NAIOP South Florida Kicks off 2020 Programming with Economic Outlook

Darcie Lunsford

FORT LAUDERDALE, FL– NAIOP South Florida, the Commercial Real Estate Development Association, kicked off 2020 with its annual Economic Outlook. 

Jay M. Caplin

Hosted by Berger Commercial Realty at the new 550 Building and moderated by Butters Realty & Management Executive Vice President Darcie Lunsford, Economic Outlook presented insights and predictions for 2020 from an esteemed panel of experts.

Panelists included: Square2 Capital Principal Jay M. Caplin; Link Industrial Properties Managing Director of Southeast Investments Clifton H. Coffey; Stiles Chief Investment Office and Board Director Rocco Ferrera; Duke Realty Vice President of Leasing and Development and NAIOP South Florida Board of Directors President Stephanie Rodriguez; and Wells Fargo Senior Economist and Managing Director Mark Vitner.

Clifton H. Coffey

“There are two major areas that we should consider going into 2020,” Vitner said. “The first is the emergence of data as a currency – any purchase made online is not only an exchange of funds, but it is also an exchange of information that can be just as valuable as the financial transaction. 

"The second is the worsening imbalance between housing costs and income for most Americans. Increased cost of construction and the shortage of housing inventory has caused property values to skyrocket. 

Stephanie Rodriguez

"Lack of affordable housing options affects workers, which in turn affects businesses and the greater economy.”

Panelists also gave their takes on topics ranging from GDP, the state of the real estate cycle, the economic impact of the presidential election, commercial real estate trends in 2020, the impact of trade wars and tariffs, negative interest rates and more.

For upcoming NAIOP South Florida events, visit www.naiopsfl.org.

About NAIOP South Florida

NAIOP South Florida is the largest chapter of NAIOP in the state. 

With more than 350 members representing constituents in Miami-Dade, Broward, Palm Beach, Martin and St. Lucie counties, the chapter is the leading commercial real estate development organization in the region.

Mark Vitner

 NAIOP supports commercial real estate professionals with advocacy, education and business opportunities and connects its members through a powerful North American network.

About NAIOP

NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial, retail and mixed-use real estate. 

NAIOP comprises 20,000 members in North America. NAIOP advances responsible commercial real estate development and advocates for effective public policy.

Rocco Ferrera

 CONTACT:

Samantha Van Nuys

O: 954.776.1999  ext. 115 |C: 954.648.9132

6451 North Federal Highway, Suite 1200 

Fort Lauderdale, Florida 33308

naiop.org.

 naiopsfl.org.

Celebrities' Home in Calabassas, CA on Market for $6.6 Million

Calabassas, CA Home at 5150 GARRETT Court Attracts Top Hollywood Names

Photo credit: Douglas Elliman         Source: www.elliman.com

CALABASSAS. CA --Since the early days of Hollywood, celebrities have been buying each other’s houses, either as a moving-up status symbol or to be assured of being in the right celebrity neighborhood equal to their peers.

Khloe Kardashian 

As neighborhoods close to the studios became heavily populated, Calabasas and Hidden Hills in the western end of the San Fernando Valley became more exclusive with their protected gated communities and homes that provided more breathing space.

Selena Gomez 

At least five of the Jenner-Kardashian clan live in the Calabasas area and the large celebrity group of residents often sell to other celebrities such as Justin Bieber to Khloe Kardashian and Selena Gomez to rapper French Montana - who also dated Khloe Kardashian who lives nearby.

 Justin Bieber 

Calabasas celebrity lives intertwine as do the houses they also seem to share between them. Gomez sold to Montana in 2016 after living there for three years and three years later Montana is hoping to pass it on to the next buyer and has put it on the market priced at $6.6 million.

Understandable how a young single person could feel somewhat overwhelmed after rambling around in a 7,786-square-foot mansion with five bedrooms and six baths on 3.10 acres of land.

French Montana

Located in the gated Mureau Estates community and built in 2004 of stucco and stone, Montana’s home was designed with entertaining in mind.

Palatial with its five fireplaces, large rooms, tile floors and chef’s kitchen outfitted to handle large parties and with a large pantry, it caters to those who crave creature comforts and entertain routinely.

 Included are a formal living room, dining room with floor-to-ceiling windows, private family rooms, full bar, gym and movie theater.

Glass doors open to a stunning backyard with pool, spa, cabana, Viking outdoor kitchen and a brick pizza oven. Montana turned the former guest house into a $400,000 eclectic recording studio that is guarded by a large elephant topiary.

 There is also an outdoor courtyard, four-car garage and parking for more than ten cars.

The home was purchased by Selena about the same time she was ending her starring role in the Disney Channel’s Wizards of Waverly Place and taking a temporary break from her music career to pursue more acting roles.

 She sold the house in 2016 to Moraccan-American rapper Karim Kharbouch, better known by his stage name, French Montana.

 Gabriel Palmrot 

A year after moving in, Karim released his second studio album, Jungle Rules, which landed at number three on the Billboard 200.

 Its single, Unforgettable, was his first song as lead artist to reach the top 10 on the U.S. Billboard Hot 100.

This Calabasas celebrity mansion might exude a special fairy dust that, within three years, propels its young owners towards the pinnacle of their future success, such as it seems to have done for Selena Gomez and now French Montana.

The listing agent is Gabriel Palmrot of Douglas Elliman, Beverly Hills.

CONTACT:                                                                                               

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  434-480-4504
Twitter:  @toptenrealestat
facebook.com/toptenrealestat 

Former Home of Boris Karloff and Katharine Hepburn in Los Angeles for Sale at $9 Million

Los Angeles, CA Former Home of Katharine Hepburn and later, Boris Karloff

Photo credit: Jim Bartsch             Source: www.elliman.com

LOS ANGELES, CA -- A Los Angeles home where Katharine Hepburn lived early in her Hollywood career and Boris Karloff at the height of his career is for sale.

 Hepburn, who was the queen of romance movies, and Karloff, who was the king of monster movies, occupied the home that is still owned by people with film-industry connections, according to TopTenRealEstateDeals.com.

Katharine Hepburn

The 5,000-square-foot, hacienda-style home in Hollywood’s celebrity-rich 90210 zip code has recently been placed on the market, priced at $8.995 million.

When Katharine Hepburn made the transition from Broadway to Hollywood in 1932, she rented the home and lived in it for the next five years.

 Katharine had been discovered by a Hollywood talent scout in New York during her performance in The Warrior’s Husband who invited her to do a screen test for Joseph P. Kennedy’s RKO Pictures.

Boris Karloff 

Katharine was so different from Hollywood’s other stars that famed director George Cukor referred to her as an “odd creature.”

Her independent style and business acumen turned her into one of the world’s most popular stars for the next 60 years.

In 1938, Boris Karloff bought the Bowmont Drive home after he attained star status in the horror-film genre for his monster characters in Frankenstein, The Walking Dead and others.

He continued to live there until 1945, enjoying his passion for gardening and turning the grounds into a tropical paradise.

George Cukor

Built in 1927, the five-bedroom, six-bath home appears to rest on a cushion of shrubs and flowers with terraces, two outdoor fireplaces, lawns and steps leading down to the swimming pool. Inside, whitewashed brick walls are balanced by wood or tile floors and wood ceilings with beams.

Joseph P. Kennedy

With six interior fireplaces added to the two outside, there are many choices where one can cuddle up by a blaze on a chilly evening.

A perfect home for entertaining, its walls must have many stories to tell, from the large kitchen to intimate conversation areas and garden spots among tropical blooms, roses and fruit trees.

The listing agent is Brendan Fitzpatrick of Douglas Elliman, Beverly Hills.

CONTACT:                                                                                               

Genelle C. Brown
Content Manager, Media Division
TopTenRealEstateDeals.com
Phone:  434-480-4504
Twitter:  @toptenrealestat
facebook.com/toptenrealestat