Renovation Romance: Corbin Bernsen and Amanda Pays On House Flipping and Family

It’s hard to say what’s rarer: a Hollywood marriage that’s lasted almost three decades or one that’s survived a renovation. But when you’re talking about the husband-and-wife pair of Corbin Bernsen and Amanda Pays, who celebrated their 30th anniversary this year, renovations are woven into the fabric of their union.

The pair is well known, not just for their acting and other Hollywood-related efforts, but also for their prowess in real estate circles. Together, they have renovated 23 houses, mostly in and around Los Angeles. After selling their last project house in Sherman Oaks, the pair may soon be taking on the East Coast or possibly France, where they own a farmhouse and where a “Flipping France” TV show is in the works. Geographically unencumbered, now that their four boys are “off to college and making their way in the world,” says Bernsen, anything is possible.

In between mulling their next move and preparing to publish Pays’ coffee table book with Gibbs-Smith, “OPEN HOUSE — Reinventing Space for Simple Living,” the pair talked to us about what it takes to execute a successful flip, their evolution of style and what they’ve learned along the way.  READ MORE

What are you waiting for?

CB InsideOut

As Ms. Stefani once famously sang, “What You Waiting For?”

Tucked behind a guard gated entry in the exclusive community “The Summit” and with a second gate leading to a 250-foot private driveway, this bold architectural boasts an enviable location on a ridge overlooking Beverly Hills and Studio City. It’s also the reported home of Gwen Stefani, which was recently listed for sale at $35 million, according to ForbesMansion Global and other news outlets. The listing is held by Jade Mills of Coldwell Banker Residential Brokerage in Beverly Hills and Stephen Shapiro of Westside Estate Agency Inc.

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(Read More from CB INSIDEOUT)

Cindy Crawford and Rande Gerber seek $60 million for model Malibu compound

Hot Property | Cindy Crawford & Rande Gerber

Supermodel Cindy Crawford and her husband, businessman Rande Gerber, appear to have the model down for home-flipping.

A year ago they more than doubled their investment on a traditional-style home in Malibu. Now the couple is looking for a big score, listing a compound in the Encinal Bluffs area for $60 million — $8.5 million more than what they paid for it a year ago.

Set on a bluff of roughly 3.2 acres, the gated estate has a tennis court, park like grounds and a footpath to the beach below.

The Mediterranean-style main house, built in 1944 and newly renovated, is designed for indoor-outdoor living and has walls of glass that open to ocean-facing, wrap-around decks.

Living and dining rooms, a media room and a chef’s kitchen with a large island and a breakfast bar are within nearly 5,300 square feet of living space. The ocean-view master suite has a fireplace, a separate sitting area and his and her’s bathrooms for a total of four bedrooms and 5.5 bathrooms.

A swimming pool and spa, an outdoor pavilion, lawns and mature landscaping complete the coastal setting.

Christopher Cortazzo of Coldwell Banker and Kurt Rappaport of Westside Estate Agency hold the listing.

The 50-year-old Crawford took to modeling in her teenage years and has appeared on hundreds of magazine covers. Her life story, “Becoming,” was released last year.

Gerber, 54, is a former model and a nightlife industry businessman. He co-founded the tequila brand Casamigos with actor George Clooney.

neal.leitereg@latimes.com

Twitter: @NJLeitereg

Singer-songwriter Pink sells her tropical spot in Malibu for $12.5 million

Hot Property | Pink & Carey Hart

Hot Property | Pink & Carey Hart

Hot Property | Pink & Carey Hart
Hot Property | Pink & Carey Hart
Hot Property | Pink & Carey Hart
By Neal J. Leitereg

Grammy-winning singer-songwriter Pink and her husband, retired motorcycle racer Carey Hart, have sold their home in a gated Malibu community for $12.5 million.

Sitting on more than an acre in the Point Dume area, the Balinese-inspired estate includes a main house, a guest house and a lawn-surrounded swimming pool and spa. A private pathway leads away from the property to the beach.

For more info click here – LA Times

Aston Martin’s Bond-Worthy New Powerboat

AM 37

Forget the iconic submarine car in “The Spy Who Loved Me” or the wooden fishing boat in “Quantam of Solace.” The next James Bond now has a much more stylish maritime ride: the 37-foot Aston Martin AM37 powerboat, just unveiled at the Monaco Yacht Show this week.  The new day-cruiser — offered in two versions — marks the iconic British motoring brand’s thrilling entry into the nautical world.

The gorgeous powerboat is everything you’d expect from a luxury automaker that has been Bond’s sports car of choice for over five decades. Clean, sleek lines. The latest technology. Bespoke craftsmanship. According to Matthew Clarke, general manager of marketing and communications for Aston Martin in The Americas, “the AM37 is intended as a translation of our brand DNA into a maritime concept.” The idea, he says was to challenge the status quo.

They succeeded.

Still, we are dying to know how this enviable, high-octane water vessel came to fruition…and just how, and when, can we get our hands on one?

Read more…Previews Inside Out

Have you seen this Malibu beach house?

5 Beds 5 Baths 6,640 Sq ft        $13,450,000.

Property Details

Southern California home sales soar in June; prices climb 5.7%

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The Southern California housing market, known for its dramatic swings, is settling into a more normal, healthy pattern.

Home sales are up. All-cash and investor purchases are down. And home prices are rising at a more sustainable pace than in the last few years.

Economists said those factors put the regional housing market on a path for growth that won’t wash away in a tsunami of foreclosures and ruined credit scores.

“The healing continues,” said Stuart Gabriel, director of UCLA’s Ziman Center for Real Estate.

On Thursday, fresh evidence of that trend emerged in a report from CoreLogic. Home sales posted a sizable 18.1% pop in June from a year earlier, while the median price rose 5.7% from June 2014 to $442,000, the real estate data firm said.

The sales increase, the largest in nearly three years, put the number of sales just 9.6% below average, CoreLogic said. A year ago, sales were nearly 24% below average.

Notably, it appears more families are entering the market as the economy improves. Although still elevated in comparison to long-term averages, the share of absentee buyers — mostly investors — slid to 21.1%, the lowest percentage since April 2010, CoreLogic said.

“This is the real recovery,” Christopher Thornberg, founding partner of Beacon Economics, said of a market where increasingly buyers actually want to live in the houses they purchase. “The last was the investor recovery.”

Sustained job growth has given more people the confidence to buy houses, CoreLogic analyst Andrew LePage said. California added a robust 54,200 jobs in May, one of the strongest showings in the last year.

The housing market improvement extends nationally, with sales of previously owned homes up in May to the highest pace in nearly six years, partly because more first-time buyers entered the market, according to data from the National Assn. of Realtors.

One factor driving deals is an expected decision from the Federal Reserve to raise its short-term interest rate later this year, real estate agents say.

In response, families rushed to lock in historically low rates this spring, agents say. CoreLogic’s sales figures represent closed deals, meaning most went into escrow during May.

Leslie Appleton-Young, chief economist for the California Assn. of Realtors, cautioned that the market still has too few homes for sale and that prices have risen to a point where many can’t afford a house.

Please see the original LA Times article by Andrew Khouri for more info by clicking here.