Hugh Evans Named as 2018 Variety Magazine Showbiz Real Estate Elite
Hugh Evans Named as 2018 Variety Magazine Showbiz Real Estate Elite
Pacific Union Int’l Brand
Signaling the ongoing power of the Southern California market, Pacific Union Intl., the West Coast’s leading luxury real estate brand and the eighth-largest real estate brokerage in the U.S., launched on Jan. 1 in the Los Angeles market. It marks Pacific Union’s largest expansion yet and unites a team of more than 900 Realtors from three independent luxury brokerages — John Aaroe Group, Partners Trust and Gibson Intl. — under the new brand, with Nick Segal, formerly CEO/founder of Partners Trust, named president of Pacific Union Intl. Southern California. Pacific Union now has more than 1,700 real estate professionals across 51 offices throughout California, projecting sales volume of $18 billion in 2018. The company closed more than $6.8 billion in L.A. sales in 2017.
“The West Side market continues to validate that buyers will pay a premium for what they love and it’s up to savvy builders to stay ahead of that creative curve,” says F. Ron Smith, who, with team partner David Berg, hit just under $200 million in sales in 2017. They are currently pre-marketing a $19.5 million architectural Bel-Air compound.
Craig Strong, who closed more than $100 million in sales last year, currently has the Bob Hope Estate offered at $22 million. He says: “The higher and lower market is still steady. Price your house right and it will sell. We are still seeing multiple offers.”
Hugh Evans III, with $2.5 billion-plus career sales, sold 748 Amalfi for $13.4 million, setting a price-per-sq.-ft. record in Pacific Palisades, and has 1143 Ravoli Dr. coming to the market in March. “Pacific Palisades continues to be one of the most desirable neighborhoods in Southern California. With the [Rick] Caruso [Palisades Village] project nearing completion and the lack of inventory, the Palisades should be well insulated from a downturn in local real estate and the economy in general.”
Richard Stearns, with nearly $100 million in 2017 sales and more than $2 billion in his career, sold The Reagan Estate in Pacific Palisades for $22 million and has the Warner/Sheinbaum estate under contract. “L.A., and particularly along the ocean and in the hills with views, continues to be among the greatest places on Earth to live.”
via Variety Magazine.