Good Morning,
DID YOU KNOW?
The Walton family now collectively is worth close to $200 billion....their wealth has grown by $70,000 per minute, $4 million per hour, $100 million per day since last year’s Bloomberg ranking of the world’s richest families. Worldwide, the 25 richest families now control almost $1.4 trillion in wealth, up 24% from last year.
(Bloomberg)
DID YOU NOW?
Once listed for $1 billion, a 157-acre parcel of land in Beverly Hills known as the Mountain has sold to an entity of the Mark Hughes Trust (its lender) at a foreclosure auction for just $100,000.....a paltry sum, yet an amount that accounts for the $200 million debt that comes along with the property. No, 157 acres does not cost $100,000 in Beverly Hills!
(WSJ)
DID YOU KNOW?
Several central banks around the world have implemented stimulative policies to the point where around $15 trillion of global debt trades with a negative rate. The unintended consequences of central bank printing are that it makes the rich even richer, it makes the middle-class stay where they are and it makes the poor stay poor.
(CNBC)
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Last Call. Only 7 Days Left.
Make the Most of the last weekend in August with one of the most unique productions in the world, the Pageant of the Masters re-creates famous works of art. The Festival of Arts is California’s longest-running outdoor fine art exhibition, celebrating 87 years. Its jury process and open-air gallery setting allow this festival to please all types of connoisseurs. Performances nightly at 8:30pm. Named one of the top art festivals in the nation, the Festival Art Show features the work of 140 Orange County artists. Open weekdays at 12noon, weekends at 10am.
More info...
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Refreshing the CA Coast Since 1931
Steve and Lauren have been visiting
The Orange Inn in Laguna Beach
after workouts early in the AM. They finally dragged me into the restaurant and WOW what a fresh and amazing experience. I highly recommend this local spot that has been in Laguna since 1931… YES 1931... WOW! Try their Veggie Omelette, it was absolutely terrific!
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The Best Spots for Recreation
No matter your mood, there’s a beach just for you within the 7 miles of coastline. As the only marine reserve in Southern California, Laguna Beach is renown for its pristine waters, abundant sea life and of course, perfect beaches. Laguna Beach is also one of the only SoCal destinations where you can stay at a hotel right on the beach…and in fact, Laguna boasts more beachfront lodging than any other city in the state.
Read more...
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Please join me at the Tahirih Justice Center Gala
Saturday, September 28th
at the Resort at Pelican Hill.
Tahirih Justice Center stands alone as the only national, multi-city organization providing a broad range of direct legal and social services, policy advocacy, and training and education to protect women and girls fleeing violence.
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What if you could sell your home faster, at a higher price, without spending upfront on home improvements?
Exclusive to Compass clients
, our Concierge service lets you easily increase your property's market value by fronting the cost of home improvement services like staging, painting and more.
No hidden fees, no interest charged — ever.
Details...
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Featured Properties for Sale
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FOR SALE
95 Emerald Bay $8,800,000
1507 Emerald Bay $5,250,000
43 Emerald Bay $4,500,000
216 Emerald Bay $4,050,000
Looking for something off market?
Call me. I have quite a few pocket listings!!!!!!
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FOR LEASE
52 Emerald Bay
77 Emerald Bay
319 Emerald Bay
322 Emerald Bay
1221 Emerald Bay
1402 Emerald Bay
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