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Stewart Penn - Los Angeles Condo Specialist (Penn Properties ): Real Estate Agent in West Hollywood, CA Featured Real Estate Agent:
Stewart Penn - Los Angeles Condo Specialist (Penn Properties )
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West Hollywood

Penn Properties - An Independent Real Estate Brokerage serving Buyers & Sellers in West Hollywood, Hollywood Hills, Sunset Strip, Beverly Hills and the Greater Los Angeles Area. DRE #01339266


Penn Properties - Los Angeles Real Estate: Real Estate Brokerage in West Hollywood, CA Featured Real Estate Brokerage:
Penn Properties - Los Angeles Real Estate
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CreditKarma.com - Free Credit Report and Credit Scores By: Stewart Penn - Los Angeles Condo Specialist (Penn Properties )

I was interested to read about CreditKarma.com, an online company that supplies registered users with their credit report and credit scores for free.
Unlike other companies that supply credit reports that advertise free reports but actually end up charging for their services, CreditKarma.com is truly free for consumers.
The company
(5 comments)
West Hollywood Real Estate - The Empire West By: Dom Naidoo - Pacific Palisades Real Estate (Westside Properties)
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There are so many stunning homes in The Bird Streets that I know thatall ofmy rich kidswould love that I could blog exclusively about this neighborhood all day long and never get tired of it! Since I haven't showcased a home in this area for a while, I thought I would
(0 comments)
Neighborhood Snapshot - Life Behind the Chateau Marmont By: Matt Sweeney (Rich Kids Real Estate Group)
I feel like this is Oprah's "My Favorite Things Week",but instead ofgiving youthe latest Dustbuster (do they even make thoseanymore) or Panini Maker, I am treating you to some of my favorite streets/neighborhoods that you may not be aware of. This is especially for the newer rich kids who haven't discovered
(2 comments)
The Sunset Strip Is Getting A Major Facelift By: Stewart Penn - Los Angeles Condo Specialist (Penn Properties )

The Famous (or infamous) Sunset Strip in West Hollywood is about to receive a $6.5 Million facelift after more than 75 years of use - $5.4 Million in city funding and $1.1 Million from the federal stimulus package.
Sunset Blvd is a major arterial street serving more than 60,000 commuters
(4 comments)
West Hollywood Condo Market Improving - November 2009 By: Stewart Penn - Los Angeles Condo Specialist (Penn Properties )
It's my opinion that the West Hollywood condo market is improving!
This month there have already been a healthy number of closings with two units selling above the magical $1 Million mark and there have also been a few units in the popular price range of $600,000 - $700,000.
1100 Alta
(4 comments)
West Hollywood Condo Sales - October 2009 By: Stewart Penn - Los Angeles Condo Specialist (Penn Properties )

West Hollywood Condos - Market Report for October 2009 (September/August 2009)
Average Selling Price: $514,000 ($523,000 / $509,560)
Average List Price: $591,000 ($539,300 / $538,774)
Median Price: $462,500 ($494,500 / $450,000)
Total Sold in Dollars: $14,386,000 ($12,551,000 / $15,796,000)
Number of Units Sold:28 (24/31)
Lowest Price Condo Sold: $235,000
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West Hollywood Real Estate Market Report By: Johnny Burke (Keller Williams Realty)
There were 5SFR sales in October in theWest Hollywoodarea, with the YTDaverage at $605/sq. ft.- down 17% from the 2006 market peak of $731/sq. ft. According to the MLS there are 72 active SFRlistings, an average of 4.8 sales /month YTD which gives us an inventory of 15 months supply. REO,
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I have a new lease listing that has just hit the market today! Many of you know that prior to starting Rich Kids Real Estate Group, I was the senior sales person for The Rob Clark condos through Hilton and Hyland, just one block from the heart of the Robertson shopping
(2 comments)
Royal Lofts Aboard Oasis of the Seas - Royal Caribbean By: Stewart Penn - Los Angeles Condo Specialist (Penn Properties )
Royal Lofts aboard Oasis of the Seas - Royal Caribbean
Royal Caribbean has taken delivery of its newest addition to its fleet of cruise ships, "Oasis of the Seas".
At an estimated cost of $1.5 Billion this is the world's biggest and most expensive cruise ships ever to set sail. The
(8 comments)
Rich Kids Real Estate Group is pleased to announce the sale of 7917 Willoughby, PH7 in West Hollywood (2br/2ba - 1701 sq ft)with apurchase price of $875,000. This is one of the most architecturally dynamic units I have ever been in. Designed by famed local architect Lorcan O' Herlihy, the penthouse
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The New Mercedes Benz Hybrid SLK - Fact or Fiction? By: Stewart Penn - Los Angeles Condo Specialist (Penn Properties )



Is Mercedes really about to launch a Gullwing, hybrid SLK?
Several Auto Blogs (following the lead from Auto Express) are featuring articles about a new hybrid Mercedes.
Daimler Benz has a 10% investment in Tesla Motors, currently the only manufacturer of an all electric car prodcution car -
(7 comments)
Have you heard of Re-Remics? By: Stewart Penn - Los Angeles Condo Specialist (Penn Properties )
As the dust settles after the near collapse of the world's financial system last year, it's back to the smoke-and-mirror tricks that helped cause the crisis in the first place.
I'm specifically referring to Re-Remics - "the resecuritization of real estate mortgage investment conduits".
Basically this involves repackaging existingcollateralized debt obligations
(3 comments)
Surprising Good News - The Economy Returns To Growth By: Stewart Penn - Los Angeles Condo Specialist (Penn Properties )
Surprising Good News - The Economy Returns To Growth
Reuters - "The U.S. economy grew in the third quarter for the first time in more than a year as government helped lift consumer spending and home building."
The surprisingly good news that the economy grew at an annual rate of 3.5%
(3 comments)
Why Do Banks Exist? By: Stewart Penn - Los Angeles Condo Specialist (Penn Properties )
Why Do Banks Exist?
With all the talk and controversy about bailed out banks being forced to cap the compensation to senior executives and high-risk traders, I started to think about why banks exist.
Sure, banks serve the customers that utilize their services (safe-keeping of cash, paying out checks, accepting deposits
(12 comments)
"Outrage" - An Expose By: Stewart Penn - Los Angeles Condo Specialist (Penn Properties )
I'm not sure why but I missed this movie when it was shown in theatres earlier this year. Fortunately I noticed it on HBO this weekend and had the opportunity of seeing it.
"Outrage" is a documentary about exposing hypocritical closeted politicians who vote against gay interests in an effort to
(12 comments)
HOA Reserves Become a Critical Issue When Selling a Condo By: Stewart Penn - Los Angeles Condo Specialist (Penn Properties )
Homeowner Association's Reserve Studies have become a critical issue when selling a condo.
"A Reserve Study is a document prepared by an outside company for the administration of a property with multiple owners, such as a condominium association or Homeowner's association (HOA), containing an assessment of the state of the commonly
(8 comments)
MAGIC MOUSE - New from Apple By: Stewart Penn - Los Angeles Condo Specialist (Penn Properties )
MAGIC MOUSE - The advanced new mouse from Apple
As expected, Apple's newest product is impressive. I'm referring to the MAGIC MOUSE, the first mult-touch mouse that has no buttons .... the mouse itself is the button. Magic Mouse replaces Apple's previous wireless mouse.
The Magic Mouse is sleek and ergonomically
(9 comments)
West Hollywood Annual Halloween Carnaval and Parade - A Must See! By: Jane Peters Los Angeles Living, Los Angeles Homes (BRC Realty Group)
The West Hollywood Annual Halloween Parade is a must-see for those who have never been.West Hollywood became an incorporated city within Los Angeles County in 1984 and three years later the parade started.This parade is the world's largest Halloween party attended by over 450,000 people, making it the sixth largest city
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West Hollywood's Annual Halloween Carnaval By: Stewart Penn - Los Angeles Condo Specialist (Penn Properties )
West Hollywood's Annual Halloween Carnaval - October 31, 2009
Santa Monica Boulevard will once again pulse with excitement when as many as 500,000 visitors are expected to flock to the famous boulevard for the notorious 2009 West Hollywood Halloween Costume Carnaval on Saturday, October 31, 2009 from 6-11pm.
The City offers
(7 comments)
LA's most Expensive Condo Listing - The Century - $16,500,000 By: Stewart Penn - Los Angeles Condo Specialist (Penn Properties )
LA's Most Expensive Condo Listing - 2055 Avenue of the Stars #PH37B, Century City - $16,500,000
In case you're curious I thought I'd share the details from The MLS about the most expensive condo currently listed in Los Angeles.
The 6700 sq ft 3-Bed 4.5-Bath Penthouse is located in The Century(in
(10 comments)
Philippe - A New Restaurant on Melrose Ave in West Hollywood By: Stewart Penn - Los Angeles Condo Specialist (Penn Properties )

Philippe - A New Restaurant in West Hollywood - 8284 Melrose Ave, Los Angeles, CA 90046
Prominent chef Philippe Chow (of Mr. Chow fame) has opened a new restaurant on trendy Melrose Ave in the space previously occupied by Aston Kutcher's Dolce Restaurant. The newly decorated space is stark black
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If you are a rich kid with no limits to what you can spend and want the ultimate in LA chic, than this is the unit and building for you. Sierra Towers is considered to be the most prestigious full service highrisebuilding in Los Angeles. Consisting of 146 units, nestled on
(3 comments)
Balloon Boy - Why all the TV Coverage? By: Stewart Penn - Los Angeles Condo Specialist (Penn Properties )
Balloon Boy - Why all the TV Coverage?
I was amazed to see the Network News coverage of the Balloon Boy story yesterday.
Wolf Blitzer (for whom I have enormous respect) spent much of the time on yesterday's "The Situation Room" tracking the unmanned home-made balloon that floated across the Colorado
(15 comments)
I have been to 999 Doheny on several occasions to check out units for either lease clients or potential buyers. Typically I always endup leaving disappointed, as I have not once seen a unit in the buildingthat I or anyone I know would be interested in. Whenever people ask my opinion
(0 comments)

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