Pablo Picasso’s $265 million home sells to wealthy international financier

Victor Quiroz Realtor

He was known for pushing boundaries in the art world, but most people would also call the price tag of Pablo Picasso’s French mansion an abstract concept.

Listed for $US200 million (about $265 million), the Spanish artist’s final home was sold to a Brunei financier this month — although the official sum paid for the 35-room manor has not been disclosed. Read more HERE.

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Report predicts LA rents will keep rising in 2017

Victor Quiroz Realtor

 

A new report on the nation’s rental markets from real estate firm Marcus & Millichap puts Los Angeles at the very top of its 2017 National Multifamily Index, predicting that rents will rise more than five percent this year, while the city’s already low vacancy rate continues to decline.

That’s great news for landlords, who should see real estate investments pay dividends this year, but renters may be understandably perturbed by the firm’s forecast. According to the report, rental prices will likely rise to an average of $2,095 per month by year’s end, an increase of 5.4 percent. Read more here.

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The 13 Places You Should Go In Southern California In 2017

Victor Quiroz Realtor

2016 has been quite an eventful year in Southern California. Over the past twelve months we’ve featured a handful of fun adventures including scrumptious foodie finds, breathtaking hiking trails, and historic landmarks that everyone in Southern California should make a point to see in person. Here are 13 of our favorite spots that we’ve visited in SoCal this past year. We think you’ll enjoy adding them to your 2017 bucket list. Let the adventures begin! See more here.

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LA remains the seventh-most expensive rental market in the U.S.

Victor Quiroz Realtor

Rents for a one-bedroom unit in Los Angeles climbed 5.2 percent since December 2015, according to a new report from rental website Zumper. Nationwide, rents increased 1.8 percent over the same amount of time, though some of the most expensive markets—including San Francisco and New York—have actually seen significant declines in prices since last year, the report found. Read more here.

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