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

The Razor Residence will be Auctioned Tomorrow!

Tomorrow – Thursday, November 10, 2011 – is the day! The Razor Residence will be auctioned tomorrow morning at 11am! The suspense is unbearable, and we cannot wait to see who will become the fortuitous new owner of the most architecturally unique home in the world. We’re imagining the suspense will be quite intense tomorrow as bidders will be vying for the chance to wake up every morning to the most stunning views in all of California in a the one-of-kind architectural masterpiece designed by world-renowned architect Wallace E. Cunningham.

To those qualified bidders who will be attending the auction tomorrow, please remember to bring a Cashier’s Check in the amount of $500,000 made out to themselves or to Leslie Gladstone, Trustee in order to participate. The auction will be an oral bid conducted by the Trustee, and the bidding will begin at US $13,900,000. The property will be sold free and clear liens, unfinished and as is.  The successful bidder will sign a non-contingency purchase agreement, and the sale will be subject to a lender’s approval. Happy Bidding!

For additional information or questions please contact Hurwitz James Company at 888-681-5902.

Photos via Hurwitz James Company

UPDATE: New Terms for the Razor Residence Auction Nov. 10

The terms for the auction of the world-famous Razor Residence, designed by renowned architect Wallace E. Cunningham, have been changed. Interested bidders are no longer required to wire in $500K to the trustee one week prior to the auction. Instead, bidders are now allowed to show proof of funds to close the sale two days prior to the auction! This change is to encourage interested parties to seal the deal before the auction in order to get the best price possible.

Auction Details

Who: For qualified bidders only (to participate, bidders or their authorized representatives must bring a Cashier’s Check in the amount of $500,000 made out to themselves or to Leslie Gladstone, Trustee)

What: The auction will be an oral bid

When: 11AM PDT on Thursday, November 10, 2011

Where: The office of the attorney for the Trustee: Jeff Davis of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. at 3580 Carmel Mountain Road, Suite 300 in San Diego, California

How: The auction will be conducted by the Trustee; the bidding will begin at US$13,900,000, and bids are required to be in US dollars and in cash

Parties interested in potentially purchasing the property prior to the auction should contact Bob Hurwitz to schedule an appointment right away at 888-681-5902.

New Profile of The Razor Residence on The Pinnacle List

Just when we thought The La Jolla Razor Residence couldn’t appear any more radiant in photos, The Pinnacle List released a new profile of the “one-of-a-kind” architectural masterpiece. Appearing in the light of a sunny day, the work of architect William Cunningham transforms into an immaculate sculpture of epic property proportions. Simply put, these views cannot be recreated.

When the sun begins to make its descent, every wall made transparent by floor-to-ceiling glass is converted into a live painting of the sinking sun into the ocean waters framed by the crests of coastal cliffs. The 60-foot infinity pool reflects the brilliant colors of the sunset sky for an even more breathtaking presentation. Defined by its location, The Razor design is a daily celebration of Mother Earth’s majestic beauty.

The destiny of The Razor is yet to be determined as the property remains on the market and one offer still on the table. Qualified buyers who are interested in learning more about The Razor or would like to an appointment to see the estate, can schedule on The Pinnacle List online or by calling Bob Hurwitz at 310.477.8865.

Photos courtesy of TPL

Breaking News on The Razor Residence

Due to the high levels of inquiries and publicity on the world-famous Razor Residence, Hurwitz James Company has decided to postpone the auction originally scheduled for Tuesday, September 27. If the estate was not sold prior to the auction date, the bidding was supposed to start tomorrow at $16 million to an exclusive group of qualified-buyers.

As the Razor has continued to make headlines, our phones have continued to ring. There has been a number of inquiries from overseas buyers who were unable to schedule visits prior to the auction date.

But that’s not the only piece of breaking news we have. There is actually one cash offer for The Razor that is currently under consideration. Who is this potential buyer? You’ll have to check back with the Hurwitz James Company Blog to find out! We’ll be sure to post updates on The Razor for our readers as soon as more information is released.

 

Aston Martin Unveils V12 Zagato at The Razor Residence

Photos by Kris Cyganiak

“As the V12 Zagato is a true expression of prestige and exclusivity, it is only fitting that Aston Martin would select to host an event in one of the ultimate expressions of modern luxury available today in a home that has been described as a trophy property and an architectural masterpiece,” said owner of the Pinnacle List Kris Cyganiak.

A little over a week ago, an exclusive evening event culminated in ultimate luxury when Aston Martin unveiled the new V12 Zagato at The Razor. The producer of the most sought-after sports cars Aston Martin chose the masterwork of renowned architect William Cunningham as the location for the anticipated reveal.

As Kris Cyganiak said in his editorial of the event, “The Aston Martin V12 Zagato is a bold and elegant design inspiration of luxury that could only be matched by the architectural wonder that is The Razor.”

 The V12 is the result of a new collaboration as the Aston Martin brand celebrated its 50th year of collaborating with famed Italian design house Zagato on the DB4GT.

Attendees of the high-profile event enjoyed cocktails and a special menu prepared by La Valencia Hotel executive chef Lance Repp while The Razor was open for their viewing pleasure.

 

Read about the event and see more stunning photos by visiting Kris Cyganiak’s article:

http://www.thepinnaclelist.com/blogs/kriscyganiak/2011/09/aston-martin-reveals-v12-zagato-supercar-the-razor-residence-003/

Check back with us here at Hurwitz James Company to find out who will become the fortunate new owner of The Razor Residence currently on the market and set to be auctioned on September 27th.

The Latest on The Razor Residence as the Auction Approaches

Our architectural work of art in La Jolla, California,  The Razor Residence, is currently the talk of the real estate town. CNN, AOL, ABC Channel 10 and ABC National have all featured the infamous estate, which is still scheduled to be auctioned on Tuesday, September 27th.

As you can imagine, The Razor is keeping Bob Hurwitz very busy with all of the high-profile interviews and the numerous tours to qualified buyers coming from as far away as Sweden to see this masterpiece property. Bob Hurwitz has been making it known to qualified buyers that the best possible price will most likely be achieved prior to the auction. As the sole judge of the rules by which the auction will be conducted and the high bidder, the Trustee will start the bidding at $16 million with overbids in increments of $100,000.

See what Unique Homes and AOL have been saying about The Razor as the suspense builds and the real estate world waits to see who will purchase the one-of-a-kind property.