Her heart might be in Havana, but Cuban-American singer-songwriter Camila Cabello has been living a beautiful life with her best friend and now former partner, Canadian singer Shawn Mendes, in a Hollywood Hills home that has everything, including a recording studio. She recently put her home on the market for $3.95 million. Though together for
Real Estate
Commercial real estate financing structures often include not only mortgage loans but also mezzanine loans. These latter loans are secured by pledges of ownership interests in the mortgage borrower. If the mezzanine loan defaults, the mezzanine lender can foreclose on the ownership interests in the mortgage borrower. Through that foreclosure, the mezzanine lender, or sometimes
If you own property in New York City larger than 25,000 square feet, then you need to meet Local Law 97 benchmarks soon as a result of the Climate Mobilization Act. This law stipulates that owners of larger buildings must reduce emissions 40% by 2030 or face substantial fines. However, the change is being phased
While many methodologies are used to close a sale, there is perhaps no more valuable tool than personal experience—-it’s much easier to speak to a product’s strengths if one has an intimate knowledge of it. That’s why car salespeople are encouraged to take what’s on the lot out for a test drive or why sommeliers
House museums are a mixed bag: maybe the house is beautiful, but its owner’s story, not so much, as at Monticello. Or, consider Frank Lloyd Wright’s Fallingwater: a more spectacular home would be hard to find, but it’s hard to imagine living in it. Hearst Castle is magnificent, but we don’t love William Randolph Hearst
If you’re going to splurge on a gift for a family member or friend, yet another bottle of wine, cashmere scarf or wallet simply won’t do. A gift for the home, kitchen, or something that can elevate an everyday experience will be far more meaningful. Whether it is an original piece of art, a well-designed
Victor F. “Trey” Trahan III, FAIA, the founder and CEO of Trahan Architects, has been selected as this year’s Laureate of The American Prize for Architecture by both The Chicago Athenaeum: Museum of Architecture and Design and The European Centre for Architecture Art Design and Urban Studies. Trahan Architects is a global architecture firm with
A company that started with one guy trying to help his friend buy a house has just reached $312 million in a mix of debt and equity funding. Founded in 2017, Up&Up, which aims to help renters accrue wealth during the duration of their tenancy, announces today their latest raise of $275 million. Khosala Ventures
Whether you’re just starting out in real estate (congratulations!) or making the switch from another career, there’s a lot of excitement in store for you. You’re in a field with absolutely no financial ceiling and unlimited earning potential—but there are also many expenses that you’ll have to prepare for. I get asked a lot about
The La Jolla home of one of the most recognizable voices in sports broadcasting, the late Dick Enberg, has found a buyer for $7 million. Enberg and his wife, interior designer and philanthropist Barbara Hedbring, built the Mediterranean-style house in 2004, and she filled it with architectural pieces — many scoped out while on trips
For second-home buyers seeking a cushy spot to land in Honolulu, a designer-done perch in the sky could be just the ticket. Turn the key, drop the bags and head to the building’s rooftop terrace, resort-style swimming pool or the fitness center. Need to stock the fridge? There’s a Whole Foods just downstairs. The gleaming
The hottest NFT on the market may not be an ape or sport’s highlight—but your mortgage. Indeed, mortgage lender LoanSnap recently announced they had minted the first NFT mortgages in existence, using their Bacon Protocol to wrap seven mortgage liens into tokens collectively worth $1.5 million. The benefits of such tokens, according to LoanSnap, are
Since the Supreme Court ended the Centers for Disease Control and Prevention’s Covid-19 eviction ban on August 26, more Americans in bigger cities have found themselves out of house and home. This is according to numbers found on website Eviction Lab, which tracks eviction filings where they are available on a weekly basis. Considering eight
Real estate negotiations often involve multiple drafts and rounds of comments on complex documents. Clients become impatient with the process. Perhaps counterintuitively, so do their lawyers. The lawyers have other things to do. And they know that too much legal work on a matter will more likely lead to billing complaints and lost clients than
Interior design legend Kelly Wearstler’s latest collaboration is with JennAir, the trailblazing Benton Harbor, Michigan-based appliance company that invented the first self-ventilated downdraft range. The partnership creates a virtual kitchen concept centered around the brand’s new limited edition range, Smoke and Brass, along with other JennAir products, including its obsidian black Columns. The virtual kitchen concept marries
Topline While investors have shied away from China given the country’s recent regulatory crackdown—and especially the troubles in its real estate sector—global asset manager T. Rowe Price says that the near-term volatility creates an “attractive” investment opportunity going into next year. Key Facts Globally, investors have been finding it much easier to invest in companies
It’s the most wonderful time of the year… Except if you’re coping with holiday season stress. Throw in the added difficulty of coping with Covid and the need for self care is evident. The good news is you don’t have to travel to a luxury spa to meet this need. Adding wellness design features to
Privately tucked away on a country lane that meanders off of Sunset Boulevard in Los Angeles is a small community of 16 secluded homes that has attracted world-famous politicians, actors and industry leaders. One house on the sparsely populated lane was previously the home of former California Governor Arnold Schwarzenegger and his ex-wife, journalist Maria
Nearly two years into the pandemic, for many of us, seeing friends and family is more meaningful than ever. Holiday gatherings no longer feel stressful or obligatory, but a true celebration of joy. This means the stakes for holiday decorating are higher than ever. No longer is a beautiful Christmas tree, brightly lit menorah, or
Joanna is CEO of Quartz Properties, a real estate development company that builds attainably priced modern modular residences. A major construction industry pain point affecting home costs and production is a substantial labor shortage. In fact, labor scarcity ranked as a top issue impacting the construction industry, according to a survey of 400 industry executives, conducted
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