Propositions 60 and 90 were constitutional initiatives passed by California voters in the 1980’s to provide property tax relief by preventing reassessment of property value when a senior citizen sells his/her existing residence and purchases or constructs a replacement residence worth the same or less than the one being sold.
ON THE COVER Hilltop Haven: Country zen & city sophistication collide in a Santiago Arana’s lower Mandeville Canyon home with state-of-the-art amenities matched only by its stunning views and unparalleled privacy presented by Santiago Arana of The Agency.
Fallingwater reestablished Frank Lloyd Wright’s place in architecture, exactly as he hoped. He appeared on the cover of TIME Magazine with the house behind him and, at age 67, embarked on the most prolific period of his career, completing the Johnson Wax Building, the Guggenheim and many more buildings. Mostly, though, Fallingwater exemplified what Wright spent his entire career trying to create: a distinctly American architecture.
Before taking the plunge into architecture in 2006, Rafael de Cárdenas started his career as a menswear designer at Calvin Klein, then became a creative director at the special effects production house Imaginary Forces—two experiences that forged his aesthetic.
There have been substantial investments made in development projects over the past few years that have solidly propelled the city into a new era that some businessmen and even professional writers are classifying as “trendy” and “cool.”
According to Mansion Global, Mauricio Umansky, CEO and founder of the Los Angeles-based brokerage The Agency, listed his Bel Air home for sale Wednesday, with an asking price of $6.99 million. The home is also available to rent, with a monthly ask of $50,000.
According to RisMedia, members of the real estate industry are responding to the passage of the Senate tax plan, which chiefly includes a 20 percent corporate tax rate—down from 35 percent—and reduced rates for families and individuals over the next seven years. The development follows the House passage of its own plan in November.
ON THE COVER Beach City Chic: This sophisticated home on the Grand Canal just a stone’s throw away from the beach, offers the joys of the waterside living on the Westside presented by Nora and Peter Wendel of Coldwell Banker Residential Brokerage.
A novel new membership-based service that aims to provide a secure, searchable online platform for licensed real estate agents to consolidate, share and explore pocket listings nationwide has emerged with The Pocket Listing Service (ThePLS.com).
