Historic home of one of Carmel's leading architects for sale. Sweeping ocean views offered
Koepp's style influenced much of the charming Northern California town's architecture in the late 1920s and 1930s. His most significant work is the La Rambla building, which he designed in 1929 for Carmel resident Josephine Baber. La Rambla, today a mix of retail spaces and apartments, is known for its courtyard and location near Ocean Avenue.
Jennifer Nazareno and Sterling Malish, who now own the Koepp house, bought the home in 2023 for $3.935 million, according to public records, and enhanced the property by turning a hill of dirt and wildflowers into a beautifully landscaped and terraced backyard that is ideal for entertaining.
'When we first saw the backyard, it was nothing more than a mountain of dirt — but we saw limitless potential,' the sellers said in an email. 'After the renovation, it became an incredible outdoor sanctuary, perfect for everything from cozy movie nights with our daughters to lively birthday celebrations and large family gatherings.'
They created a seamless flow between the kitchen, deck and backyard.
The Spanish-style house unfolds across 2,755 square feet with four bedrooms and four full bathrooms.
Listing agent Mark Peterson of Compass said the location of the home is notable, both for its orientation and the little-known neighborhood where it lies.
'The Carmel Woods area of Carmel is often overlooked as people don't even know it exists,' Peterson said in a statement. 'But just above the Village of Carmel-by-the-Sea is this gently sloping southwest exposed area of homes. The climate is ideal as it basks in a little more sunshine and is protected from the prevailing northwest winds. Views of the iconic Point Lobos are found in these homes.'
Koepp purchased one of the earliest lots for sale in Carmel and knew what he was looking for, Peterson said.
'This home is positioned perfectly to maximize daylight and warm sun exposure,' the listing agent added. 'It has views of Carmel Bay, Point Lobos and over the Del Monte Forest of Pebble Beach. The character and tasteful updates over time complement the original home. This is an authentic California Spanish Revival home.'
Inside, the chef's kitchen contains La Cornue range, Brazilian granite countertops and custom cabinetry. Original refinished hardwood floors run through the interior living space, complemented by Turkish limestone in the bathrooms and lower level. Custom Spanish tiles adorn the risers on the stairs going up to the second level'
Outside, the re-imagined backyard became a relaxing retreat that connects multiple seating areas and outdoor spaces. A separate guest house was once a Spanish carriage home and boasts its own spectacular ocean views.
'A rare gem in Carmel, this estate captures the essence of coastal luxury with history, elegance, and panoramic ocean vistas at every turn,' the property listing states. The home is located at 24410 S San Luis Ave.
The sellers — Nazareno is a public health academic and Malish is a physician — decided to sell because they are relocating, according to a representative for Compass real estate firm.
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Miami Herald
4 hours ago
- Miami Herald
Rodrigo De Paul joins Lionel Messi at Inter Miami, may make debut in Leagues Cup
Lionel Messi will have another close friend and longtime teammate by his side for the remainder of this Inter Miami season and beyond. As the Miami Herald and other outlets reported last week, Rodrigo De Paul, Messi's midfield mate on Argentina's national team, is headed to Inter Miami from Spanish club Atletico Madrid on a four-year loan-to-buy deal. The loan will run through 2025 with an option to make the transfer permanent through the 2029 MLS season.. The official announcement came from the club on Friday night. De Paul will be unveiled to the home fans during Saturday's pregame at 7 p.m. at Chase Stadium prior to Inter Miami's game against FC Cincinnati, which Messi and Jordi Alba will miss after being suspended by MLS for skipping the All-Star Game on Wednesday. 'What brings me to Inter Miami is the desire to compete, win titles, to write the pages in the club's history,' said De Paul. 'It's a club that is shaping up to be great, to have a long history, so that many people follow this incredible team.' De Paul, a World Cup champion and two-time Copa America winner, will join the squad and begin training with the team upon the receipt of his P-1 Visa and ITC. Inter Miami managing owner Jorge Mas spent more than a week in Madrid in early July finalizing the deal, which includes a transfer/buyout fee in the $12 million to $15 million range, with potential for a higher fee if incentives are met. De Paul is expected to make his Inter Miami debut during the Leagues Cup, which kicks off July 30 with a home game against Mexican club Atlas. The next two Leagues Cup games are against Necaxa Aug. 2 and Pumas Aug. 6, both at Chase Stadium. 'Assembling a team that inspires our fans to dream continues to be one of our primary aspirations, so we're thrilled to sign a player of Rodrigo's caliber,' said Mas. 'He is a winner who has conquered the world stage; his ambitions match ours at Inter Miami, and we are hungry to achieve these goals together. 'Several of the best players in global fútbol have already chosen Inter Miami as their home, and Rodrigo joining our roster is another landmark as we continue on this journey to change the trajectory of the sport in this country and make our fans proud.' Co-owner David Beckham added: ''Rodrigo is a player I've admired for many years. As a leader he has brought so much to the teams he has played for - especially with his national team Argentina. He brings experience, passion and quality to our team and to our city. I'm excited to welcome another World Cup winning player not just to Inter Miami, but also to MLS.' The move adds a top-tier 31-year-old central midfielder to the Miami roster as the team aims to compete for the Leagues Cup title and the MLS Cup after a disappointing first round exit from the playoffs last season. De Paul joined Atletico Madrid in 2021 from Udinese for a $41 million fee. His contract with the Spanish club expires in June 2026, but he decided to make the move to the United States now. Nicknamed 'El Motorcito' (Little Motor) for his tireless work rate, De Paul will get to train and work with Messi every day in the buildup to the 2026 World Cup, which is being hosted by the United States, Mexico and Canada next summer. He is a box-to-box midfielder who played a crucial role for Argentina in the 2022 World Cup and the 2024 Copa America. Over 11 seasons in Italy and Spain, De Paul has played 356 games, scored 45 goals and had 56 assists. He earned Copa América 2021 and 2024 Team of the Tournament honors, and most recently featured in the La Liga Team of the Season for the 2024-25 campaign. De Paul began his career in the youth ranks at Racing Club in Argentina prior to being promoted to the first team and making his professional debut in February 2013. He went on to establish himself as a key player for Racing before leaving for Europe in 2014. Fox Sports commentator Alexi Lalas believes De Paul is a perfect fit for Inter Miami and MLS. 'He is in his prime and the style in which he plays, I think will translate immediately to what Major League Soccer is,' Lalas said on his State of the Union podcast. 'I'm not saying he's crude or anything, but there is a ruggedness and a rawness to his game that is what makes him one of the greats in the world. I think it's going to translate. I think it's what Inter Miami needs.' Lalas went on to praise Inter Miami owners Jorge and Jose Mas and David Beckham for making 'bold' moves to spend big and sign marquee players. 'I love that Inter Miami and Jorge Mas and David Beckham want to push the envelope,' Lalas said. 'They want to do big things, and they should be given the ability to do that, Yes, within the rules. 'People are yelling and saying, 'Oh, Inter Miami's getting favorable treatment.' Yeah. OK. If somebody wants to do something big that's going to benefit the team, and it's going to benefit the league, they are going to be given some leeway. And there's nothing stopping you, whatever team it is - Columbus or Colorado or anybody else out there - from thinking big and doing big. 'Yes, there is an attraction to Messi. Yes, there is an attraction to someplace like Miami that maybe other teams don't have. But if you want to spend big money and you want to do big, bold, dare I say it, arrogant things, I will support you, 100 percent.' A charismatic player with a fashion flair, De Paul is a big fan of Beckham's and emulated the English star's hairdos, from the braids to the pulled-back half-ponytail to the hairband to the bleached blond look. Like Beckham, whose wife Victoria was a singer with the Spice Girls, De Paul has a pop star girlfriend, Tini Stoessel, who is from Argentina and has a home in Miami. De Paul did a stint with Spanish club Valencia from 2014-16, when Gary Neville was the coach there. Phil Neville, Gary's brother and the former Inter Miami coach, was an assistant coach with Valencia at that time and has fond memories of De Paul. 'He was a very talented young player with great energy and enthusiasm to play football,' Neville told the Miami Herald. 'He worked so hard every day, and you could tell he was going to have a really great career. He had an infectious personality in the locker room and was loved by all his teammates.' Messi has the same type of telepathy with De Paul as he does with Inter Miami teammates Luis Suarez, Sergio Busquets and Jordi Alba. De Paul always knows where Messi is, provides delivery to the Argentine icon and takes on the role of enforcer/bodyguard when the two are on the field together. Messi already has a professional bodyguard, Yassine Cheuko, and now he will have a second. Suarez, 38, and Busquets, 37, have not renewed their contracts, which expire at the end of this season. Busquets will make $8.8 million this season, second-highest salary on the team behind Messi ($20.5 million), and Suarez makes $1.5 million. Neither player has addressed his future, but if Suarez and/or Busquets retire at the end of the year, De Paul will fulfill the role of world-class midfielder and confidant for Messi. MLS rules allow just three Designated Players with salaries exceeding the league maximum. Right now, those are Messi, Busquets and Jordi Alba, who recently signed a contract extension through 2027. Messi has not signed his contract extension yet, but negotiations have been ongoing for months, and the deal is expected to be completed soon. Messi's initial contract with Miami is valued at $150 million, with a large piece of that coming from equity in the club upon his retirement. He is expected to continue playing at least through 2026, the first season in Miami Freedom Park Stadium, which is under construction and scheduled to open early next year.
NBC News
5 hours ago
- NBC News
Economists doubt Trump outlook that US will sell 'so much' beef to Australia
WASHINGTON/CANBERRA/CHICAGO, July 25 (Reuters) - President Donald Trump said the sell 'so much' beef to Australia after Canberra relaxed import restrictions on Thursday, but economists and traders said high prices and tight supplies make major American exports unlikely. Australia said it would loosen biosecurity rules for U.S. beef. The move will not significantly increase U.S. shipments, though, because Australia is a major beef producer and exporter whose prices are much lower, analysts said. U.S. companies export small quantities of beef to Australian buyers. They import much more in the form of lean beef used to make hamburgers, particularly as U.S. production has declined because of tight cattle supplies. U.S. beef prices set records this year after ranchers slashed their herds due to drought that burned up pasturelands used for grazing. The total herd size fell to 94.2 million head as of July 1, a record low for that date, according to U.S. Department of Agriculture data on Friday. A ban on cattle imports from Mexico because of New World screwworm, a devastating livestock pest, and steep tariffs on Brazilian beef that are set to take effect on Aug. 1 could further tighten meat supplies, and require additional imports of Australian beef. 'We can't get enough beef in the U.S. right now, so we're bringing it in from Australia and Brazil,' said Dan Norcini, an independent U.S. livestock trader. 'We're not going to be selling anything significant to anyone.' Last year, Australia shipped almost 400,000 metric tons of beef worth $2.9 billion to the United States, with just 269 tons of U.S. product moving the other way. 'They have more cattle than people,' said David Anderson, an agricultural economist at Texas A&M University. 'That's why they export so much.' Different taste U.S. and Australian beef also taste different. Many Australians like the grass-fed beef raised there, not marbled beef from U.S.-raised cattle that are generally fed with grain, said Jerry Klassen, chief analyst for Resilient Capital in Winnipeg. He predicted the United States will not export substantial amounts of beef to Australia in the next five years. 'We just aren't in a position to export much beef to anyone, and the reality is Australia doesn't really have much need for U.S. beef,' said Karl Setzer, partner at Consus Ag. The barriers that remain to exporting significant volumes of U.S. beef to Australia appeared to be lost on Trump this week. 'We are going to sell so much to Australia because this is undeniable and irrefutable Proof that U.S. Beef is the Safest and Best in the entire World,' Trump said in a post on Truth Social. 'The other Countries that refuse our magnificent Beef are ON NOTICE.' Trump has attempted to renegotiate trade deals with numerous countries he says have taken advantage of the United States, a characterisation many economists dispute. 'For decades, Australia imposed unjustified barriers on U.S. beef,' U.S. Trade Representative Jamieson Greer said in a statement, calling Australia's decision a 'major milestone in lowering trade barriers and securing market access for U.S. farmers and ranchers.' Australian officials say the relaxation of restrictions was not part of any trade negotiations but the result of a years-long assessment of U.S. biosecurity practices. Canberra has restricted U.S. beef imports since 2003 due to concerns about bovine spongiform encephalopathy (BSE), or mad cow disease. Since 2019, it has allowed in meat from animals born, raised and slaughtered in the U.S. but few suppliers were able to prove that their cattle had not been in Canada and Mexico. The U.S. sources some of its feeder cattle from the two neighboring countries. On Wednesday, Australia's agriculture ministry said U.S. cattle traceability and control systems had improved enough that Australia could accept beef from cattle born in Canada or Mexico and slaughtered in the United States. The decision has caused some concern in Australia, where biosecurity is seen as essential to prevent diseases and pests from ravaging the farm sector. 'We need to know if (the government) is sacrificing our high biosecurity standards just so Prime Minister Anthony Albanese can obtain a meeting with U.S. President Donald Trump,' shadow agriculture minister David Littleproud said in a statement. Australia faces a 10% across-the-board U.S. tariff, as well 50% tariffs on steel and aluminum. Trump has also threatened to impose a 200% tariff on pharmaceuticals. Asked whether the change would help achieve a trade deal, Australian Trade Minister Don Farrell said: 'I'm not too sure.' 'We haven't done this in order to entice the Americans into a trade agreement,' he said. 'We think that they should do that anyway.'
Los Angeles Times
7 hours ago
- Los Angeles Times
Baby Boomers now live next to 18-year-olds at colleges across the U.S.
On a Monday afternoon last spring at Lasell University, students wrapped up their final beginner Spanish class of the semester. Pairing up, they drilled each other on their names, favorite foods and hobbies. It was a routine conversation for Sara Leclair and Mandy Waddell, until Leclair, a 20-year-old sophomore, asked her partner, 'Cuantos años tienes?' How old are you? 'Oh, this is getting personal,' Waddell exclaimed in mock chagrin. 'Ochenta y uno.' Eighty-one. The two laughed, and the lesson went on. The intergenerational classmates — Leclair, an early-childhood education major, and Waddell, a retired elementary school teacher — were brought together through the partnership between Lasell University and Lasell Village, a senior living community on the school's 54-acre campus outside of Boston. The unconventional arrangement, which offers retirees the chance to share space and studies with co-eds while providing a source of revenue for the university to help buttress its finances, has proved to be an enduring success, and increasingly, a blueprint. There's arguably no better manifestation of the graying of America than senior citizens populating campuses originally designed for 18-year-olds. But as US student enrollment dwindles, school expenses soar and the country's population rapidly ages, the improbable mashup is making more and more sense. Andrew Carle, a senior living consultant, estimates there are already about 85 of what he dubs university retirement communities in the country, a number he says is only set to grow in the years ahead. 'You couldn't find a bigger odd couple,' Carle said. 'But when you do it right, the synergy is there and it can be an extremely successful model for both parties.' This is a niche – and often expensive – part of the senior living market, to be sure. It's not a cure-all for the harsh realities facing higher education, a list that includes declining enrollment, rising costs and this year's funding threats under the Trump administration. And not all schools are well-suited for inviting a retirement community onto campus. But the partnership does work in many cases, and it represents the kind of creative thinking that will be increasingly required in the face of convulsive demographic change. Starting in the coming school year, researchers say there will be dramatically fewer high school graduates available to fill the country's higher-ed classrooms, stemming from a decline in birth rates that started around the 2008 financial crisis. Meanwhile, more than 10,000 people are turning 65 each day in the US. By 2050, the number of older adults is expected to reach 88 million people and make up more than 20% of the country's population, exceeding those under 18. Higher education's shrinking student base has already forced at least 40 US colleges to announce plans to shut down since 2020, and experts predict as many as 80 more schools may find themselves in the same situation in coming years, under a worst-case drop in enrollment. On the other side of the divide, the rising tide of seniors is placing more urgency on the need for housing to accommodate the oncoming 'silver tsunami,' with current trendlines pointing to a supply-demand imbalance of worrisome proportions. The nonprofit National Investment Center for Seniors Housing & Care estimates that some 806,000 of new retirement units will be required in the US by 2030. But in this year's first quarter, less than 20,000 units were under construction in the 31 markets NIC analyzes — the lowest level since 2013. Against this backdrop, a growing cadre of school administrators and senior-living operators are joining forces to find solutions that address the needs of both constituents. In doing so, they are tapping into a movement that can trace its roots back to the 1980s and two pioneering midwestern institutions: Iowa State University and Indiana University. Both colleges were faced with the situation of retired administrators, professors and alumni who wanted to live out their golden years on their beloved campuses. In response, the schools started nearby developments to accommodate them, eventually partnering with senior living operators and helping to form a new framework. Since then, different iterations have blossomed across the US, from communities such as Lasell Village, which are on campus and require residents to agree to log 450 hours of learning each year, to those with looser affiliations. Some, like University of Alabama's Capstone Village community, are also on campus and have official partnerships with the university, but don't require residents to partake in programming. Others are simply located near a campus and share a less-formal connection with a university, like Legacy Pointe just off the main University of Central Florida campus. Schools often receive revenue through a land lease, royalty agreement or management contract. In rarer instances, they set up full or partial ownership of the retirement communities, sometimes through separate nonprofit organizations. Lasell Village was the brainchild of former President Tom de Witt, who landed on senior living as a way to leverage Lasell University's valuable land and bring another source of income onto its struggling balance sheet. With insolvency closing in, de Witt proposed transforming an unused parcel of land near the edge of campus as a place for retirees. It opened in 2000. 'I had to take Lasell Junior College literally out of bankruptcy,' he said in an interview, 'or there would be nothing here now.' Some abandoned campuses have been transformed into senior-living communities. That was the case for Newbury College in Boston, which shuttered in 2019, bowing to 'weighty financial challenges' driven by low enrollment and higher expenses. In the 20 years leading up to Newbury's closure, its headcount dropped from more than 5,300 students to about 600. Kisco Senior Living opened The Newbury of Brookline, an upscale senior living center on the closed college's campus, in December 2024. The development company HYM Investment Group bulldozed Newbury's classrooms and dorms to build the new retirement community, but were able to keep Mitton House, an 1896 mansion that was one of the school's architectural crown jewels. Doug Manz, HYM's chief investment officer, said closed college campuses can be attractive sites in crowded real estate markets like Boston or New York. Eastern Nazarene College's campus in Quincy, Massachusetts, which recently closed, has been floated for conversion. And the College of New Rochelle, less than 20 miles from midtown Manhattan, is potentially slated for senior housing. 'It's unfortunate, but small liberal arts colleges are disappearing,' Manz said. 'Meanwhile, there's high demand for senior housing. Both trends happening at the same time can create very unique opportunities.' Broadview, a senior living community on Purchase College's campus in Westchester County, a wealthy pocket within the greater New York area, saw rabid interest when it opened in December 2023, using about $400 million in municipal bonds to complete the development. Some 18 months later, the independent living space is full, with about 75 households on the waiting list, according to executive director Ashley Wade. 'There's been a lot of interest,' she said. 'It speaks to how many people want retirement on their terms. Our residents have been lifelong learners and they want that in their retirement, too.' Steve Shelov, a former pediatrician who retired a year-and-a-half ago, is emblematic of the kind of residents attracted to Broadview. The 80-year-old's packed schedule has included mentoring pre-med students, attending shows at Purchase College's performing arts center, meeting with school administrators and taking classes on art history and the Bible. 'If you look at my week, it's so full,' he said. As with most retirement communities, Broadview requires an up-front entrance fee, which in its case ranges from about $270,00 to as much as $2.5 million. At the end of the contract – when a resident dies or moves out – the facility pays 80% of the entrance fees to them or their beneficiary. They also pay monthly fees ranging from almost $4,000 to nearly $13,000. In return for their place on Purchase College's campus, Broadview pays $2 million to the school each year. Mike Kopas, Purchase's vice president for administration, said 75% of that goes toward student scholarships and 25% is dedicated to supporting faculty. Kopas said the income is a relatively small part of Purchase's balance sheet, but allows the school more flexibility and ability to offer aid to students. 'The scholarship dollars have so far been above and beyond what we'd been able to offer before,' Kopas said. As higher education becomes an increasingly challenging business, experts like Carle say they're getting more calls from cash-strapped colleges looking at retirement communities. Unfortunately, the characteristics that make a college unlikely to thrive in today's environment — small, private schools in remote areas — also make it a poor fit for senior living. 'I have to tell them, 'Look, you're a small liberal arts college in South Dakota with 900 students, 500 miles from anything,'' Carle said. 'There's just not a senior living market there.' There are other reasons that this collaboration can be tough to pull off: Senior housing companies — often under pressure to deliver shareholder returns — may find it challenging to wait out the bureaucratic processes of higher education. For example, Purchase College's leadership proposed bringing on a senior living facility in 2003. Doors opened two decades later in December 2023. Unsupportive neighbors and local government can also delay projects, like in the case of Lasell Village, when a zoning fight ended up in court, holding up progress for years. Schools also run the risk of partnering with unreliable companies. Carle points to Eckerd College in St. Petersburg, Florida, which spent hundreds of thousands of dollars to prop up its senior living center through bankruptcy and construction delays. Other times, tensions flare once facilities have opened and retirees have moved in. At Mirabella, a senior living community on Arizona State University's campus, residents and the complex sued a nearby entertainment venue for 'incessant' and 'unrelenting' noise. For some students, the complaints brought other grievances with the retirement community to the surface. 'ASU's decision to build Mirabella while ignoring the needs of its student population shows its prioritization of money over academic success,' Haley Tenore wrote in a 2021 opinion column for the student newspaper. 'As students on campus struggle financially and are made to live in subpar housing conditions, the University continues to expand outward, sometimes in areas where it is not wanted.' Eventually, Mirabella and the venue reached a resolution and asked the court to dismiss the lawsuit. Meanwhile, other students have praised the on-campus retirement community for fostering unexpected friendships and creating new programs. These arrangements have the best chance of success, experts say, when they emphasize a collaborative approach centered on intergenerational experiences and lifelong learning — not just seeing the partnership as a way to fill a budget gap. At Lasell Village, students fill notoriously difficult-to-staff dining hall roles and say they feel like they've got 200 grandparents. The organizations have partnered to host a 'senior prom' — senior in both senses of the word — for students and residents alike. Friendships have bloomed from those interactions. Courtney Tello, an elementary education major who graduated from Lasell University in May, considers Lasell Village resident Toni Miller her 'bonus grandmother.' 'Meeting Toni has been a major part of my college experience,' said Tello. 'She keeps me motivated and checks up on me, I know of so many students who could benefit from a friendship like this.' As for former Lasell University President de Witt, now retired himself, he moved in as a resident in August 2021, about a half mile from where he lived as the school's president. 'Of course I moved in, why would I not do that?' he said. 'I was president here for 19 years, this is my neighborhood.' Rembert writes for Bloomberg.
