Angeleno Magazine's Power Players

Angeleno Magazine's Power Players

The luxury real estate team of Nick Segal, Rick Ojeda and Shaun Alan-Lee represents a number of Los Angeles' most notable architectural homes, historical estates and new construction. Together, they have earned the trust of a closely protected list of clients who value their integrity and transparency coupled with their vast experience. Their distinguished roster of clients include high profile entertainment execs, musicians, A-list actors and professional athletes. Key to the team's success has been their commitment to servicing as the strategist, the ambassador and the negotiator in the representation of their clients' best interests. This approach is complemented by the integrity in which they serve themselves, by limiting the types of clients they choose to work with. It is key principles like integrity, accountability and caring that the brokerage Partners Trust itself was founded on. In seven short years, the firm's innovative approach has elevated the company to achieve more than $7 billion in residential real estate sales. With nine offices and more than 240 associates, Partners Trust is a discerning and conscientious real estate company that leverages its global network, media savvy and command of the market to provide clients with a discreet and peerless level of real estate service.

Specializations

Influencers: Business Managers, Attorneys, Accountants and Talent Agents

Clients: C Level Executives, A-List Actors and Musicians, Professional Athletes

Properties: Mid to High End Luxury Homes and Condominiums and Development Opportunities throughout Los Angeles.

 

via Angeleno Magazine.

Actor Charlie Hunnam buys a vintage estate in Hollywood Hills

Actor Charlie Hunnam buys a vintage estate in Hollywood Hills

Actor Charlie Hunnam, who starred as the leader of an outlaw biker club in the series “Sons of Anarchy,” has bought a house in the Outpost Estates area of Hollywood Hills for about $2.76 million.

Part of a housing tract developed by Charles E. Toberman in the 1920s, the two-story Mission Revival-style home was renovated and restored by previous owner and musician-turned-developer Tony Clearwater.

Fronted by a courtyard with a fountain, the roughly 3,200-square-foot home has vaulted ceilings with exposed beams, arched doors and windows and a formal entry with Spanish tile floors. A formal dining room and a step-down living room with a remote-controlled fireplace and drop-down projection screen sit off the entry area.

Showcasing a more contemporary style, the kitchen features a tiled backsplash, dark wood cabinetry and a center island topped with pendant lighting. The master bedroom has a clawfoot soaking tub and a walk-in closet for a total of four bedrooms and 4.5 bathrooms. A front-facing balcony sits off the master suite.

Outdoors, a long loggia with a fountain feature sits adjacent to a swimming pool. Various patios, an outdoor fireplace, lawns and landscaping complete the hedged and gated setting.

The house came on the market in late 2015 for $3.195 million and was more recently priced at $2,888,888, records show. The exact sale price was $2,762,500.

Skyler Hynes and Tyson Rocco Pelanconi of Coldwell Banker Residential Brokerage were the listing agents. Nick Segal and Rock Ojeda of Partners Trust Beverly Hills represented the buyer, according to the Multiple Listing Service.

The 35-year-old Hunnam is known for his role as Jackson “Jax” Teller on the FX series that concluded in 2014 after seven seasons. Among his film credits are “Deadfall” (2012),  “Pacific Rim” (2013) and “Crimson Peak” (2015).

He will star as King Arthur in the upcoming film “Knights of the Roundtable: King Arthur."

via Los Angeles Times.

Jonathan Frakes beams out of Beverly Hills with one of L.A.'s top sales

Jonathan Frakes beams out of Beverly Hills with one of L.A.'s top sales

The homes of a “Star Trek” actor, an Oscar-winning screenwriter and a tech billionaire were among the most expensive real estate sales in the greater Los Angeles area this past week.

$23 million — Santa Monica

In the 600 block of East Channel Road, the former marital home of author-screenwriter Victoria Foyt and film director Henry Jaglom sold for $23 million, one of the most expensive transactions historically for the Westside community.

Set behind walls and antique gates, the 3.3-acre compound known as Villa Ruchello was used as a location for the film “Beverly Hills Cop” as well as a short-term home for members of Fleetwood Mac and British singer-songwriter Lily Allen.

Some 14,000 square feet of space is divided between an eight-bedroom main house, a two-bedroom guest house and a two-bedroom gatehouse. There are 12.5 bathrooms in all.

Outdoors, park-like grounds contain mature trees, gardens and a swimming pool with a series of cabanas.

Billy Rose, Edward Fitz and Santiago Arana of The Agency were the listing agents. Myra Nourmand of Nourmand & Associates Beverly Hills represented the buyer.

$20 million — Beverly Hills

A two-house compound in the 9600 block of Oak Pass Road for $20 million. The property had been listed at $23 million.

Built on a property once owned by late film and television producer Bert Schneider, the contemporary-style home is highlighted by gallery walls, floor-to-ceiling walls of glass, a 920-bottle wine wall and a 75-foot infinity pool that flows into a larger primary pool. A detached guesthouse features a living room that doubles as an 80-seat concert hall.

A combined 10,381 square feet of living space has six bedrooms and eight bathrooms.

Gary Gold of Hilton & Hyland, an affiliate of Christie’s International Real Estate, had the listing. Michael Chen of T.N.G. Real Estate Consultants represented the buyer.

$11.995 million — Beverly Hills

“Star Trek: The Next Generation” actor Jonathan Frakes and his wife, actress Genie Francis, set their phasers to sell in the 9100 block of Hazen Drive, parting with their longtime Georgian Colonial-style estate for $500,000 under the asking price of $12.495 million.

The two-story home behind gates sits on more than an acre with rolling lawns, mature trees and a gated pool and spa. Interiors feature a two-story skylight-topped entry, a wood-paneled office/library, seven bedrooms and nine bathrooms in 10,000 square feet.

The couple, who have decamped to Woodland Hills, bought the house in 1994 for $1.5 million.

Judy Feder of Hilton & Hyland listed the home on behalf of the couple. Branden and Rayni Williams, also of Hilton & Hyland, represented the buyers.

$10.3 million — Beverly Hills

Billionaire Ted Waitt paid $10.3 million for a home in the 1100 block of Loma Linda Drive. The 6,700-square-house, designed by noted architect Gerard Colcord and built in 1951, came on the market in February for $11.495 million.

Marked by a large motor court, the English country-inspired residence is distinguished by dark wood floors and detailed wainscoting. Formal living and dining rooms, a library with custom built-ins, six bedrooms and seven bathrooms are among the living spaces.

Waitt, who co-founded Gateway Inc. with Mike Hammond in 1985, intends to raze the home and develop the property, according to agents not authorized to comment on the sale.

Andrew Clark and Barry Peele of Sotheby’s International Realty were the listing agents. Ryan Davis of John Aaroe Group repped Waitt in the deal.

$9.65 million — Pacific Palisades

Oscar-winning screenwriter Robert Towne of “Chinatown” fame sold his English country-inspired mansion in Pacific Palisades for $9.65 million. He had asked $10.5 million.

Built in 1926, the brick-lined residence was designed for grand entertaining and has seven bedrooms and nine bathrooms in 10,000 square feet of living space. A swimming pool, a rose garden and a spice garden highlight grounds of about three-quarters of an acre.

Nick Segal and Rick Ojeda of Partners Trust were the listing agents. Cory Weiss of Douglas Elliman represented the buyer.

$7.525 million — Malibu

An oceanfront home in the 26000 block of Malibu Cove Colony Drive sold for $7.525 million.

The house originally came on the market in 2014 for $8.25 million and more recently was priced at $7.995 million. It previously sold for $7 million in 2005.

Built in the late 1970s, the two-story home has an open floor plan with four bedrooms and four bathrooms in 3,701 square feet of living space. Ocean-facing balconies extend off each level of the home.

Thomas Clements of Sotheby’s International Realty repped both ends of the transaction.

$7.4 million — Beverly Hills

In the 600 block of North Palm Drive, actor, dancer and choreographer Grover Dale sold his home of more than two decades for $7.4 million after relisting it in April for $7.995 million.

Designed by architect Ralph Flewelling, the 1920’s Spanish-style home was recently occupied by actor Christopher Meloni, who paid $20,000 a month as part of a long-term lease.

Updated and expanded in the 1990s, two floors of living space feature formal and junior dining rooms, a library and a living room with a stone fireplace. The master suite has a private patio and a fireplace for a total of four bedrooms and six bathrooms in 5,500 square feet.

Brent Watson of Coldwell Banker Residential Brokerage had the listing. Adam Rosenfeld and Kyle Giese of Mercer Vince represented the buyer.

$7.05 million — Bel-Air

A steel-and-concrete contemporary in the 1500 block of Bel Air Road sold for $55,000 over the asking price of $6.995 million.

Entered through a gated drive, the newly renovated home has floor-to-ceiling walls of glass, open-area public rooms and a chef’s kitchen with honed countertops. A lower level entertainment area features a media room and a glass-enclosed wine room.

There are five bedrooms and 5.25 bathrooms in 5,665 square feet of living space.

Todd Baker of Coldwell Banker Residential Brokerage was the listing agent. Jill Epstein of Nourmand & Associates represented the buyer.

These are among the top residential real estate sales reported on the combined L.A./Westside Multiple Listing Service for the period beginning July 12 and ending July 18.

via Los Angeles Times.

Screenwriter Robert Towne Sells in Los Angeles for $9.65 million

Screenwriter Robert Towne Sells in Los Angeles for $9.65 million

The Oscar-winning screenwriter first listed the Pacific Palisades home in 2011 for $14 million

After several years on and off the market, the Los Angeles home of Oscar-winning screenwriter Robert Towne is selling for $9.65 million. It originally listed in 2011 for $14 million.

The sale of the Tudor-style estate is expected to close this week, according to real-estate agent Nick Segal of Partners Trust Real Estate Brokerage and Acquisitions, who listed the home several months ago for $10.5 million with colleague Rick Ojeda. The buyer’s identity wasn’t disclosed.

Located in the Pacific Palisades area on the city’s west side, the five-bedroom home was originally built in the 1920s. Measuring about 7,000 square feet, it has wood-beam ceilings, leaded glass pane French doors and a breakfast room. Upstairs, the master suite has a wrought-iron balcony.

A roughly 2,200-square-foot guesthouse has two bedrooms and an office, where Mr. Towne did much of his writing, Mr. Segal said. The grounds contain fruit trees, a rose garden and a 25-meter swimming pool.

Mr. Towne and his wife Luisa bought the house in the late 1980s, Mr. Segal said. He said they are selling because their daughter is grown and “they don’t need that much house anymore.” He added that the couple was “committed” to selling this time around. Mr. Towne wasn’t available for comment.

Mr. Towne is best known for the 1974 film “Chinatown,” for which he won an Academy Award for Best Original Screenplay. More recently, he wrote screenplays for two of the “Mission: Impossible” movies and was a consulting producer on the TV series “Mad Men.”

via Wall Street Journal.

Robert Towne Re-Lists Pacific Palisades Estate

Robert Towne Re-Lists Pacific Palisades Estate

The longtime estate of veteran screenwriter Robert Towne, on almost three-quarters of an acre in the low-key but seriously ritzy Riviera neighborhood of Pacific Palisades, has popped back up for sale at $10.5 million. Property records show the Oscar winner, who penned cinematic treasures like “Chinatown” and “Shampoo” — not to mention a slew of Tom Cruise-starring blockbusters such as “Mission: Impossible” and “Mission: Impossible II” — purchased the circa 1926 English Tudor mansion in 1987 for $2.5 million. Our research reveals this is not the first time Mister Towne has attempted to sell his PacPal property; it was first listed in fall of 2011 at $14 million and last listed in early 2014 at $9.85 million.

This story first appeared in the March 31, 2015 issue of Variety. Subscribe today.

Floor plans included with current marketing materials show the approximately 9,000-square-foot main house, which stretches a stately 125 feet from end to end, features elegantly proportioned reception rooms that include a grand foyer, a 32-foot living room with exposed wood ceiling, two sunrooms — one brick-floored, the other stone-floored, and a formal dining room. The up-to-date eat-in kitchen connects to an octagonal breakfast room as well as a staff bedroom with private bathroom. Upstairs, two en suite bedrooms plus a den are joined by a sprawling master suite comprising two entrances, two bedrooms, two balconies, two dressing rooms and two bathrooms. A separate and unusually spacious guesthouse accommodates a three-car garage, a capacious family room with massive stone fireplace, two more bedrooms, 2.5 bathrooms and an office. The fully landscaped and carefully maintained grounds include expansive brick and stone terraces, lush gardens, mature shade trees and a 25-meter lap swimming pool.

The Riviera ’hood has long been popular with Hollywood types — Sydney Pollack’s former home is just down the block from the Towne estate — and current homeowners in the area include Whoopi Goldberg, Steven Spielberg, Adam Sandler, Goldie Hawn and Kurt Russell plus fallen-from-showbiz-grace comedian Bill Cosby. The home is being listed by Nick Segal and Rick Ojeda with Partners Trust.

via Variety.

Leigh Taylor-Young sells her place with picket fences

Leigh Taylor-Young sells her place with picket fences

Actress Leigh Taylor-Young and her husband, John Morton, have sold their picket-fenced house in Pacific Palisades for $3.35 million.

The Traditional-style home, built in 2014, includes a center hall, a living room with a fireplace, a dining room and a combined kitchen/family room with a fireplace and a breakfast room. The master suite features another fireplace and a sitting room for a total of five bedrooms and five bathrooms in the 4,141-square-foot house.

White trim and fencing provide visual contrast to the wood-shingle exterior. A Buddha fountain, stone terrace, mature landscaping and lawn complete the grounds.

Taylor-Young, 70, won an Emmy for her supporting role in the 1990s series “Picket Fences.” She has also appeared on “Passions,” “Sunset Beach” and “Dallas.” Taylor-Young got her television start on “Peyton Place” in the 1960s.

The house was purchased by Morton in 2007 for $3.395 million and has been leased out for the last two years as an income property at $15,000 a month.

The property came on the market in January and was in escrow in less than three weeks.

Rick Ojeda and Nick Segal of Partners Trust were the listing agents. Lynn R. Lescher of Gibson International represented the buyer.

via Los Angeles Times.

Here’s Who Pays The Most (And Least) In Property Taxes

Here’s Who Pays The Most (And Least) In Property Taxes

 

For America’s homeowners, it’s not just where you live that determines what your current property tax bill looks like relative to others.

While geography is the big factor in how much you pay, a new study from real estate database and consultancy RealtyTrac breaks it down along other lines, including how long a person has owned a home, and how much the home is worth.

It all contributed to wide variation in the average amount in property taxes paid in 2014, as well as U.S. homeowners’ average effective property tax rate—or the amount of property taxes paid as a percentage of a single-family home’s value.

Here’s a look at who paid what in U.S. property taxes in 2014.

The highest effective property tax rates last year went to people who had owned their homes from five to 15 years, at an average rate of 1.34% of the value of their single-family home.

Westchester ($56,124), New York ($38,574), and Nassau ($11,587) counties in New York, plus Marin County, Calif. ($11,422), and Bergen County, N.J. ($11,159) had the highest average 2014 property tax bills out of 1,042 counties analyzed.

The states with the highest average property taxes were New York ($15,625), New Jersey ($8,108), New Hampshire ($5,795), Connecticut ($5,646), and Hawaii ($5,024).

While the states with the lowest average property taxes were Alabama ($618), West Virginia ($931), New Mexico ($1,096), Tennessee ($1,116), and Indiana ($1,418).

New York and Alabama also had the highest and lowest effective property tax rate, at 3.01% and 0.40%, respectively.

Homes valued near the lowest and highest ends of the spectrum had the highest property tax rates in 2014, with homes worth less than $50,000 and from $2 million to $5 million paying rates of 1.68% and 1.77%, respectively. The average 2014 rate was 1.29%.

via BuzzFeed News.

Where Everyone's an Owner

Where Everyone's an Owner

 

Nick Segal left show business for a starring role in real estate. He cofounded a brokerage that gives associates equity in the company.

I never considered real estate as a career. I planned to be an actor like my uncle, George Segal. I grew up in New York and graduated from Vassar College with a Bachelor of Arts degree in dramatic arts and a minor in economics, and in 1984 I moved to Los Angeles.

I got small parts in TV shows and movies, but nothing really big. Then, while doing commercials for Hostess Pudding Pie, I met another actor who also was a real estate agent. We became friends, and I asked him to tell me what the job was all about. I thought, “Okay, I think I’d rather do that.”

Coming Up With New Ideas

I got my license in 1989 and joined a small company as its 12th agent. I really took to the business and started becoming creative. I told the owners I was getting a pretty good handle on doing listing presentations and asked if they’d like me to show the rest of the company how I did them. They said yes, and pretty soon I was doing training. Then I said, “Why don’t we offer a service guarantee?” If ever we don’t do what we say we are going to do, clients can cancel their agreements with us with a 24-hour notice. So we adopted that. Over time, I became more and more involved, both selling and managing, and became one of the owners.

By 2004 our company had grown to 650 agents in 9 offices, and we sold to Sotheby’s International Realty. I served as senior vice president and managed the Brentwood office for four years. Then four of us stepped down to form Partners Trust. We began with one office and 35 agents.

Stock Plan Draws, Retains Talent

We wanted to differentiate ourselves from other real estate brokerages and attract top agents in the area to work with us. One of the first things we did was develop an equity ownership plan. We carved out 10 percent of our company to be gifted over the first four years to those agents and staff who were willing to take a shot with our startup company.

We gave out 2 percent the first year, 3 percent the second year, 3 percent the third year, and 2 percent the fourth year. So, anyone who was with us the first year got a share of the 2 percent, based on their contributions to the company. The second year, they got a share of 3 percent, and so on. The earlier you came to work for us, the bigger the bite of the collective apple you got. The equity ownership plan is in addition to the traditional commission structure.

Dividend Checks Are Awarded

Associates receive annual dividends based on company profit and the amount of stock owned. Last year we awarded the first dividend checks. Some people got $1,000. One person got a check for $16,000. Several got $9,000.

As we expand, each new office is organized as a separate limited liability company, and 10 percent of the stock is set aside for the same ownership program for those associates. Associates have to stay with the company to keep realizing the dividends. If they leave, that stock reverts back to the company. If we were to sell the company, everyone would share in that.

Giving away 10 percent of the company stock means the founders own a smaller number of shares. I like to think I have a lesser portion of a greater good. Of course, we want to be profitable because that keeps the doors open and lights on, but we believe we have a vehicle that creates a better company and raises the integrity of the people we work with.

The Case Against Bonuses

Sure, we could have given out bonuses instead of stock, and that might have been easier and simpler. But stock is more tangible. It has more impact. It says that we’re all part of something together.

You do have to manage expectations. People who are coming on board need to understand they won’t have enough money in three years to buy a second home. It’s really about giving them skin in the game that creates loyalty and a cohesive group of people.

We’ve now grown to seven locations and more than 180 agents. Everyone has an ownership interest, and our retention rate has been tremendous. It’s north of 95 percent.

via Realtor Magazine.