Popular on TelAve
- Wireless Innovation Forum Publishes Software Communications Architecture 2.2.2 Test Procedures
- Axiros Selected by Connect Fibre UK to Manage Their FTTH Router Estate
- Mission Critical IoT Announces Full Suite of Service and Support Offerings for IoT Solutions
- BNi Building News Announces Updated Cost Escalators to Address Inflation
- OrPro Therapeutics Receives $2.147M Therapeutic Development Funding from US Department of Defense for COVID-19 and Influenza
- Teraquant Just Published the Ultimate "No Fluff" Guide to Media in SIP Session Description Protocol (SDP)
- UNice Hair Celebrates Brand Day With More Exclusive Hair Deals
- Launch of SONiC distribution by Netberg
- Christian Rapper Zeezeewatch Thumpin Hit #1 On BDSradio Chart With Album "Polarized"
- FootyStats artık Türkiye'de Türkçe olarak mevcut
Similar on TelAve
- Agent Timothy Braue Awarded Prestigious "Premier Luxury Marketing Consultant" Certification
- Hoy to Keep Your Life Productive by Ismail Sirdah
- DFW & Surrounding Real Estate Agent Promotes Luxury Homes To MORE Buyers For MORE Money
- Diamond Bridal Gallery Celebrates Its 16th Anniversary
- Jay Menger Awarded Prestigious "Premier Luxury Marketing Consultant" Certification
- Palos Verdes Real Estate Agent Promotes Luxury Homes To MORE Buyers For MORE Money
- Regent Surgical Health and Ascension Texas Joint Venture on The Orthopedic Surgery Center of Central Texas
- Arizona Pest Control To Support Local High School Sports And Education Programs
- Positive Powerful Women Gather to Promote Unity in the Grand Canyon State
- Unprecedented Stress Levels Reveal Productivity Loss in the Billions; ASCEND Method Enters the Market
Largest Residential Portfolio in Downtown LA History Closes Out
TelAve News/10747598
Yvonne Arias, owner and broker of The Property Lab, closes the 53rd and final property from significant offshore investor
LOS ANGELES - TelAve -- The biggest residential purchase in Downtown LA's history, that largely helped launch AEG's original Ritz-Carlton Residence sales in 2012, has now completely sold out. After being held for 10 years by overseas investor group West Coast, the portfolio was managed by real estate broker Yvonne Arias-Neustadter of The Property Lab, closing out earlier this month.
Just recently, Yvonne sold the last remaining condominium in this large scale 53 unit portfolio that saved these high end residences just after the mortgage crisis. Originally purchased by overseas group SEB West Coast, now West Coast LLC, these condos were mainly rentals and only until recent years were offered for sale. The combined sales for this massive portfolio was approximately $100 million.
"When I started working on The Ritz-Carlton Residences at LA Live project, I was a newer agent working with Westside Estate Agency in Beverly Hills. My broker at the time, whom I admire and am grateful for to this day, Stephen Shapiro, asked at an office meeting who would like to lease a condo in DTLA. No one raised their hand except me. That was the best business move I have ever made," said Yvonne.
More on TelAve News
The Ritz-Carlton Residences at LA Live is the only five star building in Downtown LA and has become very popular. According to Yvonne, it has been her most requested building for years, second to The W Hollywood Residences. She says people like it because it has a big brand behind it and is a much better value than what other similar products are asking for in West Hollywood, Century City and Beverly Hills.
When Yvonne began working on this project in 2012, she worked with a handful of other big brokerage firms to share work on the portfolio. In 2014, after she started her own brokerage The Property Lab, she single handedly secured exclusivity on the portfolio to helm leasing and property management. Years later she began to sell off the condos and in June of 2022, she ended her term with West Coast as she sold the last remaining condominium.
"The Ritz-Carlton Residences in Los Angeles is a very special project and it's very apparent with the strong demand for it. Even being in a less glitzy part of LA, The Ritz-Carlton Residences are a strong force in the 5-star luxury condo arena and people see its incredible value. It was a hard sell those first few years, but it caught on quickly," said Yvonne.
More on TelAve News
Even after the completion of West Coast's portfolio earlier this month, Yvonne continues her work at The Ritz as she has been a leader in sales and leasing there year after year.
Visit http://www.ThePropertyLabRE.com for more information
Visit http://www.ThePropertyLabOC.com for more information
Just recently, Yvonne sold the last remaining condominium in this large scale 53 unit portfolio that saved these high end residences just after the mortgage crisis. Originally purchased by overseas group SEB West Coast, now West Coast LLC, these condos were mainly rentals and only until recent years were offered for sale. The combined sales for this massive portfolio was approximately $100 million.
"When I started working on The Ritz-Carlton Residences at LA Live project, I was a newer agent working with Westside Estate Agency in Beverly Hills. My broker at the time, whom I admire and am grateful for to this day, Stephen Shapiro, asked at an office meeting who would like to lease a condo in DTLA. No one raised their hand except me. That was the best business move I have ever made," said Yvonne.
More on TelAve News
- How to Choose the Best Bamboo Cheese Board for Your Kitchen
- Sports Stars Tim Brown and Everson Walls, Omni Frisco Hotel, and Ethos Education Group Partner for Student Success
- DFW & Surrounding Real Estate Agent Promotes Luxury Homes To MORE Buyers For MORE Money
- Diamond Bridal Gallery Celebrates Its 16th Anniversary
- Jay Menger Awarded Prestigious "Premier Luxury Marketing Consultant" Certification
The Ritz-Carlton Residences at LA Live is the only five star building in Downtown LA and has become very popular. According to Yvonne, it has been her most requested building for years, second to The W Hollywood Residences. She says people like it because it has a big brand behind it and is a much better value than what other similar products are asking for in West Hollywood, Century City and Beverly Hills.
When Yvonne began working on this project in 2012, she worked with a handful of other big brokerage firms to share work on the portfolio. In 2014, after she started her own brokerage The Property Lab, she single handedly secured exclusivity on the portfolio to helm leasing and property management. Years later she began to sell off the condos and in June of 2022, she ended her term with West Coast as she sold the last remaining condominium.
"The Ritz-Carlton Residences in Los Angeles is a very special project and it's very apparent with the strong demand for it. Even being in a less glitzy part of LA, The Ritz-Carlton Residences are a strong force in the 5-star luxury condo arena and people see its incredible value. It was a hard sell those first few years, but it caught on quickly," said Yvonne.
More on TelAve News
- Palos Verdes Real Estate Agent Promotes Luxury Homes To MORE Buyers For MORE Money
- Regent Surgical Health and Ascension Texas Joint Venture on The Orthopedic Surgery Center of Central Texas
- Arizona Pest Control To Support Local High School Sports And Education Programs
- Grammy Award Winning Singer, Songwriter and Producer David Longoria Joins the List of Artists at VANC Fest 2022
- Positive Powerful Women Gather to Promote Unity in the Grand Canyon State
Even after the completion of West Coast's portfolio earlier this month, Yvonne continues her work at The Ritz as she has been a leader in sales and leasing there year after year.
Visit http://www.ThePropertyLabRE.com for more information
Visit http://www.ThePropertyLabOC.com for more information
Source: The Property Lab
0 Comments
Latest on TelAve News
- 10 Years in the Making: #LatinaGeeks Celebrates 10th Anniversary with Inaugural Inspirada Awards & Fundraising Gala
- 3i Solutions Announces New Leadership Brings a Customer-Focused Approach
- City Phones Is Now an Apple Certified Independent Repair Provider
- Wireless Innovation Forum Publishes Software Communications Architecture 2.2.2 Test Procedures
- Help Wanted: Oakland-Based Children Rising Seeks Volunteers to Help Students Overcome COVID-Related Learning Loss
- E3 Forensic Platform Innovates again with Remote Cloud Collection
- Zonit Launches the World's Best Automatic Transfer Switch for Industrial & Commercial Applications
- Bridget Rose Productions is producing the short documentary - "FORCE" RECON
- Sea Island Writers Retreat and chromatic black™ Host Three Virtual Writing Workshops
- US Dollar Provides Exceptional Value For Sightseeing Trips To Italy, Havana, Cuba, Delhi, Agra and Jaipur and Barcelona, Spain
- Beyond Visionary Has Partnered With Heal America To Host INFORM Dallas
- What You Need to Know on "Opening an IV Therapy Clinic" Podcast Interview to Grow, Start or Expand IV Hydration Therapy Business
- Century 21's The Gene Group Joins PalMar Studios as a Primary Partner on "Triangle Park," a Documentary on the NFL's First-Ever Game
- Best Smartphone Plans & Mobile Phone Deals of 2022
- LinksRez acquires W5 Golf assets
- Prince Oak Oakleyski has finished directing and already released his new film, the final episode of "Prince Oakleyski Is Enough". A non-profit movie
- 3C Group to Distribute Certified Nutraceuticals' Functional Ingredients for Dietary Supplements in Thailand
- Calling All Witches: WitchFest 2022 Announced in Denver Colorado
- New music from Sho Richardsin, 'The Win'
- Sharifah Hardie Launches Campaign to Raise $1.5B for Local Black Businesses