Real Estate Luminary Shelton Wilder Transitions from Sotheby's to Join Christie's International Real Estate's Elite Roster!

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The Impressive Success of Cindy Ambuehl in the Luxury Real Estate Market

Cindy Ambuehl, a seasoned real estate agent in the ultra-competitive luxury market of Los Angeles, has consistently proven herself as a top producer. With a background in the entertainment industry as an actress and model, Ambuehl effortlessly connects with clients and utilizes her excellent negotiation skills to navigate the high-end property market successfully. In the face of the global pandemic, Ambuehl showcased her resilience and determination by closing over $200 million in deals in 2020. Undeterred by market challenges, she continued to surpass expectations in 2021, achieving an impressive sales volume of over $300 million. Despite the demanding conditions of the market in 2022, Ambuehl’s success persisted. Closing an astounding 38 deals, she accomplished a transaction volume totaling $250 million. Her ability to adapt to market fluctuations and deliver outstanding results speaks to her expertise and dedication. Ambuehl’s strong track record and keen understanding of the luxury real estate market have earned her the trust of discerning homebuyers, sellers, and fellow agents in the greater Los Angeles area. Her natural ability to connect with people sets her apart in a highly competitive industry, allowing her to forge lasting relationships and deliver exceptional service to her clients. Navigating the luxury real estate market requires a nuanced understanding of the industry, exceptional negotiation skills, and a network of trusted contacts. Ambuehl possesses all these qualities and goes above and beyond to ensure her clients’ satisfaction. Her impressive sales volumes and unwavering dedication are a testament to her professionalism, expertise, and ability to achieve remarkable results. In conclusion, Cindy Ambuehl’s success in the luxury real estate market is a testament to her remarkable skills, adaptability, and dedication to her clients. With her in-depth knowledge of the industry, strong negotiation abilities, and extensive network, she consistently delivers outstanding results. Whether buying or selling a luxurious property in the greater Los Angeles area, clients can trust in Ambuehl’s expertise and exceptional service to guide them towards a successful transaction. Sources: – Christie’s International Real Estate https://offplanpropertyexchange.com/news/leaders-of-influence-residential-real-estate-brokers-2023-cindy-ambuehl-los-angeles-business-journal/93637/

Leaders of Influence: Residential Real Estate Brokers 2023 – Cindy Ambuehl

CINDY AMBUEHL AKG | Christie’s International Real Estate Cindy Ambuehl consistently ranks as a top producer in one of the world’s most competitive luxury markets while retaining the trust of the area’s savviest homebuyers, sellers and fellow agents. A familiar face who spent 20 years in the entertainment industry as a prominent actress and model, Ambuehl now leverages her natural ability to connect with people—not to mention her impressive capacity for negotiation—as a full-time agent, helping clients buy and sell the most luxurious properties the greater Los Angeles area has to offer. In 2020, she closed over $200 million in deals during the height of the global pandemic. She continued to raise the bar and increase her sales volume in 2021, completing over $300 million in sales. Despite the challenging market conditions in 2022, Ambuehl achieved remarkable success by closing an impressive 38 deals, totaling a transaction volume of $250 million. https://labusinessjournal.com/custom-content/leaders-of-influence-residential-real-estate-brokers-2023-cindy-ambuehl/

Alex Pall of The Chainsmokers buys Mischa Barton’s former home in Beverly Hills for $8.8 million

Alex Pall, best known as half of the American electronic DJ and production pair The Chainsmokers, has acquired a new property. The EDM pop artist who works closely with musical partner Drew Taggart is responsible for chart-topping hits including #Selfie, Closer, and Roses. Now he has added another gem to his impressive real estate portfolio: an Italian-inspired villa in one of Hollywood’s most exclusive neighborhoods, and one of the world's best homes. The California home, known as the Bowmont Estate, was formerly owned by the British actress Mischa Barton who starred in the cult classic The O.C. and held roles in beloved films like Notting Hill. Pall’s new estate was originally listed by Aaron Kirman Group | Christie's International Real Estate, a brokerage firm famous for its focus on luxury and exclusive properties. Robb Report Real Estate has shared photos, and the Bowmont estate certainly fits this bill. The home is simultaneously rustic Mediterranean and glamorous, featuring beautifully stained dark wood exposed beams on white matte walls and ceilings. Intricate wrought iron details (including railings, chandeliers, and doorways) add a touch of antique flair. Bowmont estate’s flooring alternates between high-quality hardwood floors and Italian-style terra cotta tile. Large windows throughout the house fill the home with natural light which is enhanced by the romantic greenery in the home’s California-style garden. The Chainsmoker’s new home is equipped with four bedrooms and nine bathrooms. This Beverly Hills estate also includes two guest houses, each of which has its own bedroom. The primary bedroom suite is stunning and no detail has been spared. It includes a romantic fireplace, a cozy balcony, and two closets for the DJ to store all of his clothes. His new primary bathroom is another selling feature, with two steam showers and a large soaking tub. A covered loggia in the backyard offers the perfect place to entertain among climbing vines and vibrant bougainvillea. https:https://www.homesandgardens.com/celebrity-style/mischa-bartons-former-home-in-beverly-hills

Mischa Barton’s Former Beverly Hills Estate Sells to The Chainsmokers’ Alex Pall for $8.8 Million

After spending a little more than two months on the market for just under $10 million, this posh Italian-inspired villa high above Beverly Hills has officially traded hands for $8.8 million. Records show the discount-minded buyer is musician Alex Pall, who is probably best known as one-half of the Grammy-winning DJ duo The Chainsmokers. Last sold in summer 2021 for just under $9.2 million, the three-building compound is probably best known as the one-time residence of British-born actress Mischa Barton, who paid $6.4 million for the place back in 2005 when she was starring as Marissa Cooper on Fox’s hit TV show The O.C. She went on to list the lavish abode for $8.7 million some five years later, after falling behind on her mortgage payments, before finally managing to unload it in 2016 for a smidge over $7 million to an entity linked to Agoura Hills-based investment firm Strategic Acquisitions Inc. Tucked away behind walls and gates, on a 1.2-acre parcel sited in the Beverly Hills Post Office area, the property was completed in 2003. Known as the Bowmont estate, the stucco and terra-cotta-roof structure includes a main house and two guesthouses—for a total of six bedrooms and nine baths in over 10,000 square feet of living space packed with glitzy amenities like a game room, wine cellar, gym and movie theater. The main house is introduced via a double-height foyer displaying a curving wrought-iron staircase, which flows to formal living and dining rooms, an office space, and a gourmet kitchen decked out with a marble-topped eat-in island, top-tier stainless appliances and a breakfast nook. Upstairs, a sumptuous master retreat is accessible via double doors, and comes complete with a fireplace, balcony, dual closets, and a bath sporting a soaking tub and pair of steam showers. Not to be overlooked are the picturesque grounds, which are laced with greenery and bougainvillea, and spotlighted by a lap pool and covered loggia. There’s also a detached garage for three vehicles, plus a motorcourt equipped with a handy car turntable. In addition to his new Beverly Hills home, Pall also maintains several houses throughout the Los Angeles area, including a 1930s bungalow in the Hollywood Hills that he bought in 2013 for $2.7 million and then remodeled. As for Barton, she’s currently set to guest star in an Amazon Freevee reboot of the Australian drama Neighbours. The listing was held by Aaron Kirman, Cindy Ambuehl and Daniel Milstein of AKG | Christie’s International Real Estate; James Harris and David Parnes of The Agency repped Pall. https://robbreport.com/shelter/celebrity-homes/alex-pall-mischa-barton-house-beverly-hills-1234880978/

Top Real Estate Companies in Los Angeles

Known for its art and entertainment industry, great weather, sunny beaches and unique cultural diversity, Los Angeles is an incredible place to live. Whether it's the food, boardwalks, sports or amusement parks, there's always something to do and memories to be made in the City of Angels. All that excitement comes at a cost. The average home price in Los Angeles is $922,548, according to Zillow. This is a 4.8% decrease in value from last year. If you’re going to buy a home in such an expensive housing market, it's highly recommended that you pick the best possible real estate agent for you. Here is a list of the top real estate firms in Los Angeles. 1. Chris Cortazzo 2. Pardee Properties 3. Fridman Group 4. Ginger Glass 5. Santiago Arana 6. Smith & Berg Partners 7. Stephanie Younger Group 8. Carl Gambino 9. Cindy Ambuehl 10. Jenna Cooper 1. Chris Cortazzo Affiliated with Compass, Chris Cortazzo prides himself on his knowledge, passion, discretion and integrity, which has fueled his real estate business for 29 years. Cortazzo has amassed more than $8 billion in career sales, achieving more than $1 billion in sales for 2021alone. Cortazzo serves Malibu-area communities including Big Rock, Encinal Canyon, Escondido Beach and Paradise Cove. A Malibu native, he has knowledge and experience in the local market, which allows him to match clients with their ideal properties. 2. Pardee Properties Since its inception in 2004, Pardee Properties has accrued $6 billion in sales. Founder and CEO Tami Pardee is known for her cutting-edge brokerage model and specialized teams. As a team of more than 40, Pardee Properties serve communities in and around Los Angeles, including Malibu, La Verne and El Monte. 3. Fridman Group Affiliated with Compass, the Fridman Group has amassed more than $6 billion in sales, with $840 million in closed transactions in 2022 alone, selling luxury estates, architecturally significant homes, branded collections and land developments. The team of 17 serves a wide range of Los Angeles areas including Beverly Hills, Calabasas and Hidden Hills. 4. Ginger Glass Affiliated with Compass, Ginger Glass operates all aspects of marketing and property sales. Glass has recorded more than 1,500 real estate sales throughout Beverly Hills, Beverly Hills Post Office, Bel Air, Westwood and Sunset Strip, to name a few. Glass also brings a legal perspective to the table, having worked as a licensed attorney for 20 years. 5. Santiago Arana As principal and partner at The Agency, Santiago Arana reeled in almost $2.5 billion in sales from 2017 to 2021. Arana serves Los Angeles communities like Santa Monica, Malibu, Beverly Hills and Bel Air. He brings additional experience to the table from having served as director of The Agency’s “New Construction Division.” From Sucre, Bolivia, Santiago has also built a network of international connections. 6. Smith & Berg Partners Affiliated with Compass, Smith & Berg Partners are a staple in the Southern California real estate industry. This team of 16 professionals is led by founders F. Ron Smith and David Berg, both of whom combines have 52 years of real estate experience and have led the firm to more than $6.5 billion in sales. The team serves several communities around Los Angeles including Malibu, Saint John Parish, Santa Monica and Venice. 7. Stephanie Younger Group Affiliated with Compass, the Stephanie Younger Group has more than $2.5 billion in total sales and landed a volume of nearly $400 million in sales for 2022. Led by Los Angeles native Stephanie Younger, the team of 19 serves communities such as Santa Monica, Westchester, Playa Vista, Playa Del Rey and Marina Del Rey. 8. Carl Gambino Affiliated with Compass, the Gambino team operates in Los Angeles as well as New York City, the Hamptons and Miami. Serving Los Angeles communities like West Hollywood, Venice and Malibu, his team of 10 licensed agents managed to accrue more than $351 million in residential sales in 2022. 9. Cindy Ambuehl Affiliated with AKG Christie’s International Real Estate, Cindy Ambuehl has worked in real estate for 16 years and tallied $2 billion in total sales volume, recording a 75% sales increase year over year in 2022. Ambuehl serves Los Angeles communities including Beverly Hills, Redondo Beach and Pacific Palisades. She's a familiar face who spent 20 years in the entertainment industry as an actress and model. 10. Jenna Cooper Affiliated with Compass, Jenna Cooper and her team of eight brought in more than $200 million in residential sales in 2022. Cooper's career includes 10 years in the entertainment industry and 20 in real estate. The team primarily serves the Hancock Park, West Hollywood, Los Feliz, Silver Lake and Hollywood Hills communities. How to Find a Real Estate Agent Near You Your search for a real estate agent in Los Angeles might start with one of the firms above. But it's essential that you ask around and interview various agents in order to find the right one for you. In a housing market as competitive and expensive as Los Angeles, it is imperative that you pay attention to every detail and find an agent who understands your unique needs and wants as a buyer. https://realestate.usnews.com/real-estate/agents/top-real-estate-companies/top-real-estate-companies-in-los-angeles

LA real estate agents strategize SAG strike survival

When the actors union SAG-AFTRA declared a strike on July 14, real estate agents across Los Angeles grit their teeth to prepare for what could be a tough few months. Entertainment is a high marquee business in Los Angeles, and many luxury agents cater to people in the industry. “Now it’s real,” said Steve Clark, founder of Backbeat Homes, a Pasadena-headquartered firm which focuses on serving people in the entertainment sector. When Writers Guild of America, a relatively small union, went on strike in May, many Los Angeles luxury real estate agents were concerned. But SAG commands a big presence in Los Angeles. It has 160,000 members. “Once actors are striking, that’s a critical moment. It will shake the city,” Clark said. Kerry Ann Sullivan, an agent with Pardee Properties headquartered in Venice, said the strike is anticipated to make agents seek more business with people in other fields such as tech. When the actors union SAG-AFTRA declared a strike on July 14, real estate agents across Los Angeles grit their teeth to prepare for what could be a tough few months. Entertainment is a high marquee business in Los Angeles, and many luxury agents cater to people in the industry. “Now it’s real,” said Steve Clark, founder of Backbeat Homes, a Pasadena-headquartered firm which focuses on serving people in the entertainment sector. When Writers Guild of America, a relatively small union, went on strike in May, many Los Angeles luxury real estate agents were concerned. But SAG commands a big presence in Los Angeles. It has 160,000 members. “Once actors are striking, that’s a critical moment. It will shake the city,” Clark said. Kerry Ann Sullivan, an agent with Pardee Properties headquartered in Venice, said the strike is anticipated to make agents seek more business with people in other fields such as tech. “When one business strikes, it can make everyone else pause and make people hesitant. You don’t know if it can trickle over to their business,” Sullivan said. “I’ve seen a few buyers pause a home search because they are in the entertainment business. But I haven’t seen any fire sales.” Clark said while some of his entertainment business clients paused searches, economic pressures from the strike will force others to sell homes, which might create opportunities for agents. Mason Canter, an agent who formerly worked as an actor and still has a SAG card, estimated that 35 percent of his business comes from people in entertainment. He said there’s talk of agents leaving the business because of the strike. “There’s more competition for the same deals. I find more agents being more aggressive in the sense of making every deal count the most,” said Canter of the self-named Mason Canter Group. He also forecast that it will take time for the real estate market to rally once the strike is over and creatives go back to work. “They didn’t have income for three months. Now they got to show income to prove they are viable for a loan. This could take us to the end of the year,” he said. Cindy Ambuehl, an agent in the recently opened AKG Christie’s International Real Estate office in Brentwood, also maintains SAG-AFTRA membership. She said the economic pressures are growing. “The pandemic, high interest rates, ULA tax, insurance premiums and now a strike of our leading industry — we just keep getting hit. But as always, we will ride it out by embracing these difficult challenges. I think we’ll come back even stronger,” Ambuehl said https://therealdeal.com/la/2023/07/18/la-real-estate-agents-devise-strategies-for-sag-strike-survival/

Mischa Barton’s Former Beverly Hills Estate Hits the Market for $10 Million

A new California listing just hit the market with ties to one of The O.C.’s star actresses. Set on over an acre of land, a Beverly Hills compound once owned by Mischa Barton can now be yours for $10 million. The six-bedroom, nine-bathroom Bowmont estate offers four beds in the main residence and one in each of the two guest houses. You’ll find most of the luxe amenities inside the 10,305-square-foot main residence that range from great rooms with soaring ceilings to a home theater to a backyard pool. Scenic views from the property also make you feel as though you’ve left the City of Angels behind and landed in Northern Italy. Upon your arrival at the estate, the main residence’s stony facade covered in cascading greenery welcomes you inside. A decorative iron door allows you to enter the interior, where you’ll spot exposed wood-beam ceilings and stone flooring—both of which are key design details you’ll notice are carried throughout the abode. The heart of the manse, on ground level, features a light-filled space surrounded by an iron-rail staircase and the nearby formal dining room. A spacious chef’s kitchen fitted with wooden cabinetry, a massive island with seating, and top-of-the-line appliances can also be found on the same floor, alongside a breakfast eating area. The formal living room features a decorative fireplace alongside an excess of windows and doors that lead out to the verdant grounds. An office space sits to the right of the living room space. One floor above lies the grand primary bedroom that also houses a fireplace, as well as a private balcony with scenic views of the grounds. The complimentary primary bathroom has two steam showers, a soaking tub, and four tall windows that let the light in. And to store your designer wardrobe, the space also includes two closets with excess space and views of L.A. Other luxe amenities you’ll find inside the home include a game room, a wine cellar, a home gym, and a theater room for entertaining.

Former Beverly Hills Home of Mischa Barton Hits the Market for $9.99M

Located in the exclusive Bowmont Estates community in Beverly Hills, this exquisite Italian-inspired estate is currently on the market, ready for a new owner to call it home. The stunning property gained prominence when actress Mischa Barton, known for her role as Marissa Cooper on the hit TV show “The O.C.,” purchased it in 2005 for a staggering $6.4 million. In order to fund this purchase, Barton took out a $4.2 million loan, showcasing her dedication to acquiring this luxurious property. However, as time went on, Barton decided to part ways with the 10,305-square-foot beauty. In 2010, she attempted to rent it out for $35,000 per month and later listed it for sale at $8.9 million. Unfortunately, financial difficulties arose, and in 2014, Barton faced the risk of losing the mansion to foreclosure due to outstanding mortgage payments, amounting to over $100,000. It was an arduous time for the actress and the property soon fell into the hands of an LLC called LLK Secured. Now, this remarkable residence has resurfaced on the market, seeking a new owner at a price of $9.99 million. The listing is being handled by renowned real estate agents Aaron Kirman, Cindy Ambuehl, and Daniel Millstein of AKG | Christie’s International Real Estate, ensuring that potential buyers receive exceptional service throughout the purchasing process. Beyond its illustrious location and intriguing celebrity history, this property, built in 2003, offers an array of impressive features. Amidst the lush surroundings, the estate boasts a home theater, two separate guest houses with one bedroom each, and a six-bedroom main house. The kitchen, adorned with dual sinks and exposed beams, showcases elegance in every detail. Meanwhile, the primary suite provides a cozy fireplace, a balcony overlooking the stunning scenery, and an ensuite bathroom complete with two steam showers and a soaking tub for ultimate relaxation.

Mischa Barton’s former Beverly Hills home lists for $9.99M

An Italian-inspired stunner that an actress once went into a great deal of debt to acquire is now looking for a new owner. Mischa Barton, 37, bought this Beverly Hills home, located in the gated Bowmont Estates community, for $6.4 million in 2005, Page Six previously reported. At the time, Barton was starring as Marissa Cooper on Fox’s hit TV show “The O.C.,” and took out a $4.2 million loan to purchase the six-bedroom, nine-bathroom California compound. By 2010, though, she wanted to offload the 10,305-square-foot beauty — first trying to rent it out for $35,000 and later listing it for $8.9 million. Then, in 2014, it was reported she’d missed more than $100,000 in back mortgage payments and was at risk of losing the 90210 ZIP code mansion to foreclosure.

Offerpad Aims For Reverse Stock Split, Plus Cindy Ambuehl Joins Christie’s International Real Estate

Cindy Ambuehl Joins AKG | Christie’s International Real Estate Cindy Ambuehl may be synonymous with luxury westside real estate, but now she’s taking that expertise to a new brokerage home: Christie’s. The Compass legend has joined Christie’s as the new Executive Director of Luxury Estates at a new AKG Brentwood office. “I am thrilled to be joining AKG | Christie’s International Real Estate and serving as Executive Director of Luxury Estates at their new Brentwood office,” said Ambuehl. “From the moment I learned about its principles and culture, I knew this was the place where I belonged. AKG and Christie’s unwavering commitment to ethical practices, its dynamic vision and emphasis on building strong relationships with clients and communities, and trust above all else approach, resonates deeply with my own values. I am excited to be part of a brokerage that consistently strives for excellence and upholds the highest standards in everything we do. Together, I am confident that we will achieve great things and make a positive impact in the industry.” The Brentwood location marks AKG | Christie’s International Real Estate’s 3rd office, further expanding its growing network across The Golden State. Offerpad Executes 1-for-15 Reverse Stock Split iBuyer Offered is trying to stave off de-listing by executing a reverse stock split. Generally seen as a sign of financial weakness, the reverse stock split is intended to, among other things, increase the per share trading price of the Class A Common Stock to satisfy the price requirements for continued listing on the NYSE. The Reverse Stock Split was approved by the Company’s stockholders at its 2023 Annual Meeting of Stockholders on June 8, 2023 with the final 1-for-15 ratio determined by the Company’s board of directors. Every 15 shares of common stock outstanding and held of record by each stockholder of the company will be automatically reclassified into one new share of common stock. As a result of the reverse stock split, proportionate adjustments will be made to the number of shares of common stock underlying Offerpad’s outstanding equity awards and the number of shares issuable under Offerpad’s equity incentive plans and existing agreements, as well as the exercise price and/or any stock price goals, as applicable. Offerpad received a noncompliance notice from the exchange in November after the closing price of the company’s shares fell below the required $1 average over a consecutive 30-day trading period. https://californialistings.com/2023/06/15/offerpad-aims-for-reverse-stock-split-plus-a-compass-legend-heads-to-christies/

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