The Real Estate Unlist: People, places and things I’m thankful for

 

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An inspired ode to the industry by Brad Inman September 6th, 2017.

A new grandchild and the tragic events unfolding in Houston have me feeling overwhelmed with emotion and gratitude.

Meanwhile I have been re-reading novels by Eve Babitz, one of my favorite writers who in the 1960s and ’70s wrote about the cultural milieu of Los Angeles and touched on the topics of social unrest, wildfires and earthquakes. An entertaining and poetic acknowledgments section precedes her classic 1974 novel Eve’s Hollywood.

Babitz’s lyrical structure and this collision of thoughts and events inspired me to write about a few of my favorite things (and characters) gracing our wacky industry.

Let’s call this my 2017 Acknowledgements Unlist.

To Mary & Peter homebuyer

But also to the bank that made them a loan and to the escrow company that recorded their sale

And to the agent and the search portal that helped them find a house

And to Richard Smith and the American flag pin on his lapel

And to the single-family house

And to Glenn Kelman and Robert Reffkin for spilling a tray of Big Gulp sodas all over the industry

And to role models Marsha RandEbby Halliday and Helen Hanna Caseywhen the ceiling was fierce

And to the mighty — Bill FoleyAdi TatarkoPat StoneHoward LorberRich BartonWarren BuffettLloyd Frink and Rupert Murdoch

And to the Toto toilet

And to Opendoor’s Eric Wu for the wit to use a sledgehammer

And to a life-in-full Dave Liniger with his pony-sized dog Max and ankle pistol

And to central air conditioning and to Wi-Fi

And to be Sherry Chris

And to FEMA and to flood insurance

And to the reassuring voices of Duane LeGate and Jim Walberg

And to industry writers Teresa Boardman and Sam DeBord

And to real estate’s Oprah Katie Lance

And to the front porch and the gas range

And to Hale Bob and vice versa

And to tussling with NAR

And to America’s first housing leaders Franklin and Eleanor Roosevelt

And to Gary Keller and the entire state of Texas

And to raucous debates about the fate of the MLS, the plight of brokers, instant offers, commission compression, FSBOs and disintermediation

And to the 30-year mortgage

And to great expectations for Elizabeth Mendenhall

And to the condominium

And to the zillions of pillows that became Zillow

And to the final episode of Bravo’s Million Dollar Listing

And to grinning at Andrew Flachner

And to the townhouse and the wading pool

And to the startup boosters Constance FreedmanBrendan WallaceAaron Block and Mark Birschbach

And to prophet Hank Miller, whose jeremiad against the industry put a fire under our readers

And to a 1000watt when you need it

And to bunkbeds

And to warrior priest Jay Thompson, the man with a strong heart despite sword blows to the chest

And to everyone named Victor & Sparkles

And to housing activists everywhere

And to the moment Mark McLaughlin put the Cobra GT500 into drive

And to the 4th and 5th Amendments to the U.S. Constitution

And to the inheritors Ben KinneyKymber Lovett-MenkitiSue AdlerThad WongEddie BerenbaumVanessa BergmarkShaun OsherChris LimMauricio UmanskyMark SpainMark ChoeyKendyl Young, Peter LorimerLaurie Weston Davis, Tiffany KjellanderPam LiebmanRaj Qsar, and Matt Beall

And to all of the disrupters, the new business models, the tinkerers and the entrepreneurs

And to the Pinecrest Diner, the Big Four, the Lambs Club, the French Roast, the KGB Bar, the Redwoods, the Box and the Beverly Hills Hotel

And to the reformers Team DivaRob HahnDebra TrappenTommy SowersSunny LakeBill WendellSara SutachanAnne JonesBrian CopelandMarguerite GiguereRyan BokrosCaroline Pinal and Carl Carter

And to Section 8 housing and the mortgage interest deduction

And to missing Peter Flint

And to tiny homes

And to the definition of loyalty Laura Monroe

And to notorious wing (wo)men Nyda Jones-Church (to Steve Games), Greg Schwartz (to Spencer Rascoff), Lisa Fettner (to Scott Olsen), Joan Dailey (to Avi Gupta) and Paul Boomsma (to Pam O’Connor)

And to those whose first name is enough — BillySethSamiVijaYaz, BlairErrol, Peter and Celeste

And to the turnaround crackerjack Amy Bohutinsky who should be running Uber

And to those who didn’t turn a big fortune into a small one Lennox ScottStephen BairdHoby Hanna and Obi Jacobi

And to the 1950s

And to the unsung: Stephanie AntonDeidre WoollardCary SylvesterMike RyanRyan GormanLeslie Appleton-YoungKatelyn CastellanoAmy GorceDiane RamirezSusan Yannaccone and Art Carter

And to housing the homeless

And to the everyday Realtor who saved lives in Harvey’s wake

And to Oakland, WEHO, Sausalito, UES, WPB, Palm Springs, 9th St., Carlinville and all of Illinois and most of Australia

And to Steve MurrayJeff LobbKen Jenny and a few other consultants

And to the garden apartment

And to Dottie and Dolly, if I have another daughter it will be a tough choice

And to the flacks we hate to hate Amanda WoolleyAudie Chamberlain, Kevin Hawkins and Sara Wiskerchen

And to Ryan O’Hara who keeps smiling through it all

And to Nest thermostats and Google Home

And to battle-scarred disruptor Joshua Hunt, who does not go down easily

And to your inner Ferry-self and to Tim & Julie’s clever rants

And to running water, light switches, warm floors and Mr. Coffee

And to Alex Lange for swimming with the salmon

And to the kidney-shaped swimming pool with a diving board

And to industry muckraker Greg Robertson

And to Joe SchuttNicole BeauchampSarita Lahoti Dua, Bob Watson, and Sean Carpenter for being everywhere for all of us

And to immigrants and their families

And to the software musketeers Jed CarlsonGrier AllenMorgan Carey and Matt Barba

And to the loud and the proud Leigh Brown

And to the steady hands Ron Peltier, Chris Heller, Joel Singer, Marilyn Wilson,David Charron, Suzanne Mueller, Rick Sharga, Billy Jack Carter, Charlie Young and John Aaroe

And to the Weber Grill and Bar Keepers Friend Cleanser & Polish

And to the thinkers Bill LublinJeff TurnerBernice RossLeslie Ebersole and J. Philip Faranda

And to sidewalks, bike lanes and street lights

And to trusting Lela Richardson and Joe Rand

And to missing Alex Perriello already

And to an industry that always puts up a good fight and feeds on community generosity when its neighbors are most in need

And to you Nate Ellis, who I know would approve

And to my last list…maybe.

 

Link to original article.

Playboy Mansion Sale Is Next Step in Business Transformation: Exclusive Photos

Asking $200 million, Playboy Enterprises plans to reinvest the proceeds of the sale; a buyer would have to remodel the ‘dated’ interiors and let tenant Hugh Hefner remain.

The Playboy Mansion—the sprawling Los Angeles house that over four decades came to embody Hollywood’s sybaritic party culture—is going on the market for $200 million.

Longtime resident Hugh Hefner has no plans to leave: Seller Playboy Enterprises is stipulating Mr. Hefner, 89, be allowed to remain at the home for the rest of his life.

Founded by Mr. Hefner in 1953, Playboy helped usher in the sexual revolution, but more recently has shed staff and reorganized its business. Scott Flanders, Playboy Enterprises’ chief executive, said in a statement that the sale of the mansion “enables us to continue to reinvest in the transformation of our business.” “The Playboy Mansion has been a creative center for Hef as his residence and workplace for the past 40 years, as it will continue to be if the property is sold,” he added.

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On roughly 5 acres, the property is one of the largest in Holmby Hills and borders the Los Angeles Country Club. According to listing agentsMauricio Umansky of the Agency and Gary Gold andDrew Fenton of Hilton & Hyland, the mansion is roughly 20,000 square feet. The property includes an elaborate swimming pool and grotto, zoo and game house.

The estate is in need of renovation. “The house will require remodeling, for sure,” Mr. Umansky said, though he added that the value of the land alone is close to $100 million. The home’s interiors are “dated and will need to be remodeled and redesigned,” he said. Moreover, a buyer may want to increase the size of the house.

Acquired by Playboy Enterprises in 1971 for $1.05 million, the mansion is the longtime home of Mr. Hefner, who rents the mansion from the company for a “small, nominal amount each year,” according to a Playboy spokesperson. While Mr. Hefner’s remaining at the property is “nonnegotiable,” Mr. Umansky said, the exact terms of the arrangement will be determined during purchase negotiations.

The Mansion has six bedrooms, six full baths and two half baths, the agents said. The first floor has a great hall with 22-foot-high ceilings and custom hand-carved oak panels. Two staircases lead up to the second floor, where the master suite and other bedrooms are located, along with four offices. The living room is also used as a movie screening room, where there is a pipe organ that has been restored over the past decade. An office, with hand-carved wooden walls, has a secret door to the wine cellar. The party-ready kitchen has a butler pantry and a walk-in refrigerator and freezer.

Outside sit the heated swimming pool and a grotto, which were built in the 1970s after Mr. Hefner purchased the mansion. The cavelike grotto contains four separate hot tubs. The pool area also includes a koi pond, and an outdoor bar and kitchen. A stone bathhouse has four changing rooms, a sauna, gym and a tanning area.

The property also has a zoo with exotic birds and monkeys, and is one of only a few, if not the only, home in Los Angeles to have a zoo license, Mr. Umansky said. He added that the zoo license would transfer to the new owner along with the property.

The separate game house has poker and pool tables, pinball machines, a piano and an old-fashioned Wurlitzer jukebox with jazz recordings. The property also contains a four-bedroom guesthouse with two bathrooms, a sitting room and a solarium.