Jones Lang LaSalle has appointed Thierry Delvaux as a Managing Director with the firm’s International Desk. Delvaux is relocating from Budapest, Hungary to set up the new International Desk hub in Washington, D.C. The firm’s International Desk leverages Jones Lang LaSalle’s global platform, relationships and market knowledge to link clients with transaction specialists and solutions across the globe.
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A Fan Buys A Piece Of Michal Jackson History for $3.1 Million
Las Vegas Mega Agents Zar Zanganeh and Lee Medick sold the home Michael Jackson rented in Las Vegas at 2785 S. Monte Cristo Way for $3.1 Million today. The 15,461 square foot, seven bedrooms, ten bath mansion includes a tennis court, basketball court, twenty-seat theater and extensive security features on a one acre lot. The sale also represents the largest home sold in Las Vegas in almost one year.
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Prices began falling over two years ago and significant declines were seen throughout 2009, with several months experiencing 5%+ value drops. The 1.0% growth in prices seen in November is a small bright spot.All Property Type Aggregate Index recorded a 1.5% price decline in the month of October. The index now stands 43.7% below the peak measured two years ago, in October 2007.
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John McMonigle, founder and namesake of Newport Beach-based McMonigle Group, today announces the return of Top Agent commencing January 19 through February 15. Marking its third season, the month-long training program and competition – the first and only program of its kind – provides six to 10 residential real estate agents the opportunity to learn from a select team of luxury real estate professionals, and ultimately compete for Top Agent honors with an offer to join the McMonigle Group.
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We all knew it was coming, but that does not make things any more palatable. If any luxury real estate agents were wondering where the next big thing in luxury real estate marketing was – it is short sales. Mortgages over $1 million on McMansions across the country are beginning to default faster than the national rate and are already defaulting at twice the national rate.
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Stribling & Associates, one of New York City’s most respected residential brokerage firms, and Cooper Square Realty, the largest residential property management company in New York City, announced that they have formed a strategic alliance to benefit the New York City residential market. Stribling agents will now be assigned to handle sales transactions in residential properties managed by Cooper Square.
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