April 2010

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Joe Jonas New $2.5 Million Hollywood Hills Home

April 29, 2010 |  by Disnology Staff  | 

It looks as though Joe Jonas purchased a new pad for himself and paid a little over $2.5 million for the home that sits in the Hollywood Hills.

This is what Richard Stanley, a Coldwell Banker in Los Angeles, California had to say about Joe’s new home,

It’s truly a unique and beautiful property. It’s located on one of the prettiest streets in the neighborhood. This neighborhood is filled with celebrities.

House Specs:
– 4 Bedroom
– 3 Bathroom
– Built in 1929
– 3,300 square feet

Joe also had this to say about living in LA:

Living and working in LA is really cool. I know that we are living a lot of people’s dreams. I’m blessed and lucky

It’s nice to see that even though Joe can spend a lot of money on a house he is still humble. What do you think of Joe’s new home?

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Joe Jonas New $2.5 Million Hollywood Hills Home | Disnology.

Hollywood Real Estate, Los Angeles Real Estate, Beverly Hills Real Estate – http://www.ChristopheChoo.com

FOR IMMEDIATE RELEASE

WATG Designs Phase Three for Sahl Hasheesh

Irvine, April 2010 – Destination design firm WATG has been engaged by Egyptian Resorts Company (ERC) to design the detailed master plan for the Sahl Hasheesh International Resort Community – Phase III, a large mixed-use development on the Red Sea in Egypt. Consisting of 4,090 hectares, or 10,106 acres, the development will be comprised of civic centers, a university, schools, business park, apartments, branded villas and other resort components. It is expected to be the largest resort development in the world.

“It was important for the client to have a development that was viable,” said Perry Brown, senior vice president of WATG. “This master plan was originally only a resort community, but the client envisions a development that includes appropriate civic infrastructure to support the resort development.”

The vision for the master plan is to tell the story of Egypt’s heritage through the landscape design.

The master plan includes a landscape structure of open-space corridors that tells a narrative depicting the rich history of the country. The story behind the project incorporates the metaphor of a “Fertile Valley” with the primary source of life being the Grand Canal, or river flowing through the Central Valley. The water, as “life,” supports and embraces a richly textured landscape and provides opportunities for a variety of experiences. These range from oasis desert landscapes to informal agricultural use, from lush semi-tropical to formal, geometric landscape experiences. These all further reinforce the distinct story of each civilization that made its mark on Egypt over the centuries.

WATG has been involved with the project since 2008 and designed Phase II, as well, which involved a competition among several other international design firms.

WATG has a legacy of environmentally sensitive planning, architecture and design. A hallmark of WATG is its awareness to the influences of the local culture, the natural resources, the people and the spirit of the place. From its offices in Irvine, Seattle, Honolulu, Orlando, Singapore and London, WATG has designed hotels and resorts in 160 countries and territories across six continents. For more information, visit www.watg.com.

###

Click here to download this press release (PDF, 294Kb)

RELATED PHOTOS

PRESS CONTACT

Robin Clewley
Public Relations Manager
1201 Western Avenue, Suite 350
Seattle, WA 98101
T +1 (206) 275-2822
F +1 (206) 275-0692
E rclewley@watg.com

My friends at WATG are working on phase 3 of the worlds largest resort in Egypt. Can’t wait to go to the opening!

International Real Estate, Los Angeles Real Estate, Beverly Hills Homes, Beverly Hills Real Estate – http://www.ChristopheChoo.com

RISMEDIA, April 29, 2010—The expiration of the 2010 Home Buyer Tax Credits on April 30 is unlikely to put off Americans looking to purchase homes who believe now is a good time to buy and are confident that home prices will rise according to a survey released by Prudential Real Estate and Relocation Services, Inc., a Prudential Financial, Inc. company. The survey of 1,000 Americans between the ages of 25-64 with at least $35,000 household income was conducted during April 15-20, 2010.

More than 90% of consumers believe that the home buyer tax credits have helped both first-time home buyers and the U.S. housing market overall. Among consumers actually shopping for homes, 65% believe that the end of the tax credits will have little or no effect on their interest in purchasing a home.

While consumers remain unsure about the direction of the housing market, the survey reveals that they are optimistic about real estate values with 46% of consumers expecting real estate prices in their area to increase over the next year. Just 12% expect prices will decline. Over the next five years, 79% expect real estate prices to increase, with 20% expecting prices to increase substantially.

“The survey underscores the key role the federal home buyer tax credits played in stimulating residential real estate market activity and the U.S. economy,” said James Mallozzi, chairman and chief executive officer of Prudential Real Estate and Relocation Services, Inc. “It also shows that most consumers believe the market has hit bottom and are more optimistic about the future.”

Survey respondents identified concerns about rising mortgage interest rates and unemployment as the most important factors affecting their decision to purchase a home, along with more stringent lending criteria and fewer mortgage-backed securities purchased by the Federal Reserve. The expiration of the tax credits placed lowest on their list of concerns. Among those who have recently purchased a home, 61% cited low mortgage interest rates as “very important” to their decisions – an amount greater than either the tax credit or even cheaper prices. The 66% expecting interest rates to rise underscores potential headwinds for the market.

“The tax credits clearly helped stimulate the market when consumer confidence was low and housing inventory was high,” said Earl Lee, president, Prudential Real Estate and Relocation Services, Inc. “While the tax credit expiration is a concern for many, the bigger issues now are the availability and cost of financing as well as if they will have a job.”

Despite the significant downturn in the real estate market, the survey underscores that the dream of homeownership and the perception that owning a home is a good investment remain intact. Among current renters, 75% still believe owning their home is a better long-term choice for their needs than renting.

The majority of consumers also believe that homeownership is a better investment than individual stocks or bonds (75%), mutual funds (72%), or savings accounts (74%).

“The real estate market is precariously balanced. Consumers are clearly motivated to take advantage of the opportunities the current low interest rates and prices afford,” Lee notes. “While the market is picking up in terms of sales and confidence, and the majority still believe that owning a home is a good investment, the outlook for the market remains highly dependent upon the direction of the economy overall.”

For more information, visit www.prudential.com.

RISMedia welcomes your questions and comments. Send your e-mail to: realestatemagazinefeedback@rismedia.com.

For more top headlines on RISMedia.com, don’t miss:
Is It the Beginning of the End for Housing Crisis?
Utilizing Online Mailing Services – Make the Most of Direct Marketing

End of Home Buyer Tax Credit Unlikely to Deter Most Real Estate Buyers | RISMedia.

Los Angeles Real Estate, Beverly Hills Homes, Beverly Hills Real Estate – http://www.ChristopheChoo.com

Looking for ideas to re-landscape your garden? Check out the National Public Gardens | Garden Design.

Beverly Hills Homes, Beverly Hills Real Estate, Los Angeles Real Estate – http://www.ChristopheChoo.com

We did it again! Another home SOLD in Beverly Hills by the Christophe Choo Real Estate Group.
Beverly Hills Homes, Beverly Hills Real Estate, Los Angeles Real Estate – http://www.ChristopheChoo.com

Donald Trump on Larry King Live said… “NOW IS A GREAT TIME TO BUY REAL ESTATE!”

Beverly Hills Homes, Beverly Hills Real Estate, Los Angeles Real Estate – http://www.ChristopheChoo.com

RISMEDIA, April 29, 2010—Trulia.com, smart real estate search to help you make better decisions, recently announced that 20% of current home listings have been reduced in price at least once, compared to 27% in April 2009, representing a 26% decline nationally. Trulia was one of the first companies to issue national price reduction reports and is available to provide historical data on trends taking place as early as April 2009.

“With such a dramatic drop in home price reductions over the past year, we’re beginning to see early signs of stabilization in the housing market on a national level, as well as locally in certain markets,” said Pete Flint, Trulia co-founder and CEO. “As the federal stimulus comes to an end this month, coupled with expected increases in interest rates and foreclosures, the next few months will be very telling for whether the U.S. housing market can be self-sustaining over the longer-term. Trulia will continue to track price reductions going forward as an indicator of health in real estate market.”

In April 2009, Trulia first started tracking price reductions, both nationally and for the 15 major U.S. cities. Of the original 15 cities, those hit earliest and hardest have experienced huge decreases in price reductions compared to the previous year, including Las Vegas (54%), San Diego (52%) and San Francisco (45%). Seattle was the only original city to see a significant increase in price reduction levels with a 15% spike compared to the previous year.

In addition to seeing fewer homes reduced in price, the current report shows several cities have seen significant decreases in the percentage amount slashed off of the original listing price compared to the previous year. New York and San Francisco both saw discounts on home prices drop by more than 30% compared to April 2009.

On the other hand, several cities actually experienced increases in the average price reduction. Houston, Denver, Seattle and Phoenix all saw double-digit percentage increases compared to April 2009.

For more information, visit www.trulia.com.

RISMedia welcomes your questions and comments. Send your e-mail to: realestatemagazinefeedback@rismedia.com.

Be sure to check out these headlines on RISMedia.com:
Changing the Consumer’s Online Home Search Game
Why Good SEO Is No Guarantee That You Will Sell Homes Online Anymore

Signs of Stabilization in U.S. Real Estate Market – Home Price Reduction Levels Drop 26 Percent | RISMedia. More great news for the real estate industry and our whole economy.

Beverly Hills Homes, Beverly Hills Real Estate – http://www.ChristopheChoo.com

Kimora Lee Simmons–well-known for her diverse roles as a CEO, model, author, and mother–has listed the country Tudor-style home that the Real Estalker  reported on back in 2007 when she bought the home for $5.9 million. The Beverly, Hills, CA home is once again on the market, now for $5.395 million, and is listed on REALTOR.com®.

Simmons  made headlines last spring with her divorce from hip-hop mogul, Russell Simmons, after being married for about eight years.

Soon after, she married Blood Diamond star Djimon Hounsou and had her third child with him. Baby boy Kenzo Lee Hounsou joined the family with her two girls, Ming Lee and Aoki Lee, that Simmons had with her first husband.  

Now, according to her website kls.com, this supermom is going digital.  The “digital world of Kimora” is launching on May 1,  so stay tuned.

Kimora Lee Simmons’ 6 bedroom, 7 bath Beverly Hills, CA home listed for $5,395,000

This 5,923-square foot home built in 1974 has been remodeled. Located in a guard-gated celebrity neighborhood, the premises boasts a swimming pool, a white on white guest apartment, a media room, gourmet kitchen, and hardwood floors. The master bedroom features a fireplace and ample closet space.

Nearby neighbors include, Jessica Simpson, Guy Oseary, Tom Freston and Andrew Vajna.

But wait, that’s not all. The exes (Kimora Lee and Russell) still have their New Jersey pad on the market. The home, originally listed for more than $20 million according to the Real Estalker, is on the market for $13.9 million (a more than $6 million reduction).

Simmons also had a home in the East Hamptons that sold for $800,000 earlier this year, according to Luxist.

-Marjani Clarke, Celeb-sessed Staff Writer
Email: Marjani Clarke@Move.com

Kimora Lee Simmons Lists Beverly Hills, CA Home | Trends at move.com. Beverly Hills Homes, Beverly Hills Real Estate – http://www.ChristopheChoo.com