Bloft

January 30th, 2012 2:55 PM
The Loftway report started after I read the book from Barbara Corcoran and the Corcoran Group. The book tells the story of The Corcoran group, a brokerage in NY that was started by her with $1000 and grew to become one of the biggest in the Manhattan Real Estate world. The company  ended up selling for more than $70 Million later. 
The report is a collection of sales data about the market that is published quarterly on the New York times until this day. The Loftway report will be an annually report that will be very informative for future and current downtown condo owners.

Posted by Christiano Sampaio on January 30th, 2012 2:55 PMPost a Comment (0)

January 9th, 2012 12:23 PM
I thought this was very interesting and it amazes me that Rio and Sao Paulo are below the 15th place. I actually just came back from there and in fact everything there is very expensive. Another surprise was to see that LA is not even on the top 50. 

Rank 2011
Rank 2010
City
Country
1
1
LuandaAngola
2
2
TokyoJapan
3
3
NdjamenaChad
4
4
MoscowRussia
5
5
GenevaSwitzerland
6
6
OsakaJapan
7
8
ZurichSwitzerland
8
11
SingaporeSingapore
9
9
Hong KongHong Kong
10
21
Sao PauloBrazil
11
19
NagoyaJapan
=12
7
LibrevilleGabon
=12
29
Rio de JaneiroBrazil
14
24
SydneyAusralia
15
11
OsloNoway
16
22
BernSwitzerland
17
17
CopenhagenDenmark
18
17
LondonUK
19
14
SeoulSouth Korea
20
16
BeijingChina
=21
25
ShanghaiChina
=21
33
MelbourmeAustralia
23
23
NiameyNiger
24
19
Tel AvivIsrael
=25
13
VictoriaSeychelles
=25
15
MilanItaly
27
17
ParisFrance
28
67
OugadougopuBurkina Faso
29
30
St PetersburgRussia
30
60
PerthAustralia
31
55
BrisbaneAustralia
32
27
New York CityUSA
33
70
BrasiliaBrazil
=34
26
RomeItaly
=34
74
CanberraAustralia
36
28
ViennaAustria
37
38
NoumeaNew Caledonia
38
38
GuangzhouChina
=39
62
DjiboutiDjibouti
=39
76
StockholmSweden
41
62
LagosNigeria
42
31
HelsinkiFinland
43
42
ShenzenChina
=44
32
DakarSenegal
=44
141
KartoumSudan
46
90
AdelaideAustralia
47
47
PragueCzech Republic
48
36
BakuAzerbaijan
49
33
BanguiCentral African Republic
50
35
AmsterdamNetherlands
Research by Mercer Consulting.

Posted by Christiano Sampaio on January 9th, 2012 12:23 PMPost a Comment (0)

December 19th, 2011 9:18 AM
There is a new Loft project in Los Feliz, its called the Rowena Lofts. Six Loft style homes with their own addresses. They are tri level and have two car private garages. I was not able to get inside yet, but it seems like a nice project. There are not too many Loft options in Los Feliz and we welcome all the new projects. Please contact me to get in before the rest, there are only six, so hurry.

Posted by Christiano Sampaio on December 19th, 2011 9:18 AMPost a Comment (0)

December 12th, 2011 9:32 AM
My listing at Molino is available again for Lease. This loft is all done and great for an artist. It has a lot of wall space and great character with brick walls and distressed hardwood floors. You can see the listing here: www.loftway.com/214

Posted by Christiano Sampaio on December 12th, 2011 9:32 AMPost a Comment (0)

November 23rd, 2011 12:07 PM
I decided to publish a semi annual report about important data in Downtown LA. It will be called The Loftway Report and will have information that buyers and other individuals can benefit from when investing in Downtown LA. Unlike the report published by BID, this will be more detailed and will be focus on residential Sales data and Real Estate companies.

Posted by Christiano Sampaio on November 23rd, 2011 12:07 PMPost a Comment (0)

November 16th, 2011 10:29 AM
They just did this study about Downtown. If you or anybody you know wants to buy or invest in Downtown thats a great toll. This is juts the picture I have the full study at my office.


Posted by Christiano Sampaio on November 16th, 2011 10:29 AMPost a Comment (0)

November 10th, 2011 5:05 PM
I decided to give Twitter another try. I liked the Facebook Loftway page because was easier to use on my phone, but I juts connected my Twitter account to Facebook. I will try to Tweet everyday to show followers a bit of the Loft/Architectural homes Real Estate world and my day to day adventures. Stay tune! 

Posted by Christiano Sampaio on November 10th, 2011 5:05 PMPost a Comment (0)

November 3rd, 2011 10:13 AM
For those of you that are not familiar, this is one of the most expensive condos in LA. Comparing to this building all Downtown condos seem like a amazing deal.
Curbed LA had a write up on it:

2011.10_sierratowers.jpg
Image via THR

The Hollywood Reporter digs up the real estate fun facts this week on West Hollywood's 146 unit Sierra Towers condo building (yes, it's just one building), the very expensive celebrity magnet on the border of Beverly Hills. The 31 story Sierra Towers "is effectively irreplaceable because current zoning restrictions would make it difficult to build such a tower in West Hollywood, where it is the tallest building." Not to mention, it's just down the street from Soho House. THR dishes both rumors and facts:

Rumors:

-- Sierra Towers was originally in Beverly Hills, but Bev Hillers wouldn't stand for that kind of height, so LA County annexed the property (the building opened in 1966, when WeHo was still unincorporated county land).

-- Construction stalled out at one point, but Frank Sinatra really needed an apartment for his mother, so he helped get work jump-started again.

-- Towers is plural because there were once plans to build a second tower.

Truths:

-- When the Sierra Towers first went condo in 1974, one bedrooms went for $70,500 and three bedrooms went for $152,500.

-- Post-recession, things are looking up at ST. In 2009, only one unit sold. In 2010, eight units sold, at an average of $1.6 million. And so far in 2011, ten units have sold publicly, at an average of $2.1 million. An insider says three more units have sold off market.

-- Five units, including a $9.5 million penthouse, are currently up for sale.

-- The building only has two elevators, which eighties video girl Tawny Kitaen complains made it difficult to remodel.

-- Courteney Cox recently picked up a two bedroom unit (she's downsizing from that A. Quincy Jones spread in Trousdale).

-- Both Alexis Carrington (Joan Collins) and Dominique Deveraux (Diahann Carroll) live in the building.

-- Elton John's ten month old Zachary has his own unit adjacent to John and David Furnish's unit.


Posted by Christiano Sampaio on November 3rd, 2011 10:13 AMPost a Comment (0)

October 20th, 2011 12:13 PM
Loftway just listed two PEGASUS penthouses for lease. They are both corner units with private patios and are very nice. For the ones that have not been to Pegasus yet, this building is very well located and Caffe Primo just opened downstairs. Call us for a private tour.

Posted by Christiano Sampaio on October 20th, 2011 12:13 PMPost a Comment (0)

October 13th, 2011 10:50 AM
Good story about this on going dilema:

Growing up in Boston and having gone to school in Cambridge, I had a strong conviction of East Coast superiority. I loved the history of Boston, the competitiveness in Cambridge, and, after spending two summers in New York, the pace of Manhattan. There was a gritty, dog-eat-dog mentality that permeated throughout the city, both up in the boardrooms and down on the streets. There was a toughness and an urgency that New York required, as evidenced by the fast walking, fast talking culture. And even though the suits could be parading around with million-dollar bank accounts, they all still carried themselves as if entering the school of hard knocks: brows furrowed, collars up, and wielding a vast repertoire of profanity.

Even with its rat-race culture, I loved New York. During my senior year of college, I interviewed solely for jobs that were based in the city. Having grown up in the ambitious East Coast lifestyle, it just seemed like a natural progression to move to Manhattan, with its promise of hard work begetting career advancement.

img_0387I ultimately accepted an offer to work in a program which required a year in New York and a year in Los Angeles. When I got my first assignment, I was devastated to learn that I was starting in California. On a cold, wintry day in Boston, I packed my bags and flew out to the West Coast. I figured I’d just wait it out for a year until I got back to New York, where my career would actually begin. After all, LA was about its actors and singers, smoke and mirrors, and Britney and Kevin. Instead of M&A, I figured I’d just find T&A. It certainly wasn’t the same type of professional environment that I expected in New York.

img_0383Throughout my year in LA, I did encounter many examples of the superficiality that I expected when I first came to California. Most conversations centered around the gym, the beach, or the latest celebrity debacle. Meeting people out on the town invariably turned into a casting session. There was an endless supply of aspiring actors, models, and dancers moonlighting as waiters, secretaries, and personal trainers. There was a sleepy, slow pace to LA, where people mostly ambled along. Furrowed brows and premature wrinkles were nonexistent, if not for the worry-free lifestyle, then for the rampant use of Botox.

img_0271To my surprise, I found myself drawn to many aspects of the laid-back, West Coast lifestyle. One huge part of this was the weather. When I first arrived at the Burbank airport in January, I was greeted by 65 degree weather and bundled-up Californians. My landlord, wearing a thick black parka, apologized for how cold it was. (Over my year in LA, I could count on one hand how many times it rained. Almost 90% of the days were over 70 degrees and sunny…even in “winter”. I remember going to the beach in February, and just like in the Corona commercial, feeling disappointed when a cloud would appear in the bright blue sky.) The beautiful weather was something I didn’t expect, and it seemed to justify the slow pace of LA. Lying on the Santa Monica beach in the middle of March, I remember feeling rather smug–while my friends back in New York were shuttered away in their tiny apartments, I was out on the beach every weekend, enjoying the sun. While they were trekking through snow and maneuvering through the NYC subway system, I was cruising down Ventura boulevard in my car, windows down, radio blaring. While they were working weekends and long hours, I was putting in ten-hour days at most, with enough time to go to the gym and still get a margarita after work.

img_0281Yet even with this carefree lifestyle, there were often times when I felt anxious about the life I was living. I almost didn’t want to get too comfortable… it seemed like I was getting complacent or soft. I worried that I was losing my drive and ambition to the allure of comfort and sun. I didn’t want to become the stereotypical airhead Californian, without a care in the world. I’d think of the negatives of living in LA (the superficial people, the earthquakes, the traffic, and the smog) and remind myself of my East Coast convictions. I was bred to be a New Yorker after all, and there was some built-in angst that I had to have. Even with all the comforts out on the West Coast, I was never free from anxiety about my career, future, and ambitions.

A week ago, I moved back to New York to start the second year of my program. As I sat at my austere desk and looked out on the gray horizon, I missed the carefree days of life in sunny California. I can’t help but reminisce about LA and its anti-New York philosophies: work to live, don’t live to work. Life’s too short. Don’t worry, be happy.

A year ago, I would have thought that these philosophies were just an excuse for being weak, lazy, and of course, soft. Now, I’m not so sure. I don’t think I can ever completely embrace either side. As much as I loved LA, perhaps I’m programmed to feel guilt for “settling” or being too comfortable. Perhaps I can’t shake that gnawing ambition and ensuing anxiety. But now that I’ve seen how the other half lives, I don’t think I can bear the rat race of New York. I’m still awed by the intensity and energy of the city, but I’m not quite as keen to be immersed in it. Maybe that means I’m more willing to sacrifice career for life, in order to have fewer wrinkles when I’m older. Or, maybe I just need a few more weeks to get used to the fast pace of NYC again.

At some point I’ll have to choose… but I’m probably just not ready to do it now.


Posted by Christiano Sampaio on October 13th, 2011 10:50 AMPost a Comment (0)

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