Showing posts with label Beverly Hills Real Estate. Show all posts
Showing posts with label Beverly Hills Real Estate. Show all posts

Saturday, November 19, 2011

Benedict Canyon Saudi Prince Mega-Compound Disagreement



Courtesy of/Via HAUTE LIVING
Posted By Alison Cavatore
Photography by Curbed LA | Vanity Fair
In Benedict Canyon, Saudi Prince Abdulaziz ibn Abdullah ibn Abdulaziz al Saud is causing a stir with his neighbors as he plans to build a 60,000 square foot mega-compound on three parcels of land.


Totaling 5.2 acres at the end of Tower Lane, Saudi Prince Abdulaziz ibn Abdullah ibn Abdulaziz al Saud’s planned project is terrifying his wealthy neighbors. Led by Benedict Canyon resident Martha Karsh, whose husband is the cofounder of Oaktree Capital Management and a billionaire, neighbors have fought the mega-compound and recently the LA Planning Department has said the prince will need a full environmental review before he can begin construction.


The land, which the prince wants to build on, was once home to a Wallace Neff-design Spanish Colonial built by War and Peace director King Vidor. Jon Peters, producer of Rain Man, tore it down in a fit of pique during a nasty divorce.

Due to a 2005 ordinance, there are 12 feet height limits to retaining walls. The day before the ordinance went into effect, Jon Peters received a permit to build a retaining green wall that was more than 20 feet tall. In addition, before he tore the house down, Peters constructed a giant below-ground showroom to house his Ferrari collection. According to old listings for the property, the showroom can fit 14 cars.


Peters was once friends with Martha Karsh and she asked him to let her do some work that required equipment to be run through his driveway. One day when he came home, he found 20 trucks in his front yard and from that day on, the friendship was over and “it was war.” He also claims the Karshes attempted to purchase his property, but he refused to sell it to them.


Peters was the one who commissioned plans for a mega-compound from one of Los Angeles’ most prolific mansion architects, Richard Landry. When the prince purchased the land, he got the plans included in the package.


Florence Mattar
Coldwell Banker Beverly Hills North
301 North Canon Drive, Suite E
Beverly Hills, California 90210
310.927.2777

Coldwell Banker Releases Prices Of Homes In College Markets, Westwood (L.A.) Tops List

By: Darren Rovell
CNBC Sports Business Reporter
Courtesy of CNBC

Real estate company Coldwell Banker has released its annual list of average home listings in college football towns (FBS). The average prices are for a three-bedroom, two bathroom home.

Here are some of the highlights.

The cheapest home in a college football market is Memphis, Tenn.

At an average of $89,244, it's the only market that features an average listing of less than $100,000. After Memphis, the next five markets are all in the MAC: Muncie, Ind. (Ball State) is #2 at $107,346, Ypsilanti, Mich. (Eastern Michigan) is #3 at $107,458, Toledo is #4 at $112,688, Kalamazoo, Mich. (Western Michigan) is $116,455 and Buffalo is $123,212.

I'm not a real estate expert, so some things definitely surprised me. Fort Worth, Texas (home of TCU) came in at 8th cheapest with an average listing of $128,491, cheaper than the likes of Lubbock, Texas ($133,136), home of Texas Tech and Moscow, Idaho ($140,182), where the University of Idaho is located.

WESTWOOD VILLAGE, HOME OF UCLA
I've been to both South Bend, Indiana (Notre Dame), and El Paso, Texas (UTEP) and I'm surprised that the average home in South Bend was listed for only $1,500 more than El Paso ($152,106 vs. $150,644). As far as rivalries go, houses by Oklahoma State (Stillwater) were about $9,000 less than houses by the University of Oklahoma (Norman).

Although they are so close
to each other, UNC (Chapel Hill, NC) is much more expensive ($327,888) than homes near Duke (Durham, NC), which average a listing of $182,392.

There's not a lot of shock in the most expensive college towns: Led by the Westwood area of Los Angeles (UCLA) and Palo Alto, Calif (Stanford), which average listings of $1,271,428 and $1,232,070, according to Coldwell Banker.

COLDWELL BANKER BEVERLY HILLS NORTH IS RANKED #1 OFFICE THROUGH OCTOBER OF 2011


Coldwell Banker Beverly Hills North is yet again ranked #1 among Coldwell Banker's offices through October of 2011!  It is an honor to be among the real estate professionals associated with the success of this office and its prestigious ranking!

Florence Mattar
Coldwell Banker Beverly Hills North
301 North Canon Drive, Suite E
Beverly Hills, California 90210
310.927.2777





The Nation’s Top-Producing Office
Beverly Hills North is a proud member of America's oldest and most prestigious residential real estate organization and has the distinction of being the most successful branch office of Coldwell Banker's 100-year-old corporation.

In 2010, more than 190 full-time real estate professionals of Beverly Hills North celebrated another year as Coldwell Banker's nationwide leader, with over 1 billion in sales