and assets in every part of the housing supply chain, including undeveloped land, homebuilders, foreclosed homes, and building parts manufacturers.
One of the most notable moves is coming from hedge fund manager John Paulson, best known for his big (and lucrative) bets against subprime mortgages in 2006 and 2007.
Now, he's turned his attention to snapping up undeveloped land in areas hardest hit by the housing crisis. "Land is the accordion in the home building equation," said Michael Barr, who runs Paulson's real estate investments. "It falls the most in a downturn, but also rises the most in an upturn."
Over the past two years, Paulson & Co has bought up enough land in California, Arizona and Nevada to build up to 25,000 homes and is aggressively scouting for more, according to Barr.
Related: Home prices post biggest jump in 6 years
Private equity firms are also getting in on the game.
Blackstone Group (BX) spent $2.7 billion last year to buy 17,000 single family homes, post-foreclosure, around the United States and plans to continue ramping up those efforts in 2013.
Pine River Capital Management took real estate investment trust Silver Bay Realty Trust (SBY) public in December. Silver Bay, which acquires, renovates, leases and manages single family homes, has already purchased more than 2,500 homes in areas hard hit by the housing crisis. In a recent SEC filing, Silver Bay said that it plans to purchase 3,100 more homes.
And in a sign of investors' growing appetite for a piece of the housing market, shares of publicly traded homebuilders have been soaring. PulteGroup (PHM), KB Home (KBH), and Lennar (LEN) are all trading near 52-week highs. Pulte's shares have more than doubled over the past year, while the KB Home and Lennar's shares have nearly doubled.
And for the first time since 2004, homebuilders are testing the IPO waters.
Tri Pointe Homes (TPH), which builds single family homes in California and Colorado raised $232 million through an IPO last week. Shares of the company, owned by Starwood Capital, rallied 20% on their first day of trading.
Related: Home building surges 12%
Others are lining up.
Scottsdale, Ariz., homebuilder Taylor Morison has filed to go public and is expected to kick off its investor roadshow in the next few weeks. And building supply company Boise Cascade, jointly owned by PE firm Madison Dearborn and OfficeMax (OMX, Fortune 500), plans to make its public debut next week.
Investment bankers and IPO investors say they expect more homebuilders to go public this year. "As the sector rotates back into favor again, it makes sense for housing companies to monetize," said Brad Miller, co-head of global equity syndicates at Deutsche Bank.
Brad Geisen, CEO of Foreclosure.com, which keeps a database of foreclosures around the nation, said he's been seeing a lot of interest from investors looking to buy up large numbers of foreclosed properties over the past three months.
"A lot of investors see a short window of opportunity where there's good inventory on the market at bottom market prices," said Geisen. "No one knows how long it will last, so these investors are trying to buy as much as they can right now."
Justin C. Brennan
Estates Director
Harcourts Prestige Properties
La Jolla, CA
619-823-2120
Watch This Fun Video! CLICK HERE
Videos | Blog | Facebook | Youtube | LinkedN | Search San Diego Homes | Search International Homes
Justin C Brennan | 7825 Fay Ave ste 190 La Jolla, CA 92037 | c: 619-823-2120 | f: 858.386.4123 | thelajollalife.com | HarcourtsUSA
CONFIDENTIALITY NOTICE: This e-mail message from Harcourts (including all attachments) is for the sole use of the intended recipient(s) and may contain confidential and privileged information. Any unauthorized review; use, disclosure, copying or distribution is strictly prohibited. If you are not the intended recipient, please contact the sender by reply e-mail and destroy all copies of the original message. DRE License #01866398
Tuesday, February 5, 2013
Monday, February 4, 2013
$15,000,000. The Most Expensive Home Sale In La Jolla in 2012
6292 Camino De La Costa. 7 Bedrooms, 8.5 Baths. 10,000 sqft. Listed for $16,900,000. Sold for $15,000,000.
This is almost an .75 acre property on the ocean. Post & Beam construction. Private and protected. Exceptionally grand & elegant - yet warm and inviting. Antique crystal chandeliers. Oversized connoisseur's kitchen with informal dining room & fireplace. retracting walls provide a seamless indoor/outdoor living. Home theater, gym, world class library, billiards room,2 bedroom guest loft. Formal gardens and lawn go down to the ocean patio. Superbly sophisticated.
Justin C. Brennan
Estates Director
Harcourts Prestige Properties
La Jolla, CA
619-823-2120
Watch This Fun Video! CLICK HERE
Videos | Blog | Facebook | Youtube | LinkedN | Search San Diego Homes | Search International Homes
Justin C Brennan | 7825 Fay Ave ste 190 La Jolla, CA 92037 | c: 619-823-2120 | f: 858.386.4123 | thelajollalife.com | HarcourtsUSA
CONFIDENTIALITY NOTICE: This e-mail message from Harcourts (including all attachments) is for the sole use of the intended recipient(s) and may contain confidential and privileged information. Any unauthorized review; use, disclosure, copying or distribution is strictly prohibited. If you are not the intended recipient, please contact the sender by reply e-mail and destroy all copies of the original message. DRE License #01866398
How To Buy Rental Property - Multi Units | Justin Brennan
Watch this video on how Justin Brennan and his business partner are buying multi units, condos and SFR rental property in Southern CA. For more information and if you would like Justin to help you locate good deals and analyze them for you, give him a call at 619-823-2120. Or email him.
VIDEO LINK: https://www.youtube.com/watch?v=QMhWRfTo_Oo
Justin C. Brennan
Estates Director
Harcourts Prestige Properties
La Jolla, CA
619-823-2120
Watch This Fun Video! CLICK HERE
Videos | Blog | Facebook | Youtube | LinkedN | Search San Diego Homes | Search International Homes
Justin C Brennan | 7825 Fay Ave ste 190 La Jolla, CA 92037 | c: 619-823-2120 | f: 858.386.4123 | thelajollalife.com | HarcourtsUSA
CONFIDENTIALITY NOTICE: This e-mail message from Harcourts (including all attachments) is for the sole use of the intended recipient(s) and may contain confidential and privileged information. Any unauthorized review; use, disclosure, copying or distribution is strictly prohibited. If you are not the intended recipient, please contact the sender by reply e-mail and destroy all copies of the original message. DRE License #01866398
Saturday, February 2, 2013
The $1 Billion Dollar Home. The Top 10 List. Most Expensive Homes in the World in 2012.
Top 10 Most Expensive Homes in the World & La Jolla Homes For Sale:
There are many amazing homes around the world, but this is a list of the most expensive homes in the world year to date 2012. For more information about global real estate sales and La Jolla Luxury homes for sale, contact Justin C. Brennan. Search La Jolla homes for sale at www.TheLaJollaLife.com
#10. Rybolovlev Estate – $95 Million
Since it was owned by Donald Trump, it’s obviously the most expensive home ever fought over in a divorce case. The 33,000 square foot oceanfront mansion has become a key part of the proceedings since Trump’s ex-wife Elena Rybolovlev demanded jurisdiction due to infidelity.
This home has 18 bedrooms, 22 bathrooms, and retails for $95 million, making it the most expensive single-family house in the nation…weird, we’re pretty sure we found nine more for this list. Unless we’re suddenly on TopOnez.Net
Originally on sale for $125 million, it ended up being haggled down to a mere 95. We guess the economy is hurting everyone these days.
9. Silicon Valley Mansion — $100 Million
The Rybolovlev Estate was the most expensive single-family house ever? Well, okay, this one went for 100 million so I guess it wins.
With 5 bedrooms and 9 bathrooms, and an indoor and outdoor pool (in case it rains, we guess), it’s all-in-all a pretty fancy house.
8. Fleur De Lys — 125 Million
Despite being marketed as the world’s most expensive house, the Fleur De Lys somehow only falls on number 8 on our list. Wow, that’s weird, huh? It’s almost like people on the Internet are wrong.
Fleur De Lys has 41,000 square feet and 15 bedrooms, but apparently no bathrooms, which we think is a huge oversight either by the architect or the person writing the articles we’re using as sources.
7. The Manor — $150 Million
Finally, the most expensive residential real estate sale in the US, $150 million. Feels pretty good to put that part to rest, doesn’t it? This house features 56,000 square feet, 123 rooms, a bowling alley, an ice rink and allegedly an entire wing devoted to Spelling’s wife’s wardrobe.
6. The Pinnacle — $155 Million
Owned by Tim Blixseth, in Montana, this house is unique for two reasons: it has a private chair lift directly from the house to a nearby ski-resort (which Blixseth owns), and is the only house on this list so far named that doesn’t claim to be the most expensive in the world.
5. Franchuk Villa — $161 Million
This five-story, freestanding 10-bedroom Victorian Villa also features an underground indoor swimming pool, panic room, and private movie theatre. How fancy is this place? Allegedly, during some remodeling, the noise made the Mayor of Moscow angry. The house is located in London. That’s right: the house is so fancy it doesn’t make sense.
4. The Hearst Mansion — $165 Million
Top Three Facts about the Fourth Most Expensive House in the World: it was used in The Godfather, JFK spent his honeymoon there. It features three swimming pools, 29 bedrooms, movie theater and a disco.
3. Fairfield Pond — $198 Million
Currently valued that way due to its property taxes, this 66,000 square-foot main house has a basketball court, bowling alley, and a $150,000 hot tub. The most valuable home in the US.
2. Villa Leopolda — $736 Million
Wow, that’s a big jump in price. Built by King Leopold II of Belgium in 1902 and located on the French Riviera, this home was purchased by Russian billionaire Prokhorov, who is so rich he lost billions to the latest economic collapse and still had enough fun money to buy himself a three-quarter-billion-dollar summer home. It has 27 stories, 19 bedrooms, and a rumored 50 full-time gardeners.
1. Antilla – $1,000,000,000
This is it. The one you’ve been waiting for. The grand finale. The one billion dollar home. We give you…Antilla, the actual most expensive house in the world…finally.
Located in Mumbai, Antilla challenges pretty much everything you’d expect about “what is possible in a home” and “what is possible for architecture.” The 27-story house features six floors of parking, a health level with a jacuzzi, gym, and “ice room,” a ballroom level (for dancing?) several floors of bedrooms and bathrooms and even a four-story garden — because, yeah, we guess that’s possible.
The architecture is based on an Indian tradition called Vastu Shastra, which is supposed to be conducive to the movement of positive energy. In keeping with this, each floor has not only a unique design, but an entirely unique set of materials and aesthetic design — meaning each room is meant to look like it’s from a different house.
Basically, this house has everything — things you can imagine, things you can’t imagine, and things you never thought to imagine but are now imagining because they sound like the greatest thing you’ve ever heard of.
Written By JF Sargent
For more information about luxury global real estate, contact Justin Brennan. Visit his website at www.TheLaJollaLife.com . If you are looking for a home in Southern CA, call his cell phone located below.
Justin C. Brennan
Estates Director
Harcourts Prestige Properties
La Jolla, CA
619-823-2120
Watch This Fun Video! CLICK HERE
Videos | Blog | Facebook | Youtube | LinkedN | Search San Diego Homes | Search International Homes
Justin C Brennan | 7825 Fay Ave ste 190 La Jolla, CA 92037 | c: 619-823-2120 | f: 858.386.4123 | thelajollalife.com | HarcourtsUSA
CONFIDENTIALITY NOTICE: This e-mail message from Harcourts (including all attachments) is for the sole use of the intended recipient(s) and may contain confidential and privileged information. Any unauthorized review; use, disclosure, copying or distribution is strictly prohibited. If you are not the intended recipient, please contact the sender by reply e-mail and destroy all copies of the original message. DRE License #01866398
Kitchens add the most value to a home. Check out this one!
Kitchens add the most value to a home. I always tell homeowners to put
their first remodel dollars into a kitchen rehab. Do you like this
style of kitchen? Let me know.
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