“You’ve transformed a room full of enemies into a room full of friends,” Aaron Kirman, of AKG | Christie’s International, quipped. He was surveying the scene at The Hollywood Reporter’s third annual L.A. Power Broker Awards, presented by The Society Group and hosted by The Agency’s Mauricio Umansky. This fairy-tale feeling of camaraderie hung in the air all evening, no doubt enhanced by the enchanting setting of the legendary Castillo Del Lago estate, formerly owned by Madonna. The home is currently co-listed (for $18.9 million) by Linda May and Brett Lawyer of Carolwood Estates. The honors were held in conjunction with THR’s 2023 list of Hollywood’s Top 35 Real Estate Agents, which honors top sellers in the greater Los Angeles area based on MLS-listed sales to Hollywood clients, overall deal volume and media visibility. Looking out over views of Lake Hollywood, agents sipped on cocktails to the soothing sounds of a string quartet, in the Spanish Colonial Revival castle built in 1926, with a clear view of the Hollywood sign. “It is the quintessential old Hollywood house,” May explained. “And the fun thing is that the reason the developer built this house and the two others that are next door is because actors and actresses were considered riffraff in Beverly Hills and Bel-Air, and the studios were over here. So, they built this for the Hollywood community.” Libations from Don Fulano Tequila and La Marca Prosecco were poured while the all-female Orchid Quartet played. Castillo Del Lago held special memories for several of the list’s honorees. Umansky recalled picking up his daughter Alexia from the home after playdates with Madonna’s daughter, Lourdes Leon. The always entertaining Juliette Hohnen of Douglas Elliman remembered throwing Rosie O’Donnell a baby shower in the manse, during Madonna’s tenure, and many other fun times. “[Madonna] used to have gardenias everywhere and she would smell of gardenias,” Hohnen said. “You felt like you were going into heaven, and it was really an experience.” Umansky served as emcee for the awards ceremony — held during an exquisite outdoor candlelight dinner — despite having debuted on Dancing with the Stars the night before. “I am exhausted,” he said. “I’ve been icing my knee all day long. It feels like a watermelon today. And thank God I made it through. I was very lucky to make it. I was down to the bottom two, but I did make it through, and I am glad I did because I’m having an absolute blast.” He continued to have a blast on stage, where he good-naturedly roasted everyone — including himself — and even did a little jig. Of the delightfully flamboyant broker Branden Williams of The Beverly Hills Estates, he said: “He looks like Elvis Presley, but from Vegas years.” Rival brokerages were also fair game, as Umansky joked, “thanks to Dancing with the Stars, my dance scores and my stomach, they’re as flat as Compass’s stock.” Umansky was also a winner of the evening, receiving the Media Maverick Award from last year’s co-recipient Matt Altman, who playfully held up a copy of Umansky’s book The Dealmaker as Umansky gave his speech. Aaron Kirman — honored with the Agent of Historic Architecture Award —for selling such houses as John Lautner’s Garcia House and the former home of Steven Bocho, designed by Paul R. Williams — had the guests in stitches recalling his early ignorance of architectural pedigree. “Funny enough, when I started selling homes when I was very young, 18 years old, I knew nothing about architecture or houses,” he recalled. “And I remember I got a phone call and somebody said, ‘I want a Neutra.’ And I said, ‘Oh my God, I’ll get you so many Neutras. It’s not a problem. It’s so easy to find. I literally hung up the phone and I remember going, ‘What is a Neutra?’ I had no idea.” Surprising no one, Kurt Rappaport of Westside Estate Agency won the Stratospheric Sale of the Year Award for representing both sides of the historic Beyoncé and Jay-Z purchase of the $200 million Tadao Ando-designed Malibu estate sold by art collectors and producers Bill and Maria Bell. Drew Fenton, founder of the new power brokerage Carolwood Estates, won the award for Team of the Year. Chris Cortazzo of Compass was honored with the Philanthropic Impact Award for his support of organizations including The Boys and Girls Club of Malibu and the Elton John Aids Foundation. One of the most emotional moments of the night was when childhood friends Michael Fahimian and Jack Harris of The Beverly Hills Estates won the Rising Star Award. They had tears in their eyes as they expressed their appreciation for the industry. Gratitude abounded when James Harris of Bond Street Partners, who won Condo Sale of the Year for their $21 million condo sale at The Century, accepted the award on behalf of himself and partner David Parnes. “The Hollywood Reporter was the first list David and I made in 2016,” he said. “And I remember just thinking to myself, that’s it. I’ve made it. We’re done. We’re great. This is the best thing ever. And it’s the one list that gets published every year that has a sentimental value to us and that we always want to make.” In an increasingly tough real estate market — battered by interest rates, the much-maligned ULA tax and the proposed Wildlife Ordinance — Harris encouraged his fellow brokers to keep the faith. “I think we need to come together and have a half glass full mentality, not half empty,” he said. “I think it’s very easy for us to dwell on the negatives and it’s very easy for us to all go out to our clients and dwell on the negatives. But I think if we all come together and we focus on the positives, which is that we live here in Los Angeles, which is I think the best lifestyle in the world, I think if we put that positive message out, if we breathe that positivity out there, only good can come from it.” It was a sentiment shared by the Kardashians’ go-to Tomer Fridman of Compass when he took the stage to accept the Celebrity Property Portfolio Award. “I think it’s just so important for us to, as James said, to kind of uplift everyone, especially in this market,” he said. “At the end of the day, we all rely on one another and the only way to make it really through is if we collaborate.” For at least one magical night — including at the after-party, held at the stunning, new $38 million Californication House, developed by Branden and Rayni Williams and Jason Somers — this spirit of unity and appreciation reigned.
Mauricio Umansky, the co-founder of real-estate brokerage The Agency — who also stars on Netflix’s Buying Beverly Hills and is a contestant on the new season of Dancing with the Stars premiering on Tuesday — is set to follow up his dancing debut by hosting The Hollywood Reporter‘s annual L.A. Power Broker Awards. The evening will take place Wednesday, Sept. 27, at the famed Castillo Del Lago estate in Lake Hollywood, a grand 1920s Spanish-style mansion once owned by Madonna. Presented by premier luxury real estate PR company The Society Group, the awards evening celebrates the powerhouse sellers on THR‘s annual list of Hollywood’s Top Real Estate Agents and includes an awards presentation in eight categories. Nominees for six categories — including Stratospheric Sale of the Year, Agent of Historic Architecture and Rising Star — are presented below, with Umansky announcing the winners at the dinner. Drew Fenton — the CEO of Carolwood Estates, which launched last November — is the winner of THR‘s L.A. Team of the Year Award for his work helming the new luxury brokerage alongside posting his own big real estate deals and working with star clients such as Cher and Justin Timberlake. Chris Cortazzo of Compass will be honored with the Philanthropic Impact Award for his commitment to giving back and his support of such organizations as the Boys & Girls Club of Malibu, Point Dume Marine Science School, Farm Sanctuary, UNICEF, Operation Smile and the Elton John Aids Foundation. The third annual Power Broker Awards, in keeping with the theme of the evening, will for the first time take place at a stunning piece of L.A. real estate that’s currently on the market. Castillo Del Lago is listed with Carolwood’s Linda May and Brett Lawyer for $18.9 million. Built circa 1926 by architect John DeLario, the nine-bedroom, 10,500-square-foot house has sweeping views looking out over Lake Hollywood and the Hollywood Sign. Mobster Bugsy Siegel is said to have run a gambling den out of the property in the 1930s. Madonna owned the mansion for a time in the 1990s, and it is currently owned by designer Leon Max of Max Studio. Post-awards, an exclusive after-party will be hosted by The Beverly Hills Estates, welcoming winners and nominees to a nightclub located inside The Californication House, a $38 million mansion hitting the market tomorrow. Team of the Year Drew Fenton, Carolwood Estates Philanthropic Impact Chris Cortazzo, Compass Stratospheric Sale Of the Year Aileen Comora & Paul Lester, The Agency Jade Mills, Coldwell Banker Kurt Rappaport, Westside Estate Agency Agent of Historic Architecture Josh Flagg, Douglas Elliman Aaron Kirman, AKG Christie’s International Real Estate Brett Lawyer, Carolwood Estates Media Maverick Rochelle Atlas Maize, Nourmand & Associates Jade Mills, Coldwell Banker Mauricio Umansky, The Agency Condo Sale of the Year James Harris & David Parnes, The Agency, and Cassandra Peterson, Coldwell Banker Leo Medeiros & Bridget Reeves, The Agency, and A. Demitrous Walker, The Hills Premier Realty Jason Oppenheim & Heather Young, Oppenheim Group, and Tomer Fridman, Compass Celebrity Property Portfolio Santiago Arana, The Agency Tomer Fridman, Compass Brett Lawyer, Carolwood Estates Rising Star Michael Fahimian & Jack Harris, The Beverly Hills Estates Alexander Howe & Weston Littlefield, AKG Christie’s International Real Estate Zac Mostame, Carolwood Estates Bryce Pennel, Compass Nichole Shanfeld, Carolwood Estates https://www.hollywoodreporter.com/lifestyle/real-estate/mauricio-umansky-host-hollywood-reporters-la-power-broker-awards-1235601095/l
From celebrity homes to red-hot markets, there is always something new happening in the world of real estate. Here’s everything you need to know. On the market Cristiano Ronaldo is renting out his Madrid mansion With Cristiano Ronaldo joining the Saudi Pro League, the 38-year-old sports star and his girlfriend Georgina Rodriguez aren’t spending much time at La Finca, their four-story Joaquin Torres–designed home in Madrid. So the couple are renting the house out for $11,000 a month, Spanish sports outlet Marca reports. For that, you get seven bedrooms, nine baths, two swimming pools, and a massive garage—not to mention a private soccer field and bleeding-edge fitness center used by soccer’s GOAT. In case you forget who owns the place, Ronaldo’s initials are embossed on La Finca’s massive front door. The minimalist mega-mansion may also look familiar to Netflix subscribers: It’s the backdrop to Rodriguez’s docuseries, I Am Georgina, now in its second season. Stevie Wonder’s former Beverly Hills home lists for $11 million The LA mansion where Stevie Wonder found his higher ground can be yours for $10.99 million. Situated in Beverly Hills’ ritzy Trousdale Estates neighborhood, 600 Clinton Place sits on a shelf in the foothills of the Santa Monica Mountains. Completed in 1970, the four-bedroom, eight-bath abode has a spacious window-filled layout offering abundant sunlight and envious views of both the city and the ocean. Other draws include a double-sided fireplace, fitness center, and four-car garage. Tall sliding doors open to the landscaped backyard, where a covered patio and oval pool are ideal for hosting. Wonder leased the property from 2011 to 2015, The New York Post reported. “This home embodies the quintessential LA lifestyle with incredible views from the hills and celebrity neighbors left and right,” said Aleks Lipovic of AKG/Christie’s International Real Estate, who shares the listing with Holland Ashrafnia, Kyle Siwik, and Aaron Kirman. “Trousdale is so quiet and private, so owners truly have the best of both worlds when it comes to entertaining and living.” TikTok Hype House hits the market If you watched Netflix’s Hype House, you should recognize 13248 Nightsky Drive in Moondark, California, as the Spanish-style mansion where the show’s young TikTokers lived and recorded their lives. The palatial home, which sports eight en suite bedrooms and more than 11,000 square feet of living space, is listed for $7,995,000 with Weston Littlefield and Alex Howe of AKG | Christie’s International Real Estate. Situated on a secluded 20-plus-acre lot in Lexington Hills, it offers extra high ceilings, long hallways, and a home theater that can accommodate close to a dozen people. Outside, an oversized pool, two hot tubs, a waterslide, and swim-up bar offer more opportunities for content creation. The property was built in 1998 but has undergone an extensive remodel since its Hollywood moment, according to the listing. Rare Washington Square town house comes to market for $30 million One of the last privately owned town homes on New York’s Washington Square Park has listed for $29.95 million. Completed in 1839, the landmark five-story residence at 26 Washington Square Park is known as the William Dare Morgan House, after the Gilded Age businessman who lived there in the 1870s and 1880s. (Morgan was a founder of New York Hospital, a governor of the Knickerbocker Club, and personal friend of Charles Dickens, among other resume highlights.) The red-brick houses along the square’s north side were known as “the Row,” a string of uniform mansions intended for New York’s social elite. Today, they are recognized as among the most outstanding examples of Greek Revival architecture in the US. Morgan added an additional story in 1880, making his the only one on the Row with five floors. He died in 1887, but his family resided at the house through the 1920s, after which it was divvied up into apartments. Subsequent residents include silent-movie producer Richard West Saunders, artist Everett Shinn, and disgraced financier Charles V. Bob, who was convicted in 1939 of defrauding his investors of $6 million. The 26-foot-wide mansion was reconfigured into five floor-through units in the 1990s and, after a major renovation five years ago, tenants have been paying more than $10,000 a month, Curbed reported. The property can easily be converted back into a single-family residence, according to the listing, held by Torsten Krines and Fred Williams of Sotheby’s International Realty/Downtown Manhattan Brokerage. Take me out to the ball game—in San Francisco A new residential tower in San Francisco practically puts residents in the outfield at Oracle Park. Last week, developer Tishman Speyer unveiled new renderings of the Canyon, a 23-story apartment building on Third Street, across from The Giants’ ball field. The MVRDV-designed tower is the first of the four buildings that will eventually make up Mission Rock, a 28-acre waterfront complex on what used to be a stadium parking lot. The project, which has been in the works for over a decade, also includes a 13-story office building designed by Henning Larsen, a second 23-story apartment from Studio Gang, and a commercial property by WORKac that will house biotech research firms. The Caynon’s 283 rental units range from studios to three bedrooms, with about a third designated as below market rate housing. The building will also include street-level retail and dining and 58,000 square feet of office space. MVRDV’s design was inspired by California’s iconic rock formations, with a narrow “valley” running between steep rocky walls that extend all the way up the building’s western façade. According to Tishman Speyer senior managing director Carl Shannon, residents will be able to move in starting in June. Sales launch Regency heads south for Miami’s La Maré Chicago-based Regency Development Group is stepping outside its usual playground for its next project: La Maré, a boutique condo complex coming to Miami’s Bay Harbor Islands. The development is composed of two eight-story buildings: The 33-unit Regency Collection at 9927 East Bay Harbor Drive and the nine-unit Signature Collection at 9781 East Bay Harbor Drive. Sale for the vertically stacked “tropical luxury villas,” as press materials call them, launched this month. Regency bought the sites in 2022 for $22.5 million and expects to break ground later this year, with completion of both buildings slated for 2025. Architect Kobi Karp, who renovated Miami’s Astor Hotel and the venerated Surf Club, is designing the exteriors, while Brazilian designer Debora Aguiar Arquitetos, who worked with Karp on 1 Hotel South Beach, is overseeing the interiors. “The design ethos is centered around its honoring natural surroundings—water and its movement—to create an ongoing connection to the environment,” Karp said in a statement. Units range from two to four bedrooms, with four additional multilevel penthouses. Owners will have access to a private boat slip, rooftop pool, and waterfront sundeck. Pricing starts at $2.875 million and goes up to $6.3 million, though Regency managing partner Michael Troyanovsky told The Real Deal that he’s in no rush to sell out. “We want to wait and see how the market plays out,” Troyanovsky said. “We don’t see the market going anywhere. We really think that the bubble of South Florida is here to stay.” News Florida bill would restrict certain foreign real estate purchases Florida has one of the hottest real estate markets in the US, but if state lawmakers have their way, some international buyers would be kept out. House Bill 1355, now up for a full vote, would prohibit nationals from “countries of concern”—a label applied to China, Russia, Venezuela, and other nations—from purchasing real estate anywhere in the state, and require them to register any existing properties. Similar initiatives have been floated in Texas, Virginia, and also in Congress, but HB 1355 has been described as a priority for Republican Governor Ron DeSantis. "We don’t want to have holdings by hostile nations," DeSantis said at a January press conference. An equivalent measure was approved unanimously in the state Senate earlier this month. But critics compare the legislation to the Chinese Exclusion Act and Nazi-era laws that required German and Austrian Jews to register their properties. “If approved, these two bills will mark Florida as the most discriminatory state in the 21st century,” Xuan Jiang wrote in an op-ed in the Orlando Sentinel. Even if the bill became law, University of Miami business professor Jason Damm told The Tampa Bay Times, “It would be difficult to imagine it’s going to make a huge dent in our market. “ The majority of Miami’s foreign real estate investors come from Latin America, Damm said, calling HB 1355 “more of a political statement than anything else.” The hottest neighborhood in America? America’s most in-demand real estate market? No, not New York or Miami. It’s Dallas. Northeast Dallas, to be exact. That’s according to HouseFresh’s examination of Zillow daily site traffic in October. HouseFresh, which normally rates indoor air quality devices, collected Zillow listings from America’s 100 biggest cities and found the most clicks in the region encompassing Lake Highland, with 36,113 hits a day. That’s compared to the Hollywood Hill’s 32,216 clicks and the Upper East Side’s 24,125, the most popular neighborhoods in the two coastal metropolises. While other Dallas sectors appear on HouseFresh’s roundup—Preston Hollow landed at Number 12 and Far North was Number 15—Phoenix, Arizona, also dominated the top ten, with areas in third (Camelback East), sixth (North Mountain), and tenth (Deer Valley) place. https://www.architecturaldigest.com/story/rent-cristiano-ronaldo-house-stevie-wonder-home-lists
A Mid-Century Modern Los Angeles home has hit the market for the first time ever for $6.495 million. Built in 1956 in the Bird Streets neighborhood, the Rubin House was built for writer-producer Stanley Rubin and actress Kathleen Hughes, his wife, by architect Richard Frazer, according to listing agent Weston Littlefield, Aaron Kirman and Alex Howe of AKG | Christie’s International Real Estate. The one-story, nearly 3,500-square-foot home has far-reaching canyon and city views. “Mid-century homes in the Bird Streets are not only difficult to come by, but they are also highly sought-after by art collectors, designers, actors and other creative enthusiasts who appreciate the design and cultural significance of architecture,” Mr. Littlefield said in an email. “These homes are not just a place to live, but they are also a statement of personal style and taste.” The Rubin House is “tucked away” on a cul-de-sac on over a half-acre lot and has a screen-like facade, giving it seclusion, the listing said. It has an exterior stone accent wall and a carport. The four-bedroom, four-bathroom residence was built next to a hillside, and is surrounded by cypress trees and other native plantings, listing photos show. It has an open floor plan, including a living area with a fireplace built into a white-washed stone wall and sliding-glass doors that open to the outdoors and a partially covered patio. It was renovated in 1978, according to records with PropertyShark, and is now being billed as a home that can be renovated to fit the new owners’ lifestyle. The home does have decidedly ’70s design elements, like turquoise kitchen cabinetry. Outside, there’s a bean-shaped pool overlooking the city and a manicured lawn, according to the listing. Rubin was known for films like “River of No Return” (1954), “Burma Convoy” (1941) and “The Ghost & Mrs. Muir “(1968), according to IMDB. He and Ms. Hughes—an actress whose work included “For Men Only” (1952) and “Telephone Time” (1956)—were married for nearly 60 years, until Rubin’s death in 2014. Mansion Global could not determine how much the home originally cost. The current owner, one of the couple’s children, was not available for comment. https://www.mansionglobal.com/articles/mid-century-modern-los-angeles-home-lists-for-nearly-6-5-million-341232530
Estate gets $24M in off-market deal offered as opportunity to renovate house or tear it down That’s some restoration project. Gary Friedman, chairman and chief executive officer of RH, formerly Restoration Hardware, is taking his toolbox elsewhere after selling a Beverly Hills estate as a potential teardown. Friedman recently sold 1360 Summitridge Pl. for $24 million, or $2,087 per square foot, according to Zillow and Weston Littlefield, who represented the buyer and the seller. Friedman bought the 2.8 acre estate for $15 million in 2019. The real estate site classifies the property as vacant land. A description of the site said it offers an opportunity to renovate a structure currently on the property, or tear it down and build something new on the site with a promontory with commanding views of Los Angeles. An LLC called Summitridge Place was listed as the buyer. Littlefield and Alex Howe of Aaron Kirman Group at Compass represented the seller in what they described as an off-market deal. Littlefield and Howe declined to comment for this story. A structure on the site was designed in 2013 by prominent architecture firm Marmol Radziner, based in the Sawtelle district on L.A.’s Westside. The structure has four bedrooms, six bathrooms, a library, media room and guest quarters with a separate entrance, according to an undated description. The structure also offered a rooftop garden and saltwater infinity pool. Located at the end of a cul-de-sac on Summitridge Place, the property is a street away from a house formerly owned by movie star Lana Turner that is listed with a sale pending. The last asking price for this house was $46.5 million, according to Zillow. Friedman has made headlines for purchasing other multimillion dollar properties in Beverly Hills. In January 2020, he bought a $37 million estate in an area of the city known as Beverly Hills Post Office. The 11,000-square-foot estate includes 5 beds and 9 baths, according to media reports. Friedman bought the property from former Northrop Grumman CEO Kent Kresa. The aerospace chief built the house on spec. With its beginnings as a retailer of high-end hardware and fixtures, RH has been a purveyor of high-end and luxe furniture, lighting and textiles for more than a decade. https://therealdeal.com/la/2022/05/03/rh-chief-gary-friedman-sells-24m-beverly-hills-estate/
Gary Friedman, chief executive of the high-end furniture retailer RH, just quietly sold his half-built home in Beverly Hills for $24 million. The off-market deal highlights the skyrocketing value of land in affluent pockets of L.A. since the pandemic. Records show Friedman bought the property in its half-finished state for $15 million in 2019, so the sale brings a profit of $9 million. Even in its unlivable state, it’s no surprise the property fetched such a fortune. It sits at the end of a cul-de-sac and spans 2.8 acres — a rare amount of land for the neighborhood. The house was originally built in 2013 by Marmol Radziner, an L.A.-based architecture firm known for its contemporary designs and restoration work, including the 2007 restoration of Richard Neutra’s Kaufmann Desert House in Palm Springs.
The newly listed country home, asking £2.25 million, was once part of Christ Church College and comes with rare “witch marks” A U.K. country house with a centuries-old security system “to protect against evil spirits” was listed last week for £2.25 million (US$3.1 million). A series of witch marks can be found throughout the exposed 17th-century wood beams of the house, which is located in the village of Garsington on the edge of Oxford, according to listing agent Samuel Lamb, a senior negotiator at Knight Frank Oxford. “They are quite rare actually,” he said. “They were known to have warded off evil spirits.” The property also was once part of the University of Oxford’s Christ Church College, and served as the kennels for the school’s hunt, Mr. Lamb noted. The Old Kennels, as the home is known, has a Grade II historic designation, which denotes a building of significant architecture. Sitting on just over an acre of land, the home has six bedrooms and three bathrooms, plus a partially converted barn, and former stables and kennel buildings. It boasts period details such as vaulted ceilings in the barn, open fireplaces and a paneled front door believed to date from the 17th century.