Luxury Condominiums Lure Los Angeles Buyers to Hot Market

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Condos are back in a big way in Los Angeles. Overall buyer demand, low interest rates and the continued lack of single-family home listings have pushed condominium prices to record levels. Accordin…

Private Residences Los Angeles, the Fairmont Hotel Residences, the Century Plaza Towers, One Coast in Pacific Palisades, 8899 Beverly, Gardenhouse Beverly Hills. There’s also the under-construction Mandarin Oriental Residences, Beverly Hills, at 9200 Wilshire Blvd.

“We have unequaled views and location and the view equity will be intact forever,” says Tina Necrason, executive vice president, residential, Montage Intl. of the Pendry Residences. The ease of indoor/outdoor living is fundamental to the residences’Sales at the Pendry recently set records: one terrace unit sold for $4,849 per square-foot with another in the first release selling for $4,355 per square-foot.

“You don’t get the services, the care or security with houses in the hills,” notes Denton, or the advantages of association with a globally recognized brand the Four Seasons Residences provide. . Luxuries span from a dedicated, highly trained staff to refined interior design by Martyn Lawrence Bullard. A major perk for media pros: there’s an Imax private theater with seating for 18, and an adjacent lounge.

 

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