Hilton & Hyland Market Report Q1 2018 by Hilton & Hyland

Quarterly Market Report

Q1 18 A CROWNING ACHIEVEMENT

1536 BLUE JAY WAY | BIRD STREETS | $27,900,000 Represented by Drew Fenton & Justin P. Huchel

Table of Contents Founders Letter

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Jeff Hyland and Rick Hilton round up the first quarter of 2018.

Significant Sales

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A selection of our most significant sales of Q1 including the iconic Stanley House.

Showcase Listings

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A gallery of our latest luxury listings.

Earned Media

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A round-up of our most notable editorial features from Q1.

Market Data

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A glimpse into the overall Q1 marketplace from Malibu to Los Feliz.

Oscar-Worthy Residences

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The Oscar-worthy homes of three Hollywood heavyweights.

Habitat for Humanity

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Hilton & Hyland Helping Hands participates in Habitat for Humanity in Long Beach.

Roster Meet our team.

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THE JOHNNY CARSON ESTATE MALIBU | $81,500,000 Represented by Linda May

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Letter from the Founders Welcome to the Hilton & Hyland Market Report, our examination of the 2018 first quarter sales figures in the Los Angeles real estate market. Since its inception, Hilton & Hyland has become internationally known as the premier Beverly Hills real estate brokerage. Last year, Hilton & Hyland outpaced the local luxury market with an average sales price of $9.97 million, 28% higher than the overall luxury market average. The firm also enjoyed a record-breaking sales volume of $3.3 billion and a massive 42% share of the luxury market in 2017, making it truly a banner year. As a leader in the luxury real estate market, it gives us great pleasure to present this comprehensive report. Throughout the following pages, you will find a detailed analysis on all key neighborhoods in the Los Angeles area, along with specific insights into the luxury market. Hilton & Hyland continues to set the standard during our Silver Anniversary. As the founding affiliate of Christie’s International Real Estate, not only did Hilton & Hyland enjoy five of Christie’s Top 10 Sales in 2018 but the firm represented the highest sale of the year as well. As only premier international brokerages are affiliated with Christie’s, having a stronghold in their top sales not only continues to reinforce our company’s position in Los Angeles, but throughout the world. We are also proud to announce that not only were we the top individual real estate office in the nation according to RISMedia’s 2018 Power Broker Report, but The Real Deal also reported 25% of the Top Luxury Brokers in Los Angeles County belong to Hilton & Hyland. The firm is immensely proud of our agents who have joined together to make 2018 already such a stellar year. While we are only one quarter into our 25th Anniversary, we are confident new heights will be reached.

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144 MONOVALE DR HOLMBY HILLS | $35,000,000 Represented by Rick Hilton and Jeff Hyland

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Significant Sales

WILLIAMS & WILLIAMS

THE STANLEY HOUSE SUNSET STRIP | $38,000,000 Branden & Rayni Williams Represented the Seller

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DREW FENTON

2 OAKMONT DRIVE BRENTWOOD $32,500,000 Drew Fenton Represented the Seller

BRETT LAWYER

719 AMALFI DRIVE PACIFIC PALISADES $19,500,000 Brett Lawyer Represented the Seller

MARCIE HARTLEY

425 PARKWOOD DRIVE HOLMBY HILLS $12,950,000 Marcie Hartley Represented the Buyer

JUDY FEDER

22506 PACIFIC COAST HIGHWAY MALIBU $52,000,000 Judy Feder Represented the Seller

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Showcase Listings.

JEFF HYLAND | DIMITRI VELIS

9434 CHEROKEE LANE BEVERLY HILLS P.O. | $110,000,000

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BRANDEN & RAYNI WILLIAMS

271 S MAPLETON DRIVE HOLMBY HILLS | $69,995,000

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DREW FENTON | JUSTIN P. HUCHEL

1536 BLUEJAY WAY BIRD STREETS $27,900,000

LINDA MAY

833 STRADELLA ROAD BEL-AIR $36,000,000

Earned media. A selection of this Quarterâ&#x20AC;&#x2122;s print and online presence.

The Wall Street Journal S T O R Y : K AT Y M C L A U G H L I N P H O T O G R A P H Y : H I LT O N & H Y L A N D PUBLISHED: MARCH 22ND A G E N T : J U DY F E D E R P R O P E R T Y : 2 2 5 0 6 PA C I F I C C O A S T H I G H WAY MALIBU $52,000,000

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Hollywood Producer Joel Silver Sells Malibu Home for $38 Million

The custom-designed estate of late entertain-

the property the following year in glittering

ment industry powerhouse Brad Grey, more

ceremony attended by a slew of Hollywood

than two picturesquely landscaped acres in a

luminaries. Shortly thereafter, the existing re-

particularly posh section of L.Aâ&#x20AC;&#x2122;s exceedingly

sidence, a vintage 1930s hacienda-style affair

hoity-toity Holmby Hills â&#x20AC;&#x2DC;hood and officially

that was once home to Frank Sinatra, was

known as The Grey Estate, has come to mar-

razed to make way for a substantially larger

ket with an astonishing, publicity generating

and far more contemporary, multi-winged

$77.5 million price tag. The late chairman and

mansion inspired by the simple forms of rural

CEO of Paramount Pictures and his surviving

architecture and designed for the couple by

wife, Cassandra Huysentruyt-Grey, purcha-

noted Napa Valley architect Howard Backen.

sed the expensively located spread in late

Vertical wood planks downplay and soften

2010 for $18.5 million and were married on

simply massed exteriors

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Known for hits like “Fly Away” and “American Woman, ”Lenny Kravitz has forged a solid career in rock music. The singer has also begun to make a name for himself in the interior design world with his eponymously-named firm. The developers for one Los Angeles house hired Kravitz Design to give this $38 million mansion the rockstar treatment, as featured on a recent episode of CNBC’s “Secret Lives of the Super Rich.” The Hollywood Hills home reflects Kravitz’s rock and roll background and comes almost fully furnished, so interested parties can keep the home’s exquisite layout as-is. That includes a $50,000 custom-built handmade couch. You’re bound to feel like royalty here.

This $38 million LA mansion has a $450,000 speaker system and was designed by Lenny Kravitz— take a look inside CNBC - “Secret Lives of the Super Rich” S T ORY : EMMIE MARTIN AIRED: MARCH 21ST A G E N T S : B R A N D E N & R AY N I W I L L I A M S P R O P E R T Y : T H E S TA N L E Y H O U S E SUNSET STRIP $38,000,000

“You’re in God mode when you’re on this property,”

Upstairs, the glass-walled master suite features endless views

Branden Williams, co-developer of the property and

of the city below. A single button pops a television out from

agent at real estate firm Williams & Williams, tells CNBC.

the ceiling and a crackling fireplace burns in the corner.

A piece of solid bronze artwork worth $1.4 million sits in the

The backyard pool is flanked by a line of misters to help you

“gentlemen’s lounge” next to a leather chair and stuffed

keep cool during California summers. A $1.5 million system

peacock. “This is the room where you come to hang

seamlessly slides the glass walls of the living room open and

out, pour yourself a whisky-scotch and play a little

close to bring the sunshine inside anytime.

chess,” Williams says. Even the pool is outfitted with a state-of-the-art speaker That’s not the only place to relax. The home’s mega-lounge

system, so you can crank up Kravitz’s hits while lounging by

includes a 200-inch video wall, $450,000 high-end speaker

the water. In cooler months, the 12-person Jacuzzi provides

system, fireplace and collection of couches designed for

an ideal way to warm up.

leisure. Kravitz and team “wanted to make furniture you could also dance on,” Williams says. “You can sit, you

A 12,000-pound granite fire rock keeps flames roaring at all

can lay, you can roll. It’s gotta be fun. It’s gotta be sexy.”

times, so you’ll never feel chilly while hanging outside.

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Business scion Evan Metropoulos seeks $58 million for Sierra Towers penthouse

Los Angeles Times - “Hot Property” S T O RY : JAC K F L E M M I N G P H O T O G R A P H Y : A D A M L AT H A M PUBLISHED: MARCH 8TH A G E N T : J O S H U A T. G R E E R P R O P E R T Y : S I E R R A TOW E R S P E N T H O U S E W E S T H O L LY W O O D $ 5 8 , 0 0 0 , 0 0 0

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Evan Metropoulos, son of billionaire investor C. Dean Metropoulos, has listed his penthouse atop the Sierra Towers building in West Hollywood for sale at $58 million. The Metropoulos family are no strangers to big-ticket items in real estate. Last year, Evan Metropoulos bought late actor Danny Thomasâ&#x20AC;&#x2122; onetime knoll-top estate in Beverly Hills for $65 million. His brother, Darren, is the owner of the Playboy Mansion. The condo for sale comprises two units on the 32nd floor that Metropoulos combined. It has 7,000 square feet of open-plan space plus terrace balconies totaling another 4,000 square feet. Walls of windows serve up views from downtown to the ocean. The unfinished living spaces sit under 16-foot ceilings. In addition, the home comes with a guest suite on the sixth floor and six parking spaces. Sierra Towers was built in 1965 by architect Jack Charney. Its amenities include 24-hour security, valet parking and a pool.

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Gary Gold tours home of Russell Peters

NBC - “Open House” “Sleek, modern Malibu abode, agent Gary Gold takes us through a sleek Malibu estate filled with luxurious, modern details. This is a place you’re going to want to celebrate in. The most impressive thing is the sense of privacy you feel . . .”

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F E AT U R E : OPEN HOUSE HOST: SARA GORE AIRED: MARCH 10TH AGE N T : GARY GOLD P R O P E R T Y : 2 7 5 5 1 PA C I F I C C O A S T H I G H WAY MALIBU $8,800,000

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Grammy-winning singer-songwriter Usher is ready to beat it out of Hollywood Hills West, listing his home above the Sunset Strip for sale at $4.2 million. The Spanish-style home, built in 1926, has been updated with colorful and contemporary details while maintaining some of its original vibe. The two-story entry is awash in black and leads to a living room with a rebuilt fireplace and original stenciled beams. Arched doors open to Juliet balconies overlooking a front patio. Also within more than 4,200 square feet of interior is a home theater, a purple-clad dining room, five bedrooms and 4.75 bathrooms. The updated chef’s kitchen features a marble-ribboned backsplash, stainless steel appliances and a breakfast area with a built-in banquet.

Anna Marie Simpliciano of Hilton & Hyland, an affiliate of Christie’s International Real Estate, holds the listing. Usher, 39, gained fame in the 1990s with the record “My Way.” More recently, he released his eight studio album, “Hard II Love.” Among his scores of hits are “Nice & Slow” and “U Remind Me.”

Los Angeles Times “Hot Property” S T ORY : NEAL J. LEITEREG PHOT OGRAPHY: JEFF ONG

Decking and terrace patios create additional living space outdoors. Views take in the city lights, treetops and surrounding canyon.

PU BL I SH E D : FEBRUARY 21ST A G E N T : A N N A- M A R I E S I M P L I C I A N O PR O PE R T Y : 8 2 1 3 M O N T E E L R OA D SUNSET STRIP $4,200,000

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Usher pops his colorful Sunset Strip home on the market at $4.2 million

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Saudi Royalsâ&#x20AC;&#x2122; L.A. Home Listed for $110 Million The Wall Street Journal S T O R Y : K AT H E R I N E C L A R K E PHOT OGRAPHY: MARK SINGER PUBLISHED: MARCH 1ST AGENT: JEFF HYLAND & DIMITRI VELIS PROPERTY: 9434 CHEROKEE LANE B E V E R LY H I L L S P. O . $ 1 1 0 , 0 0 0 , 0 0 0

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A business entity affiliated with the late Saudi Prince Saud al-Faisal owns the Beverly Hills compound, which had previously been shopped around for $145 million. A Los Angeles compound owned by Saudi royalty is coming on the market for $110 million. The Beverly Hills estate, located on about 14 acres, features more than 35,000 square feet of interior space, as well as manicured outdoor spaces with tree-lined promenades, a tennis court and a swimming pool, according to the listing.

“It’s a magnificent retreat for someone who wants to get away,” said the listing agent, Jeff Hyland of Hilton & Hyland. “There’s a spectacular private driveway and, from up there, you can see the ocean all the way to Catalina Island.” The owner of the property is Canessa Investments N.V, a business entity affiliated with the late Saudi Prince Saud al-Faisal, who died in 2015, and his wife, Princess Johara bint Faisal, according to property records and legal filings. The prince served as his country’s foreign minister from 1975 until 2015. It wasn’t clear if Princess Johara, who couldn’t be reached for comment, still lives at the property.

It features a dramatic courtyard entrance with a water feature and additional guest and staff residences. The formal entryway has a retractable roof.

For full stor y v i s i t : W JS .c om

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Q1 Market Report

GARY GOLD

24 LAGUNITA DRIVE LAGUNA BEACH $16,995,000

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Beverly Hills The Beverly Hills real estate market is never anything short of exceptional. Multi-million dollar architectural masterpieces are in abundance, the quality of life is unparalleled, and residents include Hollywood stars, entertainment moguls, entrepreneurs, and high-profile investors from

around the world. While there is an upward trend in the average sale price per square foot, we also noticed the average day on market has reached 80 days, reflecting how most homes in the area are either selling very quickly or very slowly.

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1,200

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600

92.9%

400

200

AVG. SA LE PR ICE / AVG. LIST PR ICE

AVERAGE SALE PRICE / SQ.FT.

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SOLD | 1218 BENEDICT CANYON DR | $12,950,000

60%

50%

AVG . DAY S O N M A R K E T 40%

30%

$1,632

20%

10%

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Beverly Hills P.O. Boasting exclusive gated communities, historic estates and grand mansions, the hillside community of Beverly Hills Post Office offers unrivaled luxury and privacy. The Beverly Crest neighborhood also provides views of the Los Angeles basin all the way to Catalina Island. Some of the most highly

sought after upscale communities can be found here: Beverly Park, Mulholland Estates, Beverly Ridge Estates, and Beverly Glen Park. Since Q1 of 2015, the average price per square foot of a home has skyrocketed to $876.

1,400

1,200

1,000

LISTI NGS SOLD 800

600

95.1%

400

200

AVG. SA LE PR ICE / AVG. LIST PR ICE

AVERAGE SALE PRICE / SQ.FT.

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SOLD | 3030 DEEP CANYON DR | $5,355,000

60%

50%

AVG . DAY S O N M A R K E T 40%

30%

$876

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10%

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Bel-Air | Holmby Hills For generations, Bel-Air has ranked among the most prestigious residential communities in the city of Los Angeles. A key part of the Platinum Triangle – along with Beverly Hills and Holmby Hills – this exclusive district is dominated by both historic and contemporary estates, and presents a

privacy that has made it a preferred destination for the rich and famous. The average price per square foot has remained fairly stable, slightly increasing to $1,034 and homes are spending an average of 106 days on market, indicating more of a buyer’s market.

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1,400

1,200

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LISTI NGS SOLD 800

600

93.1%

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AVG. SA LE PR ICE / AVG. LIST PR ICE

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SOLD | 1381 MORAGA DR | $11,950,000

60%

106

50%

AVG . DAY S O N M A R K E T 40%

30%

$1,034

20%

10%

AVG . S A L E PR I C E PE R S Q .F T.

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Sunset Strip | Hollywood Hills Nestled in the southeast Santa Monica Mountains, you can’t help but feel you “made it” when you gaze at the hustle of the City of Angels below. This enclave of luxury homes, located high above the Sunset Strip, has become one of the few go-to locations for high-end buyers. Embracing top-tier

boutiques, restaurants, and nightclubs while also offering exclusivity, The Sunset Strip remains one of the most consistent market in all of Los Angeles. With little to no change in price per square foot from Q1 of 2015 at $902, the average home spends 66 days on market.

1,200

1,000

LISTI NGS SOLD 800

600

97.1%

400

200

AVG. SA LE PR ICE / AVG. LIST PR ICE

AVERAGE SALE PRICE / SQ.FT.

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SOLD | 9200 SWALLOW DR | $16,495,000

60%

50%

AVG . DAY S O N M A R K E T 40%

30%

$902

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10%

AVG . S A L E PR I C E PE R S Q .F T.

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31-60 61-90 90-120 120+

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Westwood | Century City Westwood and Century City are two of Los Angeles’ busiest districts with high-rise residential towers seamlessly taking vertical living to new heights. From The Wilshire to The Remington to The Beverly West, the area remains the leading condominium high-rise neighborhood in Los Angeles, comprised of buildings unparalleled in luxury. Not only does Wilshire Boulevard connect five of Los Angeles’

major business districts, including Beverly Hills, both Fox and MGM studios are located in a series of skyscrapers, along with many historic Los Angeles hotels and some of the city’s largest museums. Much like these buildings, not only are we seeing a vertical trend in the average sale price per square foot this quarter, but these highly coveted high-rise listings are spending little to no time on the market.

1,200

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LISTI NGS SOLD 800

600

98.7%

400

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AVG. SA LE PR ICE / AVG. LIST PR ICE

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SOLD | THE CENTURY 16D | $3,300,000

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50%

AVG . DAY S O N M A R K E T 40%

30%

$926

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Brentwood A sanctuary for its residents – who vary from high-profile individuals, affluent families, UCLA students and faculty, and Hollywood’s A-listers – Brentwood maintains a stronghold in Los Angeles culture. Right in the pulse of sophistication and allure, residents and tourists can find the area to be quite commercially driven with their high-end boutiques, trendy restaurants, and utmost privacy. The perfect blend of suburban comforts, rich

Hollywood history, a luxurious yet relaxed lifestyle, and a surprisingly hip vibe, Brentwood is now home to sprawling upscale single-family residences with impeccably manicured lawns, the Getty Center, and several trails for healthy living. There’s no question that Brentwood remains one of the more stable long-term investments in Greater Los Angeles despite slight quarter-to-quarter volatility in the past.

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LISTI NGS SOLD 800

600

93.1%

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SOLD | 173 N ANITA AVE | $7,000,000

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50%

AVG . DAY S O N M A R K E T 40%

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$1,029

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Pacific Palisades The ultimate hideaway for extraordinary estates and high-end residences, the Pacific Palisades is one of Los Angelesâ&#x20AC;&#x2122; highly coveted neighborhoods and best-kept secrets. With views of the ocean, beach access, and close proximity to Santa Monica, Malibu, Brentwood and Topanga without the traffic, Pacific Palisades is the perfect place to call home. Pacific Palisades is also home to the striking Getty Villa as well as numerous

breathtaking parks offering access to some of Los Angelesâ&#x20AC;&#x2122; finest hiking trails, including Will Rogers State Park, Topanga Canyon State Park, Palisades Park, and more. Enjoying the highest average price per square foot sold in any quarter over the last three years and spending an average of 51 days on market, the Pacific Palisades has undoubtedly emerged as a market to be reckoned with..

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LISTI NGS SOLD 800

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98.3%

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SOLD | 719 AMALFI DR | $19,500,000

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$1,258

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Santa Monica Between wandering on the piers, yachting, and taking in miles of the iconic seaside and striking Santa Monica Mountains that stretch across the Pacific Coast Highway, the small yet famed port town is a hub for single professionals, established families, and overall beach enthusiasts. While residents enjoy prime location as it neighbors

Silicon Beach and both its startups and tech giants like Facebook, YouTube, IMAX, Netflix, etc., they enjoy reasonable prices compared to its Venice and Playa Vista neighbors. Although there was a slight decline in the average sale price per square foot, homes in Santa Monica are only spending an average of 42 days on the market.

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LISTI NGS SOLD 800

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98.5%

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SOLD | 101 OCEAN AVE #E502 | $2,498,000

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AVG . DAY S O N M A R K E T 40%

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$1,145

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Malibu Long hailed as a jewel of Southern Californiaâ&#x20AC;&#x2122;s gorgeous Pacific Coastline, the city of Malibu remains one of the most coveted destinations in Los Angeles. Along with its 21 miles of breathtaking beaches, lush rolling hills, and an exclusive oceanfront lifestyle, this is home to a community that includes some of the wealthiest and most influential people in the region.

Malibu features a unique mix of upscale properties including beautifully restored architectural works and award winning new constructions. Although we've been seeing a slight downward trend in the average sale price per square foot and that homes are spending longer days on market, Malibu remains one of the area's strongest luxury markets.

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87.8%

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SOLD | 3916 SPRAY LN | $4,995,000

60%

136

50%

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$1,184

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Hancock Park Renowned architects like Frank Lloyd Wright and Wallace Neff built various Period Revival styles (Tudor, English, Spanish, American, etc.) while maintaining not only the upscale character of the community, but its magic. With Beverly Hills and Downtown LA right down Wilshire Boulevard; La Brea, Melrose, Fairfax Avenues, and The Grove nearby; entertainment, jobs, and nightlife

are just around the corner. In fact, the average household income of Hancock Parkâ&#x20AC;&#x2122;s residents consistently ranks among the top in the nation. From its distinguished museums to its pockets of culture, Hancock Park continues to be one of the most highly coveted areas to live in Southern California with the average home only spending 62 days on market.

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LISTI NGS SOLD 800

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98.5%

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SOLD | 356 S HUDSON AVE | $12,950,000

60%

50%

AVG . DAY S O N M A R K E T 40%

30%

$692

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West Hollywood Between the thriving art scene, Runyon Canyon, iconic hotels, comedy clubs, boutiques, the Pacific Design Center and innovative cuisine, West Hollywood, nicknamed WeHo, has endless amenities and lifestyle experiences to offer. Just minutes away from the pulse of Los Angelesâ&#x20AC;&#x2122; mecca for culture, entertainment, fine dining, fashion, and nightlife are the Hollywood Bowl, Dodger Stadium, The Greek Theatre, and the Getty Center, the

compact city boasts the Sunset Strip, Santa Monica Boulevard, Robertson and Melrose. Continuing to be acknowledged as progressive, diverse, and embracing, the influential West Hollywood is seeing an abundance of contemporary high-rises, urban living, and beautifully architectural residential homes. The market in West Hollywood remains consistently stable with the average property only spending 52 days on market.

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SOLD | 824 N LA JOLLA AVE | $3,450,000

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$1,039

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Los Feliz Los Feliz, like its name suggests, is a happy place to live. Resting just below the southern slopes of Griffith Park, the cozy yet affluent hamlet exudes an appealing small town vibe. Here, youâ&#x20AC;&#x2122;ll find tree-lined streets, the Greek Theatre, one of Los Angelesâ&#x20AC;&#x2122; most walkable commercial district known as Los Feliz Village, and some of the most sought after real estate in the world. Now a popular

celebrity enclave, Los Feliz features jaw-dropping architectural residences from renowned architects such as Frank Lloyd Wright, Richard Neutra, Wallace Neff, Gregory Ain, and R.M. Schindler, attracting chic and creative professionals and Hollywood entertainers. Nearly 60% of homes spent up to 30 days on market this past quarter, making Los Feliz real estate highly desirable.

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LISTI NGS SOLD 800

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100.4%

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SOLD | 4335 CEDARHURST CIR | $1,980,000

60%

50%

AVG . DAY S O N M A R K E T 40%

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$760

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Sherman Oaks Cradled in the San Fernando Valley, Sherman Oaks blends warm neighborhood charm with breathtaking views and built-in privacy. Residents can also enjoy all that the Sepulveda Basin Recreation Area has to offer varying from multiple

golf courses, tennis courts, baseball diamonds, and soccer fields. Enjoying the highest average sales price per square foot in any quarter over the last three years, the vibrant community is quickly becoming a hotbed for luxury real estate

1,200

132

1,000

LISTI NGS SOLD 800

600

99.5%

400

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AVG. SA LE PR ICE / AVG. LIST PR ICE

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SOLD | 3907 SEPULVEDA BLVD | $3,799,000

60%

50%

AVG . DAY S O N M A R K E T 40%

30%

$602

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10%

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D.O.M. DISTRIBUTION

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RESNICK & NASH

THE HEATHER HOUSE BEVERLY HILLS P.O. $42,500,000

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ULTRA-LUX |

S A L E $ / S Q . F T.

2600 2275

$5-10o

SALE $/ SQ FT

1950 1625 1300

3 Y EA RS (QUA RTER LY) Q1 2015-2018

975 650

SOLD -0.5%

325 0

2600 2275

$10-15o

SALE $/ SQ FT

1950 1625 1300 975

3 Y EA RS (QUA RTER LY) Q1 2015-2018

650

SOLD -0.6%

325 0

2600 2275

$15o+

SALE $/ SQ FT

1950 1625 1300

3 Y EA RS (QUA RTER LY) Q1 2015-2018

975 650

SOLD +2.7%

325 0

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Oscar-Worthy Residences A S TO R Y B Y N A D I A WAT S O N

Once again, that time of year has returned where streets are closing in preparation for the 90th Academy Awards Ceremony and driving into Hollywood on Awards Night would be the textbook definition of a nightmare. In the spirit of Oscars road closure season, Hilton & Hyland would like to spotlight a few estates that have strong ties to the big screen.

The Johnny Carson Estate Formerly home to the Tonight Showâ&#x20AC;&#x2122;s late host, Johnny Carson, this pristine compound expands over four acres of park like grounds, gardens and pathways with private access to the gorgeous beach below. The secluded modern masterpiece by renowned architect Edward R. Niles rises above the majestic bluffs of Point Dume, overlooking the dazzling Pacific Ocean.

The Heather House Previously owned by the late Hollywood super-agent, Ed Limato, the recently remodeled estate offers 11 bedrooms, over 22,000-square-feet between the main and three-bedroom guesthouse, and an incredible collection of furnishings and art throughout. Sitting on 1.6 acres in Coldwater Canyon, the grand estate is marked by European charm and iconic Hollywood glamour opening on the market for $45,000,000.

The Jim Belushi Villa Home to comedic actor Jim Belushi, this Italian Villa is the ultimate celebrity compound. Completed in 2010, the residence is sited behind gates on a rare double lot of over 1.3 acres. The stunning Mediterranean estate is the fruit of collaboration by two of the greatest aesthetes of our age: architect Oscar Shamamian and designer Michael Smith. A full-size pool, pool house, Jacuzzi and cold plunge invite relaxation and recreation in the serene gardens. Details were sourced the world over, including: reclaimed roof tile from Venezuela, reclaimed fireplace mantles and tile floors of Italian terracotta, custom ironwork, Moroccan glazed bathroom tiles and hand-hewn American hardwood flooring.

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Hilton & Hyland Helping Hands Joins Forces With Habitat for Humanity of Greater Los Angeles for Another Home Build A S TO R Y B Y N A D I A WAT S O N

Habitat for Humanity of Greater Los Angeles provides the community with a unique opportunity to change lives for candidates earning 30-80% of the median family income. To carry out their mission of offering “a hand up, [and] not a hand out,” Habitat facilitates the construction of new homes or renovation of existing homes for Habitat Partner Homebuyers. The carefully screened Habitat Partner Homebuyers are required to contribute 250 hours of sweat equity into the Habitat program. They can be found participating in the construction of their own home, and are often helping on other sites as well. Homes are sold to buyers without profit and financed with zero interest loans. Mortgage payments go towards building more Habitat homes. “Our involvement with Habitat for Humanity is becoming a staple of our philanthropic contributions at Hilton & Hyland,” said Charles Black, Executive Vice President of Hilton & Hyland. “My passion for architecture lends itself well to Habitat, and my team get hands on experience in the construc-

tion process. Observing a different stage of real estate development while helping those who need a hand up in the community is an awesome opportunity,” stated Susan Smith, whose entire team spent the day working at the build site. Our Hilton & Hyland Helping Hands volunteers spent the day either on the roof or inside of a modest three bedroom, two-story home currently under construction. They lined the unfinished wooden roof with tar-paper and fastened the lining down with cap-nails. Others primed and painted the walls of the kitchen, bathroom, laundry room and family room. Committing to a full day under the hot sun paid off. By 3pm the crew had the majority of the roof done and walls painted, and the home is now one step closer to being ready for its owner. The new residents will sleep soundly knowing that they have a reliable Hilton & Hyland-built roof over their head.

To learn more about Habitat for Humanity, please visit: www.habitat.org