What a great photo of this outstanding athlete, Mr. Kobe Bryant. He inspired and affected so many with his enthralling game playing, incredible work ethic and idyllic family life. As most of you may know, The Property Lab’s home is at LA Live and what occurred yesterday is heavy on our mind. So much of our business is centered around LA Live, the Staples Center and the amazing athletes that draw millions of people to this complex every year, we had to take a moment to pay tribute. We remember Kobe from the Lakers games we were fortunate to attend or watch from the comfort of our home and his icon status was and is a part of our LA culture. We send our thoughts and prayers to those that passed and to their families. Much to love to all~
Another one in the bag for the Above the Penthouses at the W Hollywood. HEI developer has been working to move these for over a year now and looks like 2019 has been a great year. They sold their smallest penthouse in July at $2.6M and their biggest in late September at a whopping $7M. More good news for them they just put their Vista penthouse 15i into escrow with listing broker Yvonne Arias of the Property Lab. List price was $6,250,000 and FYI, she sold the first of these five Above The Penthouses in the summer of 2018.
“These penthouses are spectacular and in such a vibrant, growing location. Anyone that is able to pick these up at this price per foot is lucky as far as I’m concerned. Comparable quality is asking much more and these condos come with all the high end furnishings and most with four parkings spots! A great value. Hollywood is really the place to invest right now,” said Yvonne Arias, The Property Lab broker and owner.
The Property Lab and Yvonne Arias have been doing business at The W Hollywood Residences since 2011 and they continue to be the main broker at the building year after year. Yvonne is also the top broker at The Ritz-Carlton Residences at LA Live and specializes in these hotel residential properties. As Los Angeles becomes more dense and luxury buyers preferring a less-stress lifestyle of high rise living, properties like the W and Ritz have become increasingly popular.
Jenga, Anyone? Yes, please. A standout skyscraper is being proposed near Downtown LA’s Pershing Square and it looks pretty spectacular. Designed by Miami based firm Arquitectonica (they even have a cool name), this high rise features multiple areas where the exterior juts out looking just like a Jenga game! It’s awesome and we can’t wait to see this in the real. It’s actually planned to connect to the very hip restaurant Perch and will be a whopping 53 stories.
With incredibly planned water features, part of what’s jutting out on those upper floors, and a smart waterfall feature to hide the above-ground parking, this will be a design to beat in the Downtown LA skyscraper scene. The tower will feature a hotel, condominiums and is being heavily praised for its creativity and we can see why. Are you interested in keeping in the loop on this project? Visit our site at www.ThePropertyLabRE.comfor our newsletter in our Get The News section. We can’t wait to update on this.
Interested in a home that could be featured in Architectural Digest? Well, we’ve got one for you. The Property Lab just launched a gorgeous residence soaring on the 40th floor of the Ritz-Carlton LA Live Residences in Downtown LA. Absolutely stunning views encompass the ocean, mountains, Hollywood Sign and Griffith Observatory. It’s a large 1 bedroom, 2 bath and this building touts a complimentary breakfast to its residents every day in their Sky Lounge. The Ritz has been undergoing renovations since early this year to nearly all if its common spaces, valet area and more so it looks more stylish than ever.
It still reigns as the only 5 star residence in DTLA and according to owner and broker of The Property Lab, Yvonne Arias, “In my opinion, The Ritz-Carlton Residences at LA Live is the best value for a newer 5 star building in Los Angeles with its 54 story height and views. It’s been my #1 building in LA for years now and the calls just keep on coming.”
To learn more about the featured residence 900 W Olympic Blvd #40F Los Angeles 90015, or for other properties available at The Ritz Carlton LA Live, please visit www.ThePropertyLabRE.com or contact us at info@ThePropertyLabRE.com.
Yvonne Arias is the owner and broker of The Property Lab and is one of the few woman-owned luxury real estate brokerage firms in Los Angeles. She is the #1 Realtor in Downtown LA & Hollywood; two of the hottest developing markets in LA. TPL is on Twitter, Insta and FB @ThePropertyLab 😉
Fresh off the heels of speaking at The Real Deal Conference in West Hollywood, where only the most successful Realtors are asked to speak, The Property Lab’s broker and owner Yvonne Arias has now been invited to be a part of the largest real estate event of the year – The California Association of Realtor’s 2019 ReImagine Conference. The event is taking place this month on September 25th and 26th and is being held at the LA Convention Center, just a few blocks from TPL’s Ritz-Carlton headquarters.
Yvonne is an expert in luxury condos and more specifically, hotel residences. She has dominated the business at The Residences at W Hollywood and Ritz-Carlton LA Live since 2014 and will be discussing her journey and what it’s like to have such a specific specialty. The panel is being moderated by the reputable Hot Property Celebrity Columnist Lauren Beale of the LA Times.
We are excited and proud to be part of such an educational, motivational and inspiring industry event. And bravo to Yvonne!
The Property Lab is one of the few woman-owned luxury real estate brokerage firms in Los Angeles. Yvonne is the #1 Realtor in Downtown LA & Hollywood; two of the hottest developing markets in LA. Don’t forget to visit our site at www.ThePropertyLabRE.com.
A recent burst of sales comes as a pleasant surprise at The Residences at W Hollywood’s Above The Penthouses (ATP). They started with five of these brand new homes in 2017 being offered fully furnished and they are now touting only two remaining. Much welcome to this recent hot activity as LA’s real estate market started to see slowing in June 2018 with more significant slowdown to the luxury market more recently.
Last month, the ATP’s Axxiom penthouse closed at $2.6M (pretty good for their smallest condo) and recently they put their behemoth Griffith penthouse at over 5000 square feet in escrow; this is developer HEI’s prize penthouse of the five.
Yvonne Arias of The Property Lab is one of the listing agents on these last remaining penthouses and commented “It’s exciting to see these starting to move so quickly. I expect my Vista Penthouse 15i to move very soon as I have several serious prospects circling it. With such little inventory of this caliber, my goal is to sell the last two before end of the year and I’m pretty confident that will happen.” See photo with Vista’s night view.
The Above The Penthouses are located on the top floor of the highly desirable Residences at W Hollywood in what is to be considered the epicenter of Los Angeles. Famous views and attractions in close walking distance include the Walk of Fame, Capitol Records, Cinerama Dome and Pantages Theatre to name a few. Besides being in this arts-centered area, there has been an enormous footprint being made by media tech heavy hitters like Viacom and Netflix making Hollywood their new home. This is the time to invest.
If you’re interested in learning more about these special top floor penthouses, please visit www.ThePropertyLabRE.com and contact us at info@ThePropertyLabRE.com. Yvonne Arias is the owner and broker of The Property Lab and is one of the few woman-owned luxury real estate brokerage firms in Los Angeles. She is the #1 Realtor in Downtown LA & Hollywood; two of the hottest developing markets in LA. TPL is on Twitter, Insta and FB @ThePropertyLab 😉
Hollywood is becoming the coolest place to live in LA. Over 30 new projects are coming to change the landscape, not to mention media tech giants like Netflix clearly making their mark with over 1 million square feet of space to date. Other big-time media tech that already made their home in Hollywood is Viacom.
Real estate values will def be going up & we are ready Featured here is our baby, The Residences at W Hollywood. As you may know, we have brand new penthouses at The W Hollywood starting at $6M and up. Other inventory for sale and for lease currently starts at $1.3M for sale and $4795 for lease.
Exciting projects in the pipeline include The Whisky Hotel, The Godfrey Hotel and Academy on Vine. This just scratches the surface of what’s to come, but don’t hesitate to reach out for more info.
Just recently The Property Lab announced its owner and broker Yvonne
Arias has been chosen as one of the speakers for The Real Deal’s LA
Real Estate Panel and Forum. Go, Yvonne!
An industry leading outlet on real estate news in the hottest US
markets, the event selects only a few top agents in Los Angeles to
speak. This event takes place on Friday, June 21 at the very cool
London Hotel in West Hollywood. Check out therealdeal.com/events for
more information and tickets. There are three panels total and Yvonne
will speak about the current state of the market and neighborhood
trends. We hope to see you there!
And be sure to follow us on Instagram, Facebook and Twitter
@ThePropertyLab for pics and videos 😉
Ever hear of The Wing? Us neither but apparently it started in New York and it’s a membership women’s work club now in West Hollywood. Looks hip and stylish and is about 11K square feet and features a Skylight Books library, cafe with products from women-owned businesses. and also hosts talks and workshops. Sounds pretty awesome! We definitely want to check it out and FYI membership is $215 month or $2350 a year. P.S., The Property Lab is a woman owned real estate brokerage, so we’re digging this. #WomanOwned #GirlBoss
Part of the American Dream is home ownership and some of the wealthiest, most successful investors say that owning real estate was their path to wealth. With some of the nation’s highest median home prices—and more than a few of its priciest individual homes—Los Angeles property owners collectively possess a massive pool of real estate equity worth an astonishing $760 billion.
That’s according to a new report from real estate analyst Black Knight. The study shows that Los Angeles leads the nation in “tappable equity,” that is, the value of homes that owners can access by selling or refinancing.
The amount of equity accessible to homeowners in the LA metropolitan area, which includes Los Angeles and Orange counties, is nearly double that of New York ($395 billion) and fully twice that of the entire state of Texas ($322 billion).
Black Knight’s numbers highlight the financial resources available to LA homeowners—particularly those who have paid off a sizable portion of their mortgages. That wealth can be accessed by selling, by using equity to take out loans, or through a cash-out refinance. LA real estate may be expensive, but it pays off.
Contact us for more information about getting in on LA’s tappable equity market.