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David Kramer Honored as one of LA’s Best

At Jun 12, 2013

Winners and finalists in The Courier’s “Readers Choice Awards for Best Real Estate Agent in Beverly Hills 2009” were honored Monday at a private reception at the Montage Residences Beverly Hills. All 16 top real estate agents attended.

The Courier Publisher Cliff Smith and Associate Publisher Marcia Hobbs presented award certificates to the winner, Michael Libow of Coldwell Banker, Top Five Winners Cathy Ferraro of Ferraro & Associates, Brooke Knapp and Drew Mandile of Sotheby’s International, and Jerry Jolton, also of Coldwell Banker.

Finalists presented with their awards were David Kramer of Hilton & Hyland, Elaine Dannenberg of Prudential Realty, Myra Nourmand, Michael Nourmand, Rochelle Maize and Judy Feder of Nourmand & Associates, Alison Mitchell of Keller Williams, and Bernice Gershon, Janine Gershon Friedberg, Tania Ferris and Martin Geimer of Coldwell Banker Beverly Hills South.

The winners were nominated by their Beverly Hills clients in 100-200 word essays submitted to The Courier by its readers.

Nominations could only be made by current or former Beverly Hills residents who had bought or sold real estate through the nominee. Nearly 100 essays were submitted naming more than 60 agents.

Judging criteria included, besides professionalism in representation, contributions to the community. The essays, which were the sole basis of the awards, were judged by the The Courier’s editorial staff.

Readers who submitted nominations represented the purchase or sale of more than 150 homes in Beverly Hills, dating back as far as 20 years or more. Approximately 60 percent of entries came from the area bounded by Sunset Boulevard on the north and Santa Monica Boulevard on the south, city limits on the east and Wilshire Boulevard in the west, commonly known as the “flats.”

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David Kramer, Helps Frank Price Buy Beach Front Condo Santa Monica Condo for $3.1 Million

At Jun 12, 2013

David Kramer was instrumental in the sale of Frank Price’s beachfront condo in Santa Monica.

Frank Price buys Santa Monica condo for $3.1 million – The 3,165-square-foot unit has terraces, marble floors, a built-in aquarium and two fireplaces.

Former Columbia Pictures and Universal TV head Frank Price has purchased an ocean-view condominium in Santa Monica for $3.1 million. Price faced multiple bidders in the $3.1-milliion purchase of his condominium.

The 3,165-square-foot third-floor unit shares no walls with neighbors. Features include terraces, marble floors, a built-in aquarium and two fireplaces. There are two bedrooms and three bath-rooms. The complex, which has 24-hour security, a gym and a rooftop swimming pool and deck, was built in 1997. Price, 79, was a story editor and writer for CBS in the early 1950s and an executive produce of such ’60s TV hits as “It Takes a Thief,” “Ironside” and “The Virginian.” He was involved with films including “Kramer vs. Kramer” (1979), “Gandhi” (1982) and “Ghostbusters” (1984) as the chief executive of Columbia Pictures. His Price Entertainment, which made such films as “Shadowlands” (1993), “Circle of Friends” (1995) and “Texas Rangers” (2001), merged with Columbia in 1990. David Kramer of Hilton & Hyland, Beverly Hills, represented Price.

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Film Producer Jon Peters Beverly Hills Post Office Area for $12 Million

At Jun 12, 2013

The former King Vidor estate site included house plans by architect Richard Landry. A 14-car underground garage and office are already on the three-parcel property, which sits behind gates. There are city and ocean views.

Peters, 64, has produced such hit films as “Superman Returns” (2006), “Wild Wild West” (1999), “Batman Returns” (1992), “Gorillas in the Mist” (1988) and “A Star Is Born” (1976). He sold to move to his ranch outside of Santa Barbara.

Vidor’s directing career earned him a Guinness World Records spot for “longest career as a film director” starting with “Hurricane in Galveston” (1913) and ending with a 1980 documentary “The Metaphor.” He directed “War and Peace” (1956) and the black-and-white Kansas scenes in “The Wizard of Oz” (1939).

The property came on the market in March at $19,995,000. Jeffrey Hyland, Brooke Kaufman and Chad Rogers of Hilton & Hyland, Beverly Hills, shared the listing. David Kramer of the same office represented the buyer.

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The Kathryn Grayson Estate Sells Legendary Estate on Market for First Time in Years

At Jun 12, 2013

The Santa Monica estate that the late film star and singer Kathryn Grayson called home for 65 years has come on the market at $8,995,000. The English Tudor, built in 1926 and designed by Elmer Grey, sits on a double lot of more than an acre with views of the Riviera Country Club golf course. Neighboring homes date mostly from the 1920s and 1930s on the street dotted with Moreton Bay fig trees and vintage street lamps.

Throughout the house are rounded archways, hand-crafted leaded-glass windows, English oak paneling and beamed ceilings. The living room, with floor-to-ceiling stained-glass windows, a minstrels’ gallery and a cathedral ceiling, was often a spot for entertaining or singing a duet accompanied on Grayson’s grand piano. The 5,381-square-foot residence also has a formal dining room, a library, a breakfast room, a walk-in butler’s pantry, 7 1/2 bedrooms and four bathrooms. The grounds
include plum, avocado and four varieties of orange trees, an expansive lawn and camellias.

The operatic soprano made a name for herself playing supporting roles in musicals. She went on to star in “Anchors Aweigh” (1945), “The Toast of New Orleans” (1950), “Show Boat” (1951) and “Kiss Me Kate” (1953). Grayson died in February at age 88.

David Kramer and Jeffrey Hyland of Hilton & Hyland, Beverly Hills had the listing.

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Chaka Khan Foundation & David Kramer Host Charity Event

At Jun 12, 2013

The Chaka Khan Foundation educates, inspires and empowers children in our community to achieve their full potential and to believe in their ability to achieve their dreams.

On Saturday March 12, 2011 The Chaka Khan Foundation and David Kramer of Hilton & Hyland hosted a charity event at one of David’s high end listings at 2600 Bowmont Drive in Beverly Hills. The emphasis was on David & Chaka explaining to all the children that attended that you should never give up on your dreams and don’t ever let anyone tell you that you cannot do it. Everyone explored the grounds, listened to David’s speech and then had a question and anwer session. The highlight of the day was when David gave the children a full tour of the house. Upon completion of the day everyone headed to California Pizza Kitchen for lunch. A very rewarding day and a good time was had by all.

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Iconic LA Mansion Sells to Racing Heiress

At Jun 12, 2013

Iconic L.A. Mansion Sells to Racing Heiress

By JULIET CHUNG And CANDACE JACKSON

The long-running drama over the sale of the highest-priced home in the U.S. appears to be heading to its finale.

The 57,000-square foot Los Angeles mansion built by the late TV producer Aaron Spelling is slated for sale to a 22-year-old heiress to a Formula One racing fortune. The home on five acres of property in Holmby Hills has a bowling alley, beauty salon, several gift-wrapping rooms and parking for 100 cars.

“The Manor,” as the property is known, had a list price of $150 million that didn’t budge during the real-estate downturn that sent prices in Los Angeles down by more than a third. The sales price was not disclosed.

The buyer, Petra Ecclestone, will be splitting her time between London and Los Angeles after her planned August wedding to entrepreneur James Stunt, according to a spokeswoman. Ms. Ecclestone’s father is the British billionaire and Formula One racing boss Bernie Ecclestone.

The seller, Candy Spelling, Mr. Spelling’s widow, declined to comment. Mr. Spelling produced such TV shows as “Mod Squad,” “Charlie’s Angels,” “Dynasty,” “Starsky and Hutch,” “Beverly Hills, 90210,” and “Melrose Place.”

Ms. Spelling and her husband bought the property in the early 1980s and tore down the existing house to build the French chateau-style home in 1991. The home has a double staircase inspired by “Gone With the Wind.” It was considered the largest home in Los Angeles by far when it was built.

There’s also a flower-cutting room, a china room, a “Prince Charles suite,” named after its one-time royal guest, and a library in which Ms. Spelling bound her husband’s scripts. The estate has been shown since 2008 and was officially listed in March 2009.

If completed, the sale would underscore the importance of foreign buyers in the U.S. real-estate market. Earlier this year, Russian investor Yuri Milner bought a Silicon Valley home for $100 million, the highest-known price paid for a single-family home in the U.S.

Russian composer Igor Krutoy and his wife, Olga, recently bought a condominium at New York’s Plaza for $48 million.

Overall, though, the real-estate market in the U.S. is struggling, with prices sinking to 2002 levels in the first quarter, according to the S&P/Case-Shiller National Index released earlier this month.

Petra Ecclestone also has a six-story house in London’s Chelsea neighborhood purchased for £56 million ($90.9 million), according to press reports. In 2004, her father sold a mansion in Kensington Palace Gardens to steel magnate Lakshmi Mittal for £57 million, according to reports.

Ms. Spelling has said she wanted to downsize. She closed in December 2010 on a 15,555-square-foot condominium in nearby Century City for $35 million.

She had earlier agreed to pay $47 million for the two-story penthouse in Related Cos. Art Deco-inspired tower, “The Century,” but Related dropped prices amid the weak market. The new price also reflected a smaller square footage and other changes.

Rick Hilton and David Kramer of Hilton & Hyland, a Christie’s International Real Estate affiliate, represent Ms. Ecclestone. Mr. Hilton and Jeff Hyland of the same firm share the listing with Sally Forster Jones of Coldwell Banker.

Write to Juliet Chung at juliet.chung@wsj.com and Candace Jackson at candace.jackson@wsj.com

Florence Grace | Grace PR
260 South Beverly Drive, Suite 205
Beverly Hills, CA 90212

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Hilton & Hyland Real Estate Receives 2011 Large Market Affiliate of the Year Award

At Jun 12, 2013

London, U.K. — Christie’s International Real Estate, the world’s leading network of luxury real estate specialists, presented the Affiliate-of-the-Year Award, Large Market Category to Hilton & Hyland Real Estate of Beverly Hills, California. The real estate brokerage—a member of the Christie’s International Real Estate network of 130 international Affiliates – was presented the trophy at the 2011 Global Annual Leadership Conference in London.

“Hilton & Hyland was one of the original affiliates in the Christie’s International Real Estate network,” says Neil Palmer, Chief Executive Officer. “The company had an unprecedented two closings last year from our highly-specialized Bespoke Marketing Program: Frank Lloyd Wright’s Ennis House in Los Angeles and Porcupine Creek in Rancho Mirage, California. Our winner then trumped those two sales by closing the network’s top sale of the year: Petra Ecclestone’s $85 million purchase of Candy Spelling’s Holmby Hills Estate. Rick Hilton and Jeff Hyland represented the Seller and Rick Hilton and David Kramer the Buyer.”

The Affiliate-of-the-Year Awards recognizes excellence in branding and marketing throughout the Christie’s International Real Estate network. Top brokerages are selected in small (population less than 275,000), medium (population between 275,000 and 1,750,000), and large (population over 1,750,000) markets. The overall Affiliate-of-the-Year is chosen from the three winners in the market categories.

The recipient of the small-market award was Jackson Hole Real Estate Associates, while the winner of the medium-market award was Profusion Realty of Montreal, Canada. The other finalists across the three categories included Fenton Lang Bruner & Associates of Jupiter Island, Florida; Wetag Consulting Immobiliare in Locarno, Switzerland; Premier Estate Properties of Boca Raton, Florida; ResidenceFastighetsmämakleri from Stockholm, Sweden; Long & Foster Real Estate of Chantilly, Virginia; and Harry Norman, Realtors, in Atlanta, Georgia.

Submissions were received from all corners of the international network, which is comprised of the world’s top luxury real estate brokerages. The Senior Vice Presidents of Christie’s International Real Estate—Kathy Coumou of Northeastern United States and Canada; Rick Moeser, who oversees the Southeast, Caribbean, Central and South America; Zack Wright, in Western North America and Western Mexico; and Joachim Wrang-Widèn, who manages the EMEA region—were also charged with nominating worthy brokerages from their regions.

The Senior Vice Presidents make the first cut and the finalists are then sent to the company’s Executive Management Committee. This is a group that includes Mr. Palmer; Jarvis Slade, Managing Director, Americas; and Mitch Lewis, Managing Director, Asia Pacific. This group decides on the finalist order.

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Christie’s International Real Estate Releases Inaugural “State of the International Luxury Real Estate Market” Report

At Jun 12, 2013

A Compendium of Research and Commentary from the World’s Leading Network of Luxury Real Estate Specialists

London, UK – Christie’s International Real Estate released its inaugural “State of the International Luxury Real Estate Market” report. The research paper compiles the results of a survey completed by affiliated brokerages in the network—all experts in the luxury market—enhanced with their supporting commentaries and insights.

“The resulting report is an intriguing snapshot of the current global prime real estate market as viewed by the world’s leading network of luxury real estate experts,” says Neil Palmer, Chief Executive Officer of Christie’s International Real Estate.

The paper examines the prevailing mood of buyers and sellers, how market activity is trending worldwide, and how transactions in the upper levels of the market are completed. For instance, when it comes to buying, 87 percent of the network reported that cash is the preferred means of payment.

The report further reveals that buyer optimism is slowly increasing while seller expectations in pricing are improving but remain somewhat unrealistic. More than 67 percent of the survey respondents reported an increase in buyer activity for the first eight months of 2011 when compared to the same period last year. The largest upticks were reported in metropolitan cities like London, Paris, Hong Kong, New York, and Beverly Hills.

Spanning more than 40 countries with a combined annual sales volume estimated at US$100 billion, the Christie’s International Real Estate network focuses exclusively on the world’s properties valued above US$1 million. Real estate brokers are invited to become Affiliates only after a rigorous approval process.

The report concludes with bulleted market reports from a selection of the geographies represented by the exclusive Affiliates of Christie’s International Real Estate.

(Pictured above: a press conference about the report, held at London’s InterContinental Hotel with Affiliates from the Christie’s International Real Estate network)

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LA Times Home of the Week

At Jun 12, 2013

Redone using materials from Paris and the Italian cities of Venice and Florence, this Tuscan-style house behind gates in the Beverly Hills Post Office area is surrounded by 150-year-old orange trees, avocado trees, gardens and outdoor entertaining space. Interior finishes include stone floors, stone and copper sinks and wrought-iron fixtures.

Location: 9606 Heather Road, Beverly Hills 90210
Asking price: $8.795 million
Year built: 1925
House size: Five bedrooms, 71/2 bathrooms, 5,549 square feet
Lot size: 1.74 acres

Features: Vaulted ceiling entry, wood-beam ceiling living room, formal dining room with fireplace, interior arches, French doors, marble kitchen counters, dual-bathroom master suite, swimming pool, outdoor fireplace, pool house.

About the area: In the first half of last year, 131 single-family homes sold in the 90210 ZIP Code at a median price of $2.726 million, according to DataQuick. That was a 2.5% increase from the median during the first half of 2010.

Agents: David Kramer, Hilton & Hyland in Beverly Hills, (310) 691-2400, and Kennon Earl, Keller Williams Realty in Beverly Hills, (310) 432-6491

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Bijan Estate Bidding War

At Jun 12, 2013

After the famous menswear and fragrance designer’s death in April of last year his Beverly Hills estate hit the market in June at a whopping $11,995,000.

It’s been reported that in addition to great local interest, several of the serious Buyers interested in the sale of the Bijan estate are wealthy fans from overseas and are part of the Persian community. This comes as no surprise that many of his fans are still located in Bijan’s birthplace of Iran, even though he left to come to Los Angeles in 1973, because it’s known that he was one of few Iranians in the media spotlight who was still permitted to enter Iran.

What was unexpected was that several of his wealthy fans would take such interest in acquiring more than just his estate but are looking to purchase a complete life-size collection of late designer’s work and personal life.

The appeal of the interior of the home is that it’s been decorated with his trademark monochromatic-primary color schemes and was done by Bijan himself. Many have been inquiring about buying the entire contents of the house including the several hundred press cover photos hanging on the wall, the art collection and most importantly the chandelier completely comprised of Bijan’s trademark cologne bottles. But it doesn’t end there, several potential buyers have also inquired about the very expensive custom cars that Bijan designed which include a Rolls-Royce Phantom and a Bugatti Veyron. David Kramer and Brenda Chandler Cooke of the famed Hilton & Hyland who represent the sale of the property, have suggested that the interest in what would be a wildly expensive personal collection could lead to a bidding war that would guarantee the sale of the estate will include the contents of the home.

Although the sales of high-end luxury homes in Los Angeles remains mostly unaffected by slumping housing market and the poor economy it is still a rare occurrence, even with other estate sales of famous late owners, where Buyers are racing to increase the price tag by such a large amount. What is possibly making this sale so unique is that the majority of fans looking to collect this estate and its contents are International money, who more often than not luxury homes of this caliber tend sell to.

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