BEVERLY HILLS COURIER | SEPTEMBER 30, 2016 Page 12
B E V E R LY H I L L S R E A L E S TAT E
Los Angeles Conservancy Hosts Glamour In The Hills On Oct. 22 At Beverly Hills Historic Mansion By Victoria Talbot The Los Angeles Conservancy announces its annual gala event Glamour in the Hills: An evening at the Historic Liliore Green-Rains Estate in Beverly Hills Oct. 23. Together with Max Whittier, Charles Canfield, Frank Buck, Henry Huntington, William Kerckhoff, William Herrin, W.S. Porter and Frank Balch, Liliore’s father Burton Green purchased Rancho Rodeo de las Aguas to drill for oil. Finding water, the partners formed the Rodeo Land and Water Company and developed the town of Beverly Hills. The home was built by Burton Green, one of the original developers of Beverly Hills, who built this 1940 mansion for his daughter. Designed and built by James F. Dickason, it blends styles and influences including Georgian Revival, French Revival, and Rustic. Liliore Green-Rains suffered mysterious illness that left
to her, including Pomona College, Stanford University, Loyola Marymount University, Caltech, the Hospital of the Good Samaritan in Los Angeles and the Menninger Foundation in Topeka, Kan. She lived in the home until her death in 1986, when it was purchased by Merv Griffin for a reported $5 million. There are eight bedrooms and ten bathrooms, with a lavish entry and staircase presiding over inlaid marble floors. Paneled walls, huge living and dining rooms, and a vast front lawn, tennis court, swimming pool and separate pool house are complimented by a rose garden and dense one-acre urban forest of Canary pine trees hiding an original Adirondack cabin with amazing City views. Skaist-Levy purchased the home in 2005 for $17.5 million from former Ticketmaster Chief Executive, Fred Rosen. Currently owned by fashion designer and Juicy Couture
The foyer of the Liliore Green-Rains Estate in Beverly Hills
her a recluse in her later years. When she died she left $240 million dollars to charities that seemed to have no connection
co-founder, Pamela SkaistLevy, the three-acre property was quietly placed on the market for a cool $50 million.
PRESERVING LA HISTORY FOR EVERYONE-Pictured (from left) are Event Co-Chair Maxine Greenspan, Los Angeles Conservancy President and CEO Linda Dishman, and Event Co-Chairs Diane Keaton and Lauren King. Absent is Event Co-Chair Linda Bruckheimer. Photo by Shari Belafonte
This gala event offers rare access to this spectacular property while supporting the Los Angeles Conservancy’s ongoing mission to protect, preserve and revitalize historic places in Beverly Hills and throughout Los Angeles C o u n t y. Reservations for this exclusive event begin at $450 for a cocktail reception from 5-8 p.m. while guests can explore the property. Sponsorships include the reception plus a seated al fresco dinner from 8-10 p.m. in the rose garden. For information and reservations, visit www.laconservancy.org/benefit, contact lleshine@laconservancy.org or call 213-430-4213.
This 1940s estate was build by Burton Green, with architect James F. Dickason
Modest Southland Housing Market Increase Expected For 2017 Following a dip in home sales in 2016, California's housing market will post only a nominal increase in 2017 amid supply shortages and affordability constraints, the California Association of Realtors said today in its 2017 California Housing Market Forecast. The forecast sees a modest increase in existing home sales of 1.4-percent next year to reach 413,000 units, up slightly from the projected 2016 sales figure of 407,300 homes sold. Sales in 2016 also will be
virtually flat at 407,300 existing single-family home sales, compared with the 408,800 pace of homes sold in 2015, a statement said. “Next year, California's housing market will be driven by tight housing supplies and the lowest housing affordability in six years,” said CAR President Pat “Ziggy” Zicarelli. “The market will experience regional differences, with more affordable areas, such as the Inland Empire and Central Valley, outperforming the urban coastal centers, where
high home prices and a limited availability of homes on the market will hamper sales. “As a result, the Southern California and Central Valley regions will see moderate sales increases, while the San Francisco Bay Area will experience a decline as home buyers migrate to peripheral cities with more affordable options.” The average for 30-year fixed mortgage interest rates will rise only slightly to 4.0 percent in 2017, up from 3.6 percent in 2016, but will still remain at historically low lev-
els, CAR said. The California median home price is forecast to increase 4.3-percent to $525,600 in 2017, following a projected 6.2-percent increase in 2016 to $503,900, representing the slowest rate of price appreciation in six years, according to CAR. “With the California economy continuing to outperform the nation, the demand for housing will remain robust even with supply and affordability constraints still very much in evidence. The net
result will be California's housing market posting a modest increase in 2017,” said CAR. VP/Chief Economist Leslie Appleton-Young. “The underlying fundamentals continue to support overall home sales growth, but headwinds, such as global economic uncertainty and deteriorating housing affordability, will temper stronger sales activity.” –– City News Service