Per World Street Journal:
"Tommy Hilfiger co-founder Joel Horowitz has sold his Lake Tahoe estate for $48 million...the 210-acre property was first listed in 2006 with an asking price of $100 million. The asking price was lowered to $75 million in 2011. Mr. Horowitz now serves as co-chairman of the board of Diane Von Furstenberg"
Can Diane trust a businessman who mis-priced his home by a whopping $54 million?!
Congrats to my Interior Decorator friend Paisley for her 1 year anniversary of her radio show At Home With Paisley w/ co-host Krisztina Bell!
Yours truly called in to just wish her well but Paisley put me on the hot seat and asked me for my real estate predictions for 2014! (Micro-units, housing growth in 2nd tier cities, suburban goes urban & more!)
I come into the show around 15 min in. Listen here!
Innerestin' stuff! Realtor.com has compiled the cities that are making the most inroads to housing recovery:
It wasn't long ago when downtown LA was known as just Skid Row. It's recent renaissance has exploded the need for housing. Anyone know why it's mostly geared toward rentals, and not condos? It's like the opposite of SF, where people complain there aren't enough rentals. Planetizen breaks down the numbers:
"A dearth of apartments is fueling one of the city's largest building booms in years," reports Dawn Wotapka. "There are about 14,000 apartment units in downtown Los Angeles. About 5,100 units are under construction, and more than 3,400 units were built between 2008 and 2013, according to Polaris Pacific, a real-estate sales, marketing and research firm. More than 3,000 additional rental units have been approved, with another 7,000 proposed. Meanwhile, there are only 17 condo units for sale and 68 under construction.
Currently on view at the National Museum of Modern and Contemporary Art in Seoul, South Korea, the house is part of the installation "Home Within Home," which features two giant representations of the artist's former homes -- all constructed from fabric.
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