Latest news with #TheOne
CNBC
5 hours ago
- Business
- CNBC
Paris Hilton's $63 million mansion sale helps power LA real estate market
When actor and entrepreneur Mark Wahlberg sold his Beverly Hills mansion in 2023 for $55 million, many brokers said the price was low. Wahlberg had listed the 30,500-square-foot home for $87.5 million but slashed the price in order to close before Los Angeles' looming mansion tax took effect. Perhaps he should have waited. Wahlberg's home was the most expensive sale in June, flipped for $63 million, giving the sellers a profit even after accounting for LA's mansion tax. The buyers this time around: Paris Hilton and her husband, Carter Reum, whose Malibu home was destroyed in the wildfires. Los Angeles real estate dominated the charts of the top 10 most expensive homes sold in June, according to Redfin. Five of the 10 top sellers were in California, with three in Beverly Hills, one in Bel Air and one in Atherton. Nicole Plaxen, an agent with The Beverly Hills Estates, said buyers displaced by the fires remain the big drivers of luxury real estate sales in LA. But she said rising demand from foreign buyers, especially from China, is also fueling deals in Beverly Hills and Bel Air. "I see this strength continuing based on the activity I'm seeing right now," she said. "We've been showing every single day nonstop." She said her $118 million listing on Bel Air Road and $68 million one on Flicker Way have both seen strong interest. The Inside Wealth newsletter by Robert Frank is your weekly guide to high-net-worth investors and the industries that serve them. Subscribe here to get access today. Plaxen was a listing agent on the sale of a $32 million LA spec home to Richard Saghian, the CEO of Fashion Nova. Saghian will use the property as a temporary home while he finishes improvements on his Bel Air megamansion known as The One. Saghian bought The One, which spans over 100,000 square feet, at auction for $126 million in 2022 — $141 million with fees and commissions. Plaxen said another LA property recently sold off market for around $60 million and other high-end listings are rapidly coming onto the market. "People are not just looking, they're putting pen to paper," she said. Florida, which typically dominates the top 10 lists, had three top 10 sales in June, including the $38.8 million sale of a Palm Beach spec house.
Epoch Times
2 days ago
- Business
- Epoch Times
LIVE NOW: House Ways and Means Committee Holds Hearing on Economic Bill
The House Ways and Means Committee holds a hearing titled 'The One, Big, Beautiful Bill Delivering for the American Economy' at the Ronald Reagan Presidential Library in Simi Valley, California, at 12 p.m. ET on July 26.
Epoch Times
3 days ago
- Business
- Epoch Times
LIVE NOW: House Ways and Means Committee Holds Field Hearing on Jobs Bill
LIVE NOW: House Ways and Means Committee Holds Field Hearing on Jobs Bill The House Ways and Means Committee holds a field hearing titled 'The One, Big, Beautiful Bill Delivering for American Workers' in Las Vegas, Nevada, at 1 p.m. ET on July 25.
Chicago Tribune
4 days ago
- Business
- Chicago Tribune
Zillow says these are the best paint colors for selling your home
If you've bought or sold a home in the past, there's a good chance your real estate agent might have told you that clean white walls bring in a higher price than homes with color. Well, times have changed; according to a recent analysis from Zillow, paint colors in 'bold hues found in nature,' such as dark greens and blues, tend to have the best payoff. Christie Cannon, a real estate agent with The Cannon Team at Keller Williams in Frisco, Texas, said, 'We've seen a clear shift toward nature-inspired tones that add cozy, organic warmth. This trend is ideal for selling, because when a home feels warm and inviting, it's easier for buyers to imagine it as their own.'We're not talking a couple of hundred dollars here. Research shows that using these earthy-toned paint colors can increase the sale price of a house by as much as $ 2,590. According to Zillow, the top paint colors to use when selling your home include olive green for the kitchen, dark grays for the living room, navy blue for bedrooms and lighter browns for bathrooms. Some upgrades, like trading out the hardware on your kitchen cabinets and changing out light fixtures, could end up being fairly pricey, but a few cans of paint? Totally doable. 'Paint is a relatively affordable and easy change, yet it has an outsized impact on a buyer's perception of the home,' said Amanda Pendleton, Zillow's home trends expert. If you're ready to update the vibe and the profits of your home, here are some of the top exterior and interior paints of 2025: The One Interior & Exterior Matte Green Paint & Primer This rich, forest green hue works well on front doors or in living rooms. It's striking, yet soothing all at once, and being a primer and a paint all in one means it takes less time to get the job done. Kilz Tribute Typewriter Interior Matte Paint & Primer Gray paint has been popular for years, and the trend shows no signs of slowing down. Go bold with a dark-hued choice as it pops against white trim and molding and works well everywhere from entryways to living rooms. Plus, with this paint and primer combo, you'll only need one coat. RUST-OLEUM Paint Wall in Smoked Navy Whether you worship at the altar of Coastal Living or you tend to lean toward a transitional home design, a deep navy blue will bring out the finer points of your house. It works especially well in bedrooms or dining rooms. Glidden Total Vining Ivy Flat Interior Paint With Primer Vining Ivy was Glidden's color of the year for 2023, and it's just as popular today. A bold choice without being too loud, it invites a calm mood. Glidden Total Interior Wall Paint & Primer All-in-One in All About Olive/Green, Semi-Gloss, 1 Gallon This olive green paint is exactly as Zillow suggests. It offers a rich, earthy feel without being too dramatic, and since it's all-in-one, it won't take too long to paint an entire room. BestReviews spends thousands of hours researching, analyzing and testing products to recommend the best picks for most consumers. BestReviews and its newspaper partners may earn a commission if you purchase a product through one of our links. Distributed by Tribune Content Agency, LLC.
Web Release
6 days ago
- Business
- Web Release
UAE-Born Brand Almal Real Estate Development to Make International Debut with the Announcement of ‘The One by Almal' in Bali, Indonesia
UAE-grown luxury real estate developer, Almal Real Estate Development, announces its strategic international expansion with the launch of its debut project in Southeast Asia — The One by Almal in Bali, Indonesia. This marks the brand's first step into the region, with additional developments already in the pipeline across Thailand, Vietnam, the Philippines, Seychelles, and Mauritius. Revealed as part of Almal's 2030 global growth strategy, this project highlights the UAE's rising influence in international real estate and shows how homegrown developers like Almal are reshaping design-led, lifestyle-driven living worldwide. Located in Nusa Dua's exclusive coastal enclave, 'The One by Almal' presents a residential resort-style living concept, offering a refined retreat where luxury, culture, and connection collide. Comprising sophisticated private residences, villas, and townhouses with curated resort services, immersive wellness programs, and signature dining destinations, the brand's first project overseas will deliver an elevated beachfront lifestyle designed for discerning residents and travellers. Building on this momentum, the UAE-based developer has also announced plans to expand across Southeast Asia, with future destinations confirmed in Thailand, Vietnam, the Philippines, Seychelles, and Mauritius. Additionally, Almal is reimagining how people engage with real estate by offering tailored investment avenues. Launching soon, 'The One' app will serve as a digital platform for investors to explore upcoming projects, making its global portfolio more accessible to clients in the UAE and beyond. Dmitriy Starovoitov, Founder of Almal Real Estate Development, shared, 'We've had the opportunity to create incredible projects in the UAE, and now feels like the right time to take that vision to the global market. As we step into this next chapter, we carry forward everything we've learned from the UAE's dynamic market and apply it to these exciting new opportunities.' Founded in 2022, Almal Real Estate Development set out to elevate the standards of luxury hospitality and real estate in the UAE and is now expanding that vision internationally. Its growing portfolio includes standout projects such as The Unexpected Al Marjan Island Hotel & Residence in Ras Al Khaimah, which achieved record-breaking sales, and Harrisoni Villas in Dubai, an ultra-exclusive beachfront collection with villas valued at over $30 million each. With the launch of 'The One by Almal' in Bali, Almal Real Estate Development is introducing its next-generation lifestyle residences to the world. Designed to meet the evolving needs of modern residents and travellers, the project reflects the brand's unique approach to real estate, creating spaces that deliver one-of-a-kind experiences. As Almal continues to grow its international presence, it remains deeply rooted in its UAE origins, bringing the region's distinctive flair for design and luxury to new markets and showcasing the power of homegrown brands to shape the future of global real estate.
