Hilton & Hyland Quarterly Report Q2 2019 by Hilton & Hyland

Q2 19

Quarterly Market Report

1026 Ridgedale Dr, Beverly Hills $49,000,000 Represented by Susan Smith

Table of Contents.

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Foundersâ&#x20AC;&#x2122; Letter

Market Share

Significant Sales

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page 7

page 9

Owners Rick Hilton and Jeff Hyland recap the second quarter of 2019.

Hilton & Hyland once again dominated the luxury real estate market in Los Angeles.

Our most significant sales of Q2 including the sale of an incredible Bel-Air compound.

Showcase Listings

Earned Media

Market Data

page 23

page 39

page 57

A gallery of our latest luxury listings, including the famed La Casa Pacifica.

A round-up of our most notable editorial features from Q2.

A look at the overall Q2 marketplace from Malibu to Sherman Oaks.

Contemporary Artists in Modern Spaces

Race to Erase MS Gala

Meet Our Team

page 87

page 89

page 91

See how contemporary artists and art stagers add value to luxury homes.

Rick and Kathy Hilton pledge their support at the 26th annual event.

Meet our agents, management and marketing team.

1155 ANGELO DR BEVERLY HILLS | $46,500,000 Represented by Stephen Resnick and Jonathan Nash

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Founders' Letter. Welcome to the Hilton & Hyland Quarterly Market Report, our examination of Q2â&#x20AC;&#x2122;s sales figures of the Los Angeles real estate market. This quarter, we brought to the market some incredible, architecturally significant listings, and earned unique features in the international press. The LA residential market ramped up, as the average days on market saw a significant decrease overall from Q1 in most markets. The average sales price per square foot of the ultra-luxury $20 Million+ market reached near record highs, rising to $2,473 per square foot. As the leading luxury real estate brokerage in Los Angeles, Hilton & Hyland currently enjoys a majority 37% of the $20 Million+ residential market share in 2019. We also maintain a dominant 34% market share of the $10 Million+ local residential market and 24% of our $5 Million+ local single family market respectively. We are proud to have represented 30 sales priced $10 Million and above so far in 2019, including a massive Bel-Air compound on Bentley Circle, an immaculate celebrity estate in Beverly Hills, and the 17th floor of the illustrious Sierra Towers. 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. As the definitive leader in the luxury real estate market, it gives us great pleasure to present this comprehensive report.

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Rick Hilton

Jeff Hyland

CHAIRMAN

PRESIDENT

BEV ER LY W EST PENTHOUSE COLLECTION WILSHIRE CORRIDOR Represented by Jeff Hyland, Bill Simpson and Susan Pekich

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$20M+

$10M+

Â©2019 Hilton & Hyland Real Estate Inc. Statistics based on residential sales recorded in the MLS from Jan 1st 2019 to June 30th 2019 in the disclosed markets. Figures include relevant off-market sales. All figures based on recorded sales prices. All figures should be independently verified for accuracy. DRE 01160681.

2019 Market Share. Hilton & Hyland closed out the first half of 2019 in style by once again dominating the Los Angeles luxury real estate market. At the year’s halfway point, Hilton & Hyland commands a majority 37% of the $20 Million+ residential luxury market. Having such a strong foothold in this ultra-competitive market, not only continues to reinforce the company’s position in Los Angeles, but throughout the world. With 30 sales priced $10 Million and above so far in 2019, Hilton & Hyland commands a majority 34% of the $10 Million+ residential luxury market in Los Angeles. Q2 saw the $5 Million+ residential market come roaring back to life after high prices left the market a bit stagnant in Q1. Halfway through 2019, Hilton & Hyland commands a majority 24% of single family homes in our local markets including Brentwood, Santa Monica, Studio City and West Hollywood.

$5M+

©2019 Hilton & Hyland Real Estate Inc. Statistics based on residential sales recorded in the MLS from Jan 1st 2019 to June 30th 2019 in the disclosed markets. Figures include relevant off-market sales. All figures based on recorded sales prices. All figures should be independently verified for accuracy. DRE 01160681.

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Significant Sales.

BR ANDEN & R AYNI W ILLIAMS

281 BENTLEY CIRCLE BEL-AIR | $45,000,000 Branden & Rayni Williams Represented the Seller

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Sales Priced $10 Million and Above in the First Half of 2019.

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281 BENTLEY CIRCLE, BEL-AIR $45,000,000 Represented the Seller

BEL-AIR ESTATE $39,865,000 Represented the Seller

21 OAKMONT DR, BRENTWOOD $33,500,000 Represented the Seller

BEVERLY HILLS ESTATE $30,000,000 Represented the Seller

778 SARBONNE RD, BEL-AIR $29,000,000 Represented the Buyer

BRENTWOOD ESTATE $28,000,000 Represented the Seller

805 NIMES PL, BEL-AIR $25,600,000 Represented the Buyer

BEVERLY HILLS ESTATE $25,460,730 Represented the Buyer

BEVERLY WEST PENTHOUSE $21,000,000 Represented the Buyer and Seller

721 N RODEO DR , BEVERLY HILLS $19,850,000 Represented the Seller

1707 WESTRIDGE RD, BRENTWOOD $19,500,000 Represented the Buyer

1647 MANDEVILLE CANYON, BRENTWOOD $19,375,000 Represented the Seller

3055 PADARO LN, CARPINTERIA $18,125,000 Represented the Seller

912 BENEDICT CANYON, BEVERLY HILLS $16,700,000 Represented the Seller

603 N BEDFORD DR, BEVERLY HILLS $15,700,000 Represented the Seller

816 N ALPINE DR, BEVERLY HILLS $15,210,000 Represented the Buyer and Seller

9431 SUNSET BLVD, BEVERLY HILLS $15,000,000 Represented the Buyer and Seller

1267 LAGO VISTA DR, BEVERLY HILLS $14,900,000 Represented the Buyer and Seller

2701 VIA ELEVADO, MALAGA COVE $14,100,000 Represented the Seller

8516 HEDGES PL, SUNSET STRIP $12,875,000 Represented the Seller

SANTA MONICA ESTATE $11,895,000 Represented the Buyer and Seller

SIERRA TOWERS #1702-04-06 $11,000,000 Represented the Buyer and Seller

9212 NIGHTINGALE, SUNSET STRIP $11,000,000 Represented the Buyer

714 N OAKHURST DR, BEVERLY HILLS $10,600,000 Represented the Buyer

802 N CRESCENT DR, BEVERLY HILLS $10,400,000 Represented the Buyer and Seller

708 N REXFORD DR, BEVERLY HILLS $10,350,000 Represented the Buyer

618 N PALM DR, BEVERLY HILLS $10,026,465 Represented the Buyer

707 N ALTA DR, BEVERLY HILLS $10,025,000 Represented the Buyer

BRENTWOOD ESTATE $10,000,000 Represented the Seller

SANTA MONICA ESTATE $10,000,000 Represented the Seller

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LINDA MAY

21 OAKMONT DR BRENTWOOD | $33,500,000 Linda May Represented the Seller

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DREW FENTON

721 N RODEO DR BEVERLY HILLS | $19,850,000 Drew Fenton Represented the Seller

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DAVID KRAMER, ZACH GOLDSMITH

1267 LAGO VISTA DR BEVERLY HILLS | $14,900,000 David Kramer Represented the Seller, Zach Goldsmith Represented the Buyer

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PAUL STUKIN, JOSH GREER

SIERRA TOWERS #1702-04-06 SUNSET STRIP | $11,000,000 Paul Stukin and Josh Greer Represented the Buyer and Seller

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LINDA MAY

9431 SUNSET BLVD BEVERLY HILLS | $15,000,000 Linda May Represented the Buyer and Seller

BRETT LAWYER

708 N REXFORD DR BEVERLY HILLS | $10,350,000 Brett Lawyer Represented the Buyer

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Showcase Listings.

LINDA MAY

LA CASA PACIFICA SAN CLEMENTE | $57,500,000

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SUSAN SMITH

1026 RIDGEDALE DR BEVERLY HILLS | $49,000,000

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BRANDEN & RAYNI WILLIAMS

10701 BELLAGIO RD BEL-AIR | $48,000,000

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DREW FENTON

1500 GILCREST DR BEVERLY HILLS | $46,750,000

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BRANDEN & RAYNI WILLIAMS

1369 LONDONDERRY PL SUNSET STRIP | $34,950,000

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DREW FENTON

15060 CORONA DEL MAR PACIFIC PALISADES | $27,500,000

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TRISTA RULLAN

27 THE PENINSULA DENARAU ISLAND, FIJI | $11,000,000

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JEFF HYLAND, BILL SIMPSON & SUSAN PEKICH

BEVERLY WEST PENTHOUSE COLLECTION WILSHIRE CORRIDOR | COMING SOON

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KRIS ZACUTO, JUSTIN HUCHEL

5918 S FIREFLY PL PLAYA VISTA | $4,350,000 Final Two Jewel Playa Vista Residences Left

KRIS ZACUTO, JUSTIN HUCHEL

5922 S FIREFLY PL PLAYA VISTA | $4,119,000 Final Two Jewel Playa Vista Residences Left

Earned Media. A selection of our notable press in Q2

ARCHITECTURAL DIGEST R E L E A S E D : M AY 3 0 T H A G E N T : R AY N I W I L L I A M S PR O PE R T Y: T H E E N N I S H O U S E LOS FELIZ

$23,000,000

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Inside a Famous $23M Mayan-Revival Frank Lloyd Wright Mansion Welcome to the legendary Ennis house. Designed by Frank Lloyd Wright, located at 2607 Glendower Avenue in the neighborhood of Los Feliz. This 8,000 square foot home was built in 1924 and is one of the most recognizable homes in the hills of Los Angeles. It’s both historic and livable, with three bedrooms, four baths, a pool, library, loggia, billiard room, rose garden and guest house, plus, never seen before Frank Lloyd Wright-designed furniture. Wright began building homes in California in the early 1920s. Mezo-American culture was becoming very popular in the U.S., and Wright was very influenced by those structures. With carved stones and enormous stepped-back pyramids, the Ennis house is arguably one of the best examples of Mayan revival in the U.S. Wright created a technique where he would literally take concrete and create it into a textile. He would

The entire home is connected by one long loggia. This

mold the concrete blocks and knit them around a steel

is what Frank Lloyd Wright calls a continual becoming,

lattice. You’ll see the special geometric design which is

where one space flows and evolves depending on

carved into each block.

its purpose. For example, it connects you right to the library. It actually used to be Mrs. Ennis’ bedroom. You

This is the last of his four-block houses, it’s also the

can see this beautiful bookcase continues over to the

largest and the best situated, with views from every

bathroom with the fabulous travertine walls and the

room. A 17 million dollar restoration started in 2007 now

sunken tub. All of the tiles are original.

has the Ennis house in better-than-original condition at almost a century old. In the restoration, five thousand of

The Ennis house has always been a popular filming

the blocks were placed and modernized. So the home

location, as early as 1933. They would take casts of the

is currently stronger than ever before while keeping the

tiles and use them to build sets on sound stages. Blade

original design.

Runner was filmed right here. The exteriors for House on Haunted Hill and Buffy the Vampire Slayer were as well.

Most of the rooms have four exposures where light

The Ennis house also inspired the design of Daenerys’

can come through all day. The Ennis House was one

penthouse in Meereen in Game of Thrones.

of the first homes to start using corner windows. The glass meets at the corner to make the joint completely

The Ennis House has been lovingly restored to Frank

disappear. This is very difficult to do today, so you can

Lloyd Wright’s original vision. This is the best condition

imagine how difficult it was to do in the 20s. The views

it has ever been in. Completely modernized and

from the corner window connect you all the way to

structurally reinforced with custom Wright furniture

Downtown LA.

built out for the first time. The Ennis House will make its mark on the Hollywood landscape for 100 more years.

While it looks like a block house on the outside, on the

This unbelievable architectural landmark can be yours

inside it feels like a glass house. Frank Lloyd Wright calls

for 23 million dollars.

the windows light-screens. They’ve got abstractions of nature, but they do not use a lot of colored glass. The same company that built them is still around today. I love how the

Partial transcription of the full interview conducted

glass windows sparkle all day with the western exposure.

for Architectural Digest; available to watch on YouTube.

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Hilton & Hyland Merges High-End Real Estate with High-End Fashion S T O R Y B Y N A D I A W AT S O N

Hilton & Hyland’s best in class marketing team

First, we saw Icon Spain selected award-winning

offers elite top agents an abundance of benefits

actor, director, and producer, Michael Keaton, grace

via digital and social exposure on current multi-

their cover and where better to shoot than at The

million dollar listings. Constantly looking for new

Broadway House, represented by Justin Alexander

and edgy ways to stay ahead of the curve and

and Mick Partridge. Having worked with The New

above the competition, our most recent initiative

Yorker, French Vogue, W Magazine, and Rolling

merges high-end fashion with high-end real estate.

Stone as well as capturing the likes of Mother Theresa and Mick Jagger, it was by no accident an

In the past few months, we’ve partnered with the

equally decorated photographer, Max Vadukul, was

top international magazines, including Icon Spain,

the photographer on set to convey his signature

InStyle Russia, and Interview Germany, to provide

“high-octane energy and offbeat spontaneity.”

the locations for their cover shoots. In exchange for the use of our properties, they have provided us

Being able to watch the entire process from the

advertising opportunities, allowing Hilton & Hyland

impeccable detail, styling, and watching Max place

to tap into their audience of over 60 million affluent

Mr. Keaton in what some may call “uncomfortable”

international buyers, investors, and celebrities at an

positions throughout the designer Venice bungalow

unrivaled level of sophistication – and style.

was nothing short of enthralling.

In the first quarter of 2019, we provided the

Spider-Man himself, Tom Holland, graced Icon Spain’s

locations for two cover shoots for InStyle Russia

June cover ahead of the release of Spider-Man: Far

and Interview Germany. Leonard Rabinowitz and

From Home. Here we watched eight designer outfit

Jack Friedkin’s romantic 911 North Beverly Drive

changes (which included articles from Prada and

was the backdrop for American actress, model,

Balenciaga), an unrivaled production team that

and musician, Milla Jovovich’s cover shoot for

made it happen, and one stellar, multi-faceted actor

InStyle Russia’s April issue. Interview Germany’s

who even climbed trees to get the shot. This shoot

April cover shoot featured BAFTA-winning actor,

was held at The Kuderna House, also represented by

Jamie Bell, shot on location at Donovan Healey’s

Justin Alexander and Mick Partridge.

architectural masterpiece 12954 Blairwood Drive in Sherman Oaks (recently sold).

Last to hit the stands in July, was our cover shoot with Orlando Bloom for Icon Spain shot in prime a Beverly

In the second quarter of the year, we’ve provided

Hills location represented by Drew Fenton and David

the locations for three cover shoots for Interview

Kramer. Stay tuned for our feature in Harper’s Bazaar

Germany and Icon Spain.

Taiwan with supermodel Alessandra Ambrosio!

Tom Holland ICON SPAIN Shot on location at The Kuderna House Represented by Justin Alexander & Mick Partridge

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Alessandra Ambrosio HARPERâ&#x20AC;&#x2122;S BAZAAR TAIWAN Shot on location at The Kuderna House Represented by Justin Alexander & Mick Partridge

Jamie Bell INTERVIEW GERMANY Shot on location at 12954 Blairwood Dr Sold by Donovan Healey

Orlando Bloom ICON SPAIN Shot on location at 1710 Tropical Ave Sold by Drew Fenton & David Kramer

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Elaborate Los Angeles Spec Mansion Asks $46.5 Million Built by a par t nership that includes Br it ish billionaires Ian and Richard Livingstone, the roughly 24,000-sq f t home was built over a nearly three-year per iod. An elaborate Los Angeles spec mansion is going on the

The property also includes several open courtyards

market for $46.5 million.

and a large backyard with a pool.

Backing the project is the partnership that last year

Mr. Fowles-Pazdro said the partnership aimed to inject

bought Le Belvedere, a château-style home in Bel-Air,

a “European” flavor into the home, and wanted it to be

for $56 million from Mohamed Hadid—a developer and

more understated than many of the other spec homes

father of models Gigi and Bella Hadid. The partnership

flooding the Los Angeles market. “There are enough

consists of Max J. Fowles-Pazdro, a Los Angeles investor,

white sugar cubes out there,” he said of the other

and London & Regional Properties, which is headed by

homes.

billionaire British developers Ian and Richard Livingstone. Le Belvedere is undergoing a major renovation, Mr.

Angelo Drive is home to several compounds, including

Fowles-Pazdro said.

one owned by billionaire Anthony Pritzker, an heir to the Hyatt Hotel fortune who owns a 49,300-square-

The

partnership’s

$46.5

million

project

foot home with a bowling alley, hairdressing area

neighborhood known as Beverly Hills Post Office.

and a gym. The Livingstone brothers have developed

Roughly 24,000 square feet, the home was built over a

mixed-use properties in Britain, other parts of Europe

nearly three-year period and sits on almost an acre on

and Latin America. Ian Livingstone didn’t respond to a

Angelo Drive. It has an entryway with 30-foot ceilings

request for comment.

and walls of marble, a screening room with a bar, a

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library, a bocce court, a regular kitchen as well as a staff

Stephen Resnick and Jonathan Nash of Hilton & Hyland

kitchen, a mud and massage room and eight bedrooms.

have the listing.

Wall Street Journal S T O R Y : K AT H E R I N E C L A R K E PU BLISHED: APRIL 29TH A G E N T S : S T E P H E N R E S N I C K , J O N AT H A N N A S H P R O PE R T Y: 1 1 5 5 A N G E LO D R B E V E R LY H I L L S

$46,500,000

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Brad Pitt and Jennifer Anistonâ&#x20AC;&#x2122;s Former Beverly Hills Estate Lists For $49M Designed in 1934 by inf luential Southern Californian architect Wallace Neff, the updated mansion boasts five bedrooms and 12 bathrooms.

Tucked away in Beverly Hills, California, the 1.2-acre estate once owned by Brad Pitt and Jennifer Aniston is back on the market. Originally designed by influential architect Wallace Neff in 1934, the house was renovated by the former A-lister couple, who owned the home from 2001 to 2006. While the celebrity owners spent over three years upgrading the residence, they meticulously kept the architectural integrity of the original structure. Featuring five bedrooms and an impressive 12 baths, the French Normandy Revival-style estate also includes a huge swimming pool right off an expansive outdoor living area, as well as a newly built

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tennis court with a pavilion and second-story guest house. Neff originally built the home for award-winning actor Fredric March and his wife, actress Florence Eldridge. Former celebrity couple Brad Pitt and Jennifer Aniston lived in the home from 2001 to 2006, thoughtfully renovating it throughout the course of over three years. The gourmet, black-and-white kitchen houses the original fireplace, along with an eat-in area, and the light-filled dining space can comfortably seat up to 20 people. Susan Smith of Hilton & Hyland exclusively represents the listing.

Dwell S T O R Y : K AT H R Y N M . P U B L I S H E D : M AY 3 1 S T A G E N T: S U S A N S M I T H P R O PE R T Y: 1 0 2 6 R I D G E DA L E D R B E V E R LY H I L L S

$49,000,000

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Unnamed Buyer Snags $52 Million Bel-Air Compound The seemingly endless stream of spec-built Los Angeles

year period. Publicly marketed as a “modern utopia,” the 20,000

mega-mansions — several pop up for sale nearly every week

sq. ft. showstopper features design by Tag Front Architects and

— has sparked fears of a market oversupply, particularly since

dynamite westward views over the Century City skyline and

billionaires’ enthusiasm for residential splurges has tempered.

beyond, to the ocean and Catalina Island on the horizon.

L.A. has not seen a brand new manse sell for above $35 million in nearly a full year.

A striking blend of steel, glass, and stacked concrete blocks grace the front façade. The museum-quality interior boasts

But lo, it turns out there are still serious buyers lurking around,

seven bedroom suites and a wine room, plus other requisite

ready to pounce. Only on the right property, of course.

amenities: a gym, spa facilities, 12-car garage, and 20-seat movie theater.

It was the Wall Street Journal who first reported the scathing $52.2 million sale of an eye-popping Bel Air compound. Two

As expected, the terraced backyard has an assortment of

contiguous properties — one substantially larger than the other,

gardens, sprawling lawns and patios, and a full-size tennis

but each thrilling in their own right — were purchased in two

court. But the estate’s most outrageous feature, however,

separate transactions by the same buyer, who plans to combine

is unquestionably the scythe-shaped swimming pool. That

the 1.7-acre spread into a single cohesive estate. The acquisition

watery monster visually dwarfs the actual home and stretches a

ranks as California’s biggest residential deal of 2019 thus far.

whopping 250 infinity-edged feet, meaning our prince will likely require his own full-time pool boy (or pool girl, for that matter.)

Records now show the properties were sold to a mysteriouslynamed entity formed by a Pasadena-based tax attorney, an

Unusually, this $45 million house is not located in swanky East

attorney long famed for managing some of the financial affairs of

Gate Bel Air, the perennially priciest part of town, but rather

the Al Saud royal family’s wealthiest members, including the late

on a low-key cul-de-sac much further west. It’s so close to

King Fahd himself.

the 405 freeway, in fact, that the property technically sports a Brentwood zip code. The estate is easily the largest in the

The larger $45 million property, the recipient of all the press glitz and

immediate vicinity and is situated atop a knoll, lording over its

glory, was built by local diamond dealer Rafael Zakaria over a four-

peasant-folk neighbors.

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As for the far smaller $7.2 million structure, it lies directly below the larger contemporary estate. Built by legendary architect Richard Neutra, the 1954 mid-century modern was originally christened the Hammerman House and remains intact, though it has been significantly “updated and expanded,” per the listing. The Neutra home was sold by Kathy Mendoza, the ex-wife of tech-focused businessman Tom Mendoza, and will reportedly be used as accommodations for the prince’s household staff. Branden & Rayni Williams of Hilton & Hyland’s Williams Estates team represented seller of the $45 million mansion, while Drew Fenton of Hilton & Hyland listed the Neutra house.

Variety S T O RY: J A M E S M C C L A I N PU B L I S H E D : M AY 2 9 T H AG E N T S : B R A N D E N & R AY N I W I L L I A M S PR O PE R T Y: 2 8 1 B E N T L E Y C I R B E L- A I R

$45,000,000

A G E N T: D R E W F E N TO N PR O PE R T Y: 2 0 1 B E N T L E Y C I R B E L- A I R

$ 7, 2 0 0 , 0 0 0

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Pacific Palisades House is a Winner with Oscar Recipients

The Newman Residence, built for nine-time Academy

Keaton, 73, won her lead actress Oscar for “Annie Hall”

Award-winning composer Alfred Newman, is for sale in

(1977). She purchased the property in 2007 for $9.1

Pacific Palisades at $13.5 million.

million, according to public records.

Another Oscar winner, actress-producer-director Diane

Newman, who died in 1970 at 69, wrote music for more

Keaton, spent more than two years refurbishing the Lloyd

than 200 movies during his 40-plus-year career. He scored

Wright-designed mid-century modern house before

more than 200 films including “How Green Was My Val-

selling it in 2010 for $10.75 million.

ley,” “Love Is a Many Splendored Thing” and “Airport.”

Angled rooms are designed to integrate with the outdoors.

The listing agents are Drew Fenton and Gary Gold of

Keaton restored the woodwork and built-in furniture,

Hilton & Hyland.

updated the kitchen and reworked the second story to create a loft-like master bedroom suite with walls of glass.

Los Angeles Times

Brick and concrete accent the interiors. There are five bed-

ST ORY: L AU REN B E ALE

rooms and four bathrooms within the 4,386 sq.ft. of living

PU BLISHED: APRIL 1ST

space. The 1.4-acre estate in Rustic Canyon includes a

AGE N T S : D R E W FENTO N , GA RY G O LD

large motor court, mature trees and a swimming pool.

P R O PE R T Y: 1 4 1 4 8 R U S T I C L N

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$13,500,000

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Priscilla Presley Sells Family Home in Brentwood

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Priscilla Presley has sold a ranch-style residence on a little-known, pin-drop quiet cul-de-sac in Los Angeles’ Brentwood area for $3.8 million. The occasional actress and bone fide pop culture icon, not seen on the big or little screen since the late 1990s, but slated to appear in the upcoming Hallmark Channel film “Wedding at Graceland,” not only hauled in a substantial amount over the $3.65 million asking price, she many times multiplied the $170,000 she paid for the place in 1976, about three years after she and Elvis Presley were divorced. Billed in marketing materials as a “major fixer” or tear down and sold in “as-is” condition with “no credits or repairs by seller,” the fairly modest and unquestionably outdated, but well kept, and by no means inexpensive ranch-style residence was built in the late 1940s on just over one-third of an acre with four bedrooms and three bathrooms on not-quite 2,500 square feet. Although the house will likely be radically re-imagined or, even more likely, razed and replaced with a considerably larger spread, the existing living room has minty-green wall-to-wall carpeting and a black marble fireplace, the all-but worn-out kitchen has hardworking, white ceramic tile counters and the family room features a vaulted ceiling with exposed beams. French doors open several rooms to a concrete patio and classic, kidney-shaped swimming pool alongside a deck that hovers just above a short slope of bedraggled lawn surrounded by an untamed thicket of trees and shrubs. Presley did not occupy the property herself, according to the property gossips at the Los Angeles Times, who first reported the listing. It had long been lived in by her mother, Ann Lillian Wagner-Beaulieu. Presley has, instead, long made her home in far more grand circumstances in a plum pocket of Beverly Hills, where since at least the late 1990s she’s presided over a rambling Mediterranean that is completely invisible behind imposing gates and overlooks just over an acre of manicured gardens, a swimming pool and a tennis court.

Variety S T O R Y : M A R K D AV I D P U B L I S H E D : M AY 2 9 T H A G E N T: J O N A H W I L S O N P R O P E R T Y : 6 6 6 W A LT H E R W AY

Presley was represented by Jonah Wilson of Hilton & Hyland.

BRENT WOOD

$3,650,000

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Q2 Market Data.

JUDY FEDER

1647 MANDEVILLE CANYON RD BRENTWOOD | $19,375,000 Judy Feder Represented the Seller

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Beverly Hills Welcome to the Beverly Hills real estate market where the quality of life is unparalleled, multi-million dollar architectural masterpieces are in abundance, and residents include Hollywood stars, entertainment moguls, entrepreneurs, and high-profile investors from around the world. Over the years there has been an upward trend in the average sale price per square foot, and the average day on market has reached 68 days. This reflects that homes in the area are beginning to sell quicker once again and for top dollar. Beverly Hills remains the most famous zip code in the world and a steadfast destination for luxury buyers.

AVERAGE SALES PRICE / SQ.FT.

1,700

1,600

1,400

1,200

1,000

LISTI NGS SOLD

800

94.9%

600

AVG. SA LES PR ICE / AVG. LIST PR ICE

400

200

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SOLD | 525 CHALETTE DR | $9,660,000

DAYS ON MARKET DISTRIBUTION

60%

50%

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

40%

$1,496

30%

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

20%

10%

0 0-30

31-60 61-90 90-120 120+

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Beverly Hills Post Office 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. Coming off a slow first quarter, Q2 showed a major adjustment in the market as the majority of homes sold within 30 days (albeit at a lower average sales price per square foot).

AVERAGE SALES PRICE / SQ.FT.

1300

1155

1010

865

LISTI NGS SOLD

720

575

97.7%

430

285

AVG. SA LES PR ICE / AVG. LIST PR ICE

140

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ACTIVE | 67 BEVERLY PARK | $165,000,000

DAYS ON MARKET DISTRIBUTION

60%

50%

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

40%

$865

30%

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

20%

10%

0 0-30

31-60 61-90 90-120 120+

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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 markets in all of Los Angeles. In Q2 alone, a staggering 110 single family homes sold with the average days on market at a mere 72 days, proving that “The Strip” is hot as ever.

AVERAGE SALES PRICE / SQ.FT.

1300

1155

1010

110

865

LISTI NGS SOLD

720

575

93.5%

430

285

AVG. SA LES PR ICE / AVG. LIST PR ICE

140

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SOLD | SIERRA TOWERS #1702-04-06 | $11,000,000

DAYS ON MARKET DISTRIBUTION

60%

50%

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

40%

$868

30%

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

20%

10%

0 0-30

31-60 61-90 90-120 120+

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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 â&#x20AC;&#x201C; along with Beverly Hills and Holmby Hills â&#x20AC;&#x201C; 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 recovered to $956, while homes spent an average of 83 days on the market, indicating that patient sellers have increasingly been able to find common ground with more discerning buyers to complete sales in the area.

AVERAGE SALES PRICE / SQ.FT.

1,700

1,600

1,400

1,200

1,000

LISTI NGS SOLD

800

91.7%

600

AVG. SA LES PR ICE / AVG. LIST PR ICE

400

200

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SOLD | 201 BENTLEY CIR | $7,200,000

DAYS ON MARKET DISTRIBUTION

60%

50%

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

40%

$956

30%

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

20%

10%

0 0-30

31-60 61-90 90-120 120+

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Century City | Westwood Century City and Westwood are two of Los Angelesâ&#x20AC;&#x2122; busiest districts with high-rise residential towers seamlessly taking vertical living to new heights. From Beverly West to The Century, 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 Angelesâ&#x20AC;&#x2122; 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 museums. Highly coveted single family residences spend little to no time on the market here.

AVERAGE SALES PRICE / SQ.FT.

1300

1155

1010

865

LISTI NGS SOLD

720

575

100.4%

430

285

AVG. SA LES PR ICE / AVG. LIST PR ICE

140

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ACTIVE | 1411 WOODRUFF AVE | $4,495,000

DAYS ON MARKET DISTRIBUTION

60%

50%

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

40%

$985

30%

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

20%

10%

0 0-30

31-60 61-90 90-120 120+

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Brentwood A sanctuary for its residents – who vary from high-profile individuals, affluent families, 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.

AVERAGE SALES PRICE / SQ.FT.

1300

1155

1010

865

LISTI NGS SOLD

720

575

94.3%

430

285

AVG. SA LES PR ICE / AVG. LIST PR ICE

140

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SOLD | 500 N BRISTOL AVE | $5,775,000

DAYS ON MARKET DISTRIBUTION

60%

50%

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

40%

$1,104

30%

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

20%

10%

0 0-30

31-60 61-90 90-120 120+

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Pacific Palisades The ultimate hideaway for extraordinary estates and high-end residences, the Pacific Palisades is one of Los Angeles’ highly coveted neighborhoods and best-kept secrets. With views of the ocean, beach access, and close proximity to Santa Monica, Malibu, Brentwood and Topanga, 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 Angeles’ finest hiking trails, including Will Rogers State Park, Topanga Canyon State Park, and more. With 64% of homes being sold within 30 days, the Palisades remain a seller’s dream.

AVERAGE SALES PRICE / SQ.FT.

1300

1155

1010

865

LISTI NGS SOLD

720

575

96.7%

430

285

AVG. SA LES PR ICE / AVG. LIST PR ICE

140

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SOLD | 1644 CASALE RD | $6,700,000

DAYS ON MARKET DISTRIBUTION

60%

50%

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

40%

$1,150

30%

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

20%

10%

0 0-30

31-60 61-90 90-120 120+

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Santa Monica Between the iconic seaside, the striking Santa Monica Mountains, and the famous Pacific Coast Highway, the small yet famed port town of Santa Monica is a hub for single professionals, established families, and overall beach enthusiasts. Residents enjoy prime location as they neighbor Silicon Beach which houses tech giants like YouTube, Snap, IMAX, Netflix, and more. Los Angelesâ&#x20AC;&#x2122; Westside communities have continued to retain their demand over the years. With nearly 50% of homes being sold within 30 days, and the average sales price per square foot steadily climbing, Santa Monica remains a prime westside market.

AVERAGE SALES PRICE / SQ.FT.

1300

1155

1010

865

LISTI NGS SOLD

720

575

101.3%

430

285

AVG. SA LES PR ICE / AVG. LIST PR ICE

140

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SOLD | 251 24TH ST | $6,550,000

DAYS ON MARKET DISTRIBUTION

60%

50%

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

40%

$1,403

30%

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

20%

10%

0 0-30

31-60 61-90 90-120 120+

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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. Last year, Malibu boasted the highest in the city, a $110 Million architectural masterpiece.

AVERAGE SALES PRICE / SQ.FT.

1,700

1,600

1,400

1,200

1,000

LISTI NGS SOLD

800

91.5%

600

AVG. SA LES PR ICE / AVG. LIST PR ICE

400

200

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SOLD | 23921 MALIBU RD | $3,250,000

DAYS ON MARKET DISTRIBUTION

60%

50%

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

40%

$1,604

30%

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

20%

10%

0 0-30

31-60 61-90 90-120 120+

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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, as do its distinguished museums and pockets of culture,

AVERAGE SALES PRICE / SQ.FT.

1300

1155

1010

865

LISTI NGS SOLD

720

575

98.8%

430

285

AVG. SA LES PR ICE / AVG. LIST PR ICE

140

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SOLD | 615 SEWARD ST | $3,175,000

DAYS ON MARKET DISTRIBUTION

60%

50%

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

40%

$772

30%

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

20%

10%

0 0-30

31-60 61-90 90-120 120+

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West Hollywood Between the thriving art scene, iconic hotels, famous comedy clubs, fashionable boutiques, and innovative cuisine, West Hollywood, has endless amenities and lifestyle experiences to offer its residents. WeHo, as its locally known, is famous for its eccentric fashion retailers along Melrose Ave, and its unparalleled nightlife along Santa Monica Blvd. Continually acknowledged as progressive, diverse, and embracing the influential, West Hollywood is seeing an abundance of contemporary new developments, urban living, and beautiful architectural homes.

AVERAGE SALES PRICE / SQ.FT.

1300

1155

1010

865

LISTI NGS SOLD

720

575

98.5%

430

285

AVG. SA LES PR ICE / AVG. LIST PR ICE

140

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SOLD | 535 N LAUREL AVE | $2,075,000

DAYS ON MARKET DISTRIBUTION

60%

50%

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

40%

$1,031

30%

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

20%

10%

0 0-30

31-60 61-90 90-120 120+

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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 districts 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 creative professionals and Hollywood entertainers alike.

AVERAGE SALES PRICE / SQ.FT.

1300

1155

1010

865

LISTI NGS SOLD

720

575

99.3%

430

285

AVG. SA LES PR ICE / AVG. LIST PR ICE

140

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SOLD | 2021 CUMMINGS DR | $3,420,000

DAYS ON MARKET DISTRIBUTION

60%

50%

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

40%

$905

30%

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

20%

10%

0 0-30

31-60 61-90 90-120 120+

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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 a steady increase in average sales price per square foot over the last three years, this vibrant community has quickly become a hotbed of luxury real estate. The buying frenzy returned to Sherman Oaks in Q2, as the average days on market dropped to 43 days resulting in 176 homes sold at 99.1% of their asking price on average.

AVERAGE SALES PRICE / SQ.FT.

1300

1155

1010

176

865

LISTI NGS SOLD

720

575

99.1%

430

285

AVG. SA LES PR ICE / AVG. LIST PR ICE

140

p.82

ACTIVE | 13280 VALLEY VISTA BLVD | $4,550,000

DAYS ON MARKET DISTRIBUTION

60%

50%

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

40%

$604

30%

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

20%

10%

0 0-30

31-60 61-90 90-120 120+

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BRANDEN & RAYNI WILLIAMS

10701 BELLAGIO RD BEL-AIR | $48,000,000

ULTRA-LUX |

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

AVG. SALES $/ SQ FT

1400

$5-10o

1200 1000 800 600

3 Y EA RS (QUA RTER LY) Q2 2016-2019

400

SOLD -2.3%

200 0

2000 1800 1600

$10-20o

AVG. SALES $/ SQ FT

1400 1200 1000 800

3 Y EA RS (QUA RTER LY) Q2 2016-2019

600

SOLD +0.5%

400 200 0

2600

AVG. SALES $/ SQ FT

2275

1300

$20o+

975

3 Y EA RS (QUA RTER LY) Q2 2016-2019

1950 1625

650

SOLD +17.3%

325 0

p.85

ACTIVE | 15837 ROYAL OAK RD, ENCINO | $4,975,000

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ACTIVE | 908 BEL-AIR RD, BEL-AIR | $1,500,000/MO

ACTIVE | 1155 ANGELO DR, BEVERLY HILLS | $46,500,000

Contemporary Artists in Modern Spaces S TO R Y B Y N A D I A WAT S O N

In recent years, brokers, architects, developers, and designers are increasingly gravitating towards maintaining a powerful, symbiotic relationship between art and real estate. Art helps sell real estate and real estate helps sell art. Whether designer-done or personal collections, art appeals to potential buyers beyond the interest of a connoisseur. Today’s buyers want to invest in homes that have been masterfully executed, and an impeccable attention to artistic detail is one of the first elements to catch their eye. Luxury art stagers such as Creative Art Partners, add value to spec home developments with personally selected pieces of blue-chip art that accentuate each room’s colors and textures. From 1155 Angelo Drive, developed by Max Fowles, and 908 Bel-Air Road, developed by Dr. Raj Kanodia, CAP’s projects of meticulous design, execution, and finish result in world-class estates with unparalleled elegance and sophisticated interiors. Well-curated collections help add character as well as increased value to either small starter homes, or massive new constructions. Los Angeles’ tech hub, Playa Vista, for example, recently joined London, Qatar, Hong Kong and Changsa with the installation of a giant BFF Companion sculpture by Brooklyn artist KAWS. The piece is a major feather in the cap for the young, fast-growing neighborhood dubbed “Silicon Beach,” with its modern, luxury residences such as Jewel Playa Vista.

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Rick and Kathy Hilton Pledge Support in 26th Annual Race to Erase MS Gala S TO R Y B Y N A D I A WAT S O N

Raising over $1.8 million, The 26th Annual Race

“It is our honor and joy to be a part of an evening about

to Erase MS Gala honored Selma Blair for her

improving the future of so many bravely facing this

courage and the Hausman Family Foundation for

autoimmune disease,” Mr. Hilton proudly stated.

its generous support. Also up for bidding were boxing gloves autographed Multiple sclerosis is an autoimmune disease that

by Mike Tyson; five star hotel rooms on exotic Third

affects the central nervous system and causes

World beaches and even yoga classes.

issues with muscle control, vision, and balance. Drawing 970 of Hollywood’s elite ranging from

The Race is the creation of Nancy Davis, who said

Tommy Hilfiger, Johnny Galacki, La Toya Jackson,

noted that the most gratifying part of it all is the

Sarah Michelle Gellar, Kris Jenner, Rumer Willis,

progress that has since been made on the research

Constance Zimmer, and Avril Lavigne, the gala

of the central nervous system disease. “What’s so

held at the Beverly Hilton Hotel included a fashion

cool is last year there were 15 drugs that help stop

show by Alice and Olivia by Stacey Bendet,

the progression of MS,” said Davis. “Now there are

performances by Aloe Blacc and Flo Rida, and a

17. It can take 10 years to get these drugs approved.

massive silent auction.

That’s how much research is going on.”

Hilton & Hyland’s Chairman and Co-Founder, Rick

The proceeds from the gala will go towards research

Hilton, and wife Kathy Hilton, were not only in

into the cause, treatment, and cure for multiple sclerosis.

attendance, but a golf session at the Bel-Air Country Club with Mr. Hilton went for $3,225.

To contribute to the Race to Erase MS, visit erasems.org

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Rick Hilton

Chairman

Jeff Hyland

President

Billy Jack Carter

Executive Vice President

Rosemary Pearson

Office Administrator

Marilea Peacock

Company Controller

David Delgado

IT Director

Sherilyn Segura

Excecutive Assistant

Ashley Getchman

Executive Assistant

Ed Leyson

Marketing Director

Andrew Ledwedge

Creative Director

Nadia Watson

PR + Social Media

Glorioso T. Fajardo

Design + Marketing

Richard Carrillo

Design + Marketing

Judith Parker

Design + Marketing

Joel Delgado

Design + Marketing

Sam Loyola

Secured Escrow - Escrow Officer

Billie Goins

Secured Escrow - Escrow Officer

2 5 7 N C A Ă&#x2018; O N D R , B E V E R LY H I L L S C A 9 0 2 1 0 H I LT O N H Y L A N D . C O M

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Our Agents Adeena Karsseboom-Fitterman

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2 5 7 N C A Ă&#x2018; O N D R , B E V E R LY H I L L S C A 9 0 2 1 0

ÂŠ2019 Hilton & Hyland Real Estate, Inc. Market statistics based on sales recorded in the Multiple Listing Service from January 1st, 2019 to June 30th, 2019. The accuracy of all information, regardless of source, including but not limited to square footage and lot sizes, is deemed reliable but is not guaranteed and should be independently verified. All prices reflect actual sold price per the Multiple Listing Service, unless the property was sold off-market, in which case the list price is represented. An Equal Opportunity Company. DRE 01160681