Signs of a Healing Housing Market

The real estate market receives some goods news as high buying season approaches. Opportunities may soon be rising for investors as the U.S. housing market shows signs of recovery. Here is what portfolio manager of the Fidelity Trend fund, Dan Kelley, told The Wall Street Journal’s MarketWatch in a recent article:

“The housing market is showing some evidence of stabilization and even improvement in the U.S. And with a reduction in inventory and an appreciation of rental rates across many markets, investors are taking another look and recognizing the value proposition the sector can provide.”

Positive trends in consumer confidence and business investing have also been supported by Fannie Mae. According to the February National Housing Survey, Fannie Mae recently reported to the Washington Business Journal an increase in consumer confidence of 19 percent since November 2011. Fannie Mae is hence predicting economic growth to improve to 2.5 percent before the end of 2012.

 

Sources: MarketWatch and Washington Business Journal

 

The Magnificent Bradbury Estate Now Offered at $78.8M

Upon entry into the guard-gated Bradbury Estates in California you’ll be greeted by breathtaking views of the city, canyon and ocean to behold an equally breathtaking compound. This 8-acre regal masterpiece is the result of over 8 years of construction by master craftsmen who employed state of the art engineering, scrupulous attention to detail and the world’s finest materials.

A dramatic 600-foot Blue Stone private entry will bring you to the estate’s main house, a residence with 7 bedrooms, 10 baths and approximately 30,000 square feet of living space plus 3,000 square feet of Loggias.  If the 3D theater, 2,000-bottle wine cellar, oak paneled elevator and leather-paneled poker room don’t impress you, surely the French limestone finishes, 40-foot vaulted ceilings, hand-painted fresco domes and Venetian plaster masterpieces will.

As if this was not enough, the estate also has a detached guesthouse with full kitchen and exquisite finishes and amenities all above the 10-car garage. While on your way to the guesthouse, you won’t be able to overlook the nearly 1-acre of porches, decks, loggias, and French Limestone walkways as well as an infinity pool, 15-person spa and temperature-controlled trout pond with a 2-story waterfall.

The Bradbury Estate is a true trophy property and has never been offered for sale, but now holds the listing price of $78,800,000. To schedule a showing please contact Hurwitz James Company in Beverley Hills at 888-681-5902.

Photos via Hurwitz James Company

Bloomberg Pursuits: New Luxury Lifestyle Magazine

We came across an article in The Editor at Large announcing a new print magazine designed for the “Global Financial Elite,” which we thought our real estate investing clients might be interested in. Bloomberg will soon be launching the Bloomberg Pursuits, a magazine that will be available on newsstands and distributed worldwide to financial professionals using Bloomberg Terminal. According to the Editor at Large article, the average reader profile is predicted to be a 38-year-old male with an average income of $452k, in other words influential business leaders and market-movers with discerning tastes. Here’s a little sample of what readers can expect.

Bloomberg Pursuits will cover the world, including fashion in Asia, Brazil and Europe, adventures in Patagonia, jewelry in London, exotic cars in New York City, resorts in Laos, and more. Editorial content includes: Product Reviews, Destinations, Advice, Real Estate & Design, Fashion, Watches and more.

To read more about the new luxury lifestyle magazine set to launch soon by Bloomberg, visit the The Editor at Large article online.

Photo by Scott Frances via The Editor at Large

Jean Pigozzi Recently Hosted Private Celebrity Yacht Party in Panama

We just heard about a high-profile party that took place in Panama recently. Jean Pigozzi, a well-known Italian businessman and art collector among other things, hosted the party at his Panama home. Pigozzi is widely famous for his private Contemporary African Art Collection but has lead several entrepreneurial successes including the Liquid Jungle Lab, an island in Punta Pacific devoted towards technologically advanced research of marine and terrestrial sciences as a part of conservation efforts. Pigozzi’s Panama home is one of five; the others are located in New York, London, Paris and Cap d’Antibes.

According to an article from Panama America, a handful of big-name celebrities flew into Panama specifically to attend Pigozzi’s party. The Hollywood personalities that made the guest list were Angelina Jolie, Catherine Zeta-Jones, Michael Douglas and Roman Abramovich. The guests were flown via helicopters to Pigozzi’s private yacht where they were then taken to an island in the Gulf of Chiriqui Pixbae. The private party included fishing and fine dining catered by five star chefs from the famous Ciudad de David, a luxury hotel in Panama.

Of course, we were not too surprised by the chosen location for this private, high-profile get together. After all, Panama was named the No. 1 place to go in 2012 by The New York Times.

For those considering investing in real estate in Panama, learn more about Panama City’s newest and most luxurious residential development, Ocean Reef Islands by contacting Hurwitz James Company at 888-681-5902.

Source: Panama America
Top photo via Cdorobek
Bottom photo via Roger Wollstadt

Panama is the Top Place to Retire for All Lifestyles

Where are do you dream of retiring? On a beautiful beach? Surrounded by majestic mountains? Or in an exciting city? You can find all three of these plus culture and more in the southernmost country of Central America, Panama. A recent article from U.S. News Money reports why Panama has become the most popular place to retire for Americans today.

Surprisingly, obtaining a residency Visa is the easy part. It’s choosing where in Panama to settle that can be difficult. But that’s where Hurwitz James Company can help. A custom-designed Ocean Reef Islands villa or single family home comes with unrivaled amenities, private beaches or a private marina boat dock and easy access to all that Panama has to offer.

As a resident of the Ocean Reef Islands, you’ll also be able to take advantage of the close proximity to Panama City. As the U.S. News Money article says, the restaurants, international-standard shopping and variety of other opportunities are just the start to this Central America city.

Read more about why Americans are finding Panama a heavenly place to retire by reading the rest of the U.S. News Money article online. To learn more about Ocean Reef Islands real estate, please contact Bob Hurwitz at 888-681-5902.

Photos via OceanReefIslands.com

Sale of Razor Featured on Fox 5 San Diego News

The sale of the world-renowned Razor residence in La Jolla, California has been one of the most exciting and newsworthy home sales in real estate for the last two years. As one of the most photographed homes in the country and the set for big-name commercials including Visa and Calvin Klein, the Razor is more than a piece of property, it is a lifestyle that is the product of architect Wallace Cunningham’s brilliance.

You see and learn about the Razor’s role in media and real estate in the recent Fox 5 San Diego segment featuring the TV star estate. To see stunning views and to peak inside the home and the recent momentous sale, you can now watch the video of the segment on Fox 5 San Diego online.


To stay tuned with the next biggest news in California and global real estate, stay connected with Hurwitz James Company by subscribing to our blog, liking Hurwitz James on Facebook, following us on Twitter or adding us on Google+.

 

Photo via Hurwitz James Company

Breaking News: The Most Famous House in America… SOLD!

The Razor legacy lives on and, finally, with a new owner! In one of the most expensive home sales in 2 years, The Razor residence in La Jolla, California closed for $14.1 million this week. The purchase of the renowned “Residence of Art“ by Donald A. Burns from broker Bob Hurwitz was finalized late in the afternoon on Tuesday, December 20, 2011. The new owner Donald A. Burns is a 47-year-old real estate investor from Palm Beach, Florida. Here’s an excerpt from the recent Sign On San Diego article featuring an interview with Bob concerning the sale…

“‘The guy is a sophisticated real estate investor,’ said Hurwitz, adding that the sale was the most ‘complex and convoluted’ one he’s ever completed in his 31-year real estate career, given all the players involved.”

As another article in the La Jolla Patch noted, The Razor sale was a long-time coming after three years and several auctions. Donald A. Burns negotiated his way to what ended up being only about one-third of the original asking price. For this magnificent masterpiece designed by Wallace E. Cunningham, an Architectural Digest Top 100 Designer, that includes an infinity pool, rooftop deck and floor-to-ceiling glass for jaw-dropping views from every room, $14.1 million was a small price to pay. After all, according to real estate sourcesit was “The most extensively marketed home in the history of residential luxury real estate.”

Sources: Sign On San Diego and La Jolla Patch
Photo via Hurwitz James Company

Hurwitz James Company is now on Google+ and YouTube

As a luxury real estate company that has listings in all corners of the world, it’s necessary for us here at Hurwitz James Company to use the latest communication technologies to stay in constant contact with our clients and partners. This is why we utilize all of the most prominent social media outlets including blogs, Facebook, Twitter and now both Google+ and YouTube.

Join our circle on Google+ and see phenomenal photos of our latest listings from Bora Bora to California to Japan. Click on the following link to see the Hurwitz James Company Google+ Page: https://plus.google.com/u/0/104379161507252666322/posts

Then check out the Hurwitz James Company YouTube Channel where you will be able to watch a picture slideshow that will allow you to tour the impressive and stunning Celebrity Owned Villa in Brentwood, California. Check back to see more of these video tours as we upload them onto YouTube. Click on the following link to visit the Hurwitz James Company YouTube Channel: http://www.youtube.com/hurwitzjamesco.

Celebrity Villa For Sale in Brentwood, California

Set behind private gates in the illustrious Brentwood California community, this stunning Celebrity Villa has an unparalleled design that is just as inviting as it is awe-inspiring. With 6 bedrooms, 8 baths and 2 powder rooms, the layout of the grandeur residence is wide open and abounding with natural light. The luxurious master suite alone has a beautiful balcony, a sitting area next to a cozy fireplace, and a bathroom with his and her baths, a steam dual shower and expansive walk-in closets.

The chef’s kitchen is an entertainer’s dream with all Viking stainless steel appliances, wet and dry butlers’ pantries, an extraordinary formal dining room and a charming breakfast room. The kitchen opens out onto the over-sized deck with a view of the sweeping backyard complete with pool and spa. As if this was not enough, there’s also a fantastic home theater, wetbar, elevator, separate dens and maids quarters and a double-gated garage.

Offered at $6,950,000, the Celebrity Villa can be viewed by interested buyers through scheduling an appointment with Bob Hurwitz at 310-477-8865.

 

A Peek Into Hurwitz James Company’s Upcoming Projects

Bob Hurwitz has to be very selective when it comes to choosing the developments that Hurwitz James Company will represent. Although he has highly experienced luxury residence marketing and sales teams, Bob has to make sure the project, Bob has to ensure that they can reach the project market effectively. Unfortunately, this means Bob cannot take on every opportunity. Deciding that they were a good fit, here are the projects that Hurwitz James Company are currently working on.

  • The $120 Million Genesis Puntarenas Development in Costa Rica.
  • The $1.3 Billion dollar Cosmopolis luxury home and gated community in the Herradura rainforest.
  • A Green development in an ocean golf resort in Bora Bora with twenty 8.5 to 9 million Euro luxury villas that each include partial ownership in the golf course, spa and restaurant.
Bob Hurwitz has also been traveling to the Caribbean, Brazil and a beautiful island hotel resort in Italy to work on upcoming luxury development projects. Stay in the know, and subscribe to the Hurwitz James Company Blog, “like” us on Facebook and follow us on Twitter to see some of the world’s most beautiful places to live with the most luxurious amenities.