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Pendry Luxury Residences Appoints Exec Director of Sales

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WEST HOLLYWOOD — Pendry Residences West Hollywood by Montage Hotels & Resorts, a limited collection of luxury residences on the iconic Sunset Strip, has announced the appointment of Los Angeles real estate professional, Paul Stukin, as Executive Director of Residential Sales.

With over 15 years of real estate sales experience in the Los Angeles market, Stukin is poised to oversee the residential sales program for the forthcoming development, opening in Summer 2020.

Stukin joins the Pendry Residences West Hollywood team from Beverly Hills-based real estate brokerage firm, Hilton & Hyland, where he was a producer in selling luxury single-family residences and second homes, bringing inover $400 million in sales.

In his new role, Stukin will be responsible for executing strategic sales initiatives for the project and tasked with introducing Pendry Residences West Hollywood to top local brokers.

“We are delighted to have Paul on board to lead the Pendry residential sales team given his extensive background in both project development and selling real estate locally in Los Angeles,” said Tina Necrason, senior vice president, residential at Montage International.

“His highly personalized service, unwavering dedication to each client’s needs, as well as his strong ties to the local community make him a natural fit to lead the residential sales team at Pendry Residences West Hollywood.”

“As an L.A. native, I’ve had the pleasure of witnessing the evolution of the Sunset Strip over the years and I look forward to being a part of this storied destination’s next chapter,” says Stukin. “Pendry Residences West Hollywood is positioned to deliver a new level of fully-serviced living in modern Los Angeles, and I am excited to work alongside friends and former colleagues in the real estate broker community to share the vision for this truly one-of-a-kind project.”

As the flagship residential project for the Pendry brand, Pendry Residences West Hollywood will offer luxury experience and world class service by Montage Hotels & Resorts. Residences will feature expansive floorplans and terraces and offer owners exclusive residential amenities such as a private rooftop pool, fitness center, lounge and wine tasting room, and dedicated staff delivering personalized service.

For more information about Pendry Residences West Hollywood by Montage Hotels & Resorts, please visit pendryresidencesweho.com.

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Business

Anawalt to Fill Hardware Store Void in Pacific Palisades

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Anawalt Lumber Moving Into Norris Space


Anawalt Lumber will be taking over a portion of the space formerly occupied by Norris Hardware, President/CEO Rolando Robles confirmed to the Palisadian-Post on Monday, February 17.

The 12,400-square-foot building has sat vacant since Norris’ closure after serving Pacific Palisades for nearly 40 years.

“Nineteen months they’re without a [hardware] store, I know how hard that is,” Robles said about what inspired Anawalt to sign onto a Palisades store, adding that he is looking forward to serving the community.

Since Norris closed, rumors have swirled about what will occupy the space—with everything from a Pilates studio to an Apple store suggested.Anawalt, a family-owned and operated company […]

Continue reading at www.palipost.com

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Business

The Most Expensive Home in LA Cost Jeff Bezos Only 0.13% of Net Worth

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LOS ANGELES (Los Angeles Times) — Amazon CEO Jeff Bezos walks onstage for the launch of the Fire Phone in Seattle. It can be hard to grasp the wealth of Jeff Bezos, the planet’s richest man.

Thankfully his decision to spend $165 million on a Beverly Hills mansion last week — a California record — offers some clarity.

For starters, there’s this easy calculation. Amazon’s stock, the source of Bezos’ fortune, bounces around daily, but as of the close of markets last week, Bloomberg’s Billionaires Index calculated his net worth at $130 billion despite a $833 million stock market hit Friday.

That means the nine figure sum he’s shelling out for the former estate of movie mogul Jack Warner amounts to only 0.13% of his net worth, rounded up ever so slightly. Not too many Angelenos could […]

Continue reading at latimes.com

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Business

Faring Seeking $375M in Construction Financing for WeHo Mixed-Use Project

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Faring Seeking $375M in Construction Financing for WeHo Mixed-Use Project

WEST HOLLYWOOD (Commercial Observer) — Faring is seeking $375.2 million in construction financing for Robertson Lane , its mega mixed-use development in West Hollywood, Commercial Observer has learned.

The five-year, floating-rate lending opportunity is being marketed by Cushman & Wakefield ’s Rob Rubano , Brian Share , Ernesto Sanchez , Joseph Lieske , Becca Tse and Keith Paden , according to an offering memorandum shared with CO. Officials at C&W declined to comment.

Sources said the deal hit the market on Tuesday.

When completed, the 1.92-acre project— located at 652 North La Peer Drive , at the edge of Beverly Hills—will include a 5-star, 182-room hotel, a private members’ club with 19 guest rooms and high-end retail, restaurant, office and banquet space. The development will also feature a three-level subterranean […]

Continue reading at commercialobserver.com

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