SELLERS: Shelly Hwang and Young Lee LOCATION: Malibu, CA PRICE: $3,495,000 SIZE: 4,799 square feet, 4 bedrooms, 4 bathrooms, YOUR MAMAS NOTES: In the mid-Naughts Korean American entrepreneur Shelly Hwang and her boyfriend/architect Young Lee set out to open a tiny tea parlor in a centrally located residential section of West Hollywood, CA. Alas, the city put the ix-nay on the tea parlor after neighbors rejected their attempt to secure a booze license. Probably they were devastated at the rejection of their hooch-selling application but the repudiation became the catalyst for their bazillion dollar Plan B: a colorful, new-fangled sort of frozen yogurt shop called Pinkberry that offered a limited number of (mostly tart) flavors and a limited number of (mostly fruit and cereal) toppings at premium prices. Almost overnight the small store became a huge hit amongst all the scores and scads of Angelenos who didn’t even know they ached so intensely for a lip-pursingly tart frozen treat. Much to the chagrin of the store’s residential neighbors, chattering crowds over-whelmed the narrow street where cold snack-seeking hordes double- and triple-parked their cars and waited in line for 20, 30 and sometimes 40 minutes for taste of the somewhat icy and decidedly sour substance. The instant frenzy brought extra police to manage the swarms and meter maids to ticket the illegally-parked vehicles. Within a few short years–and the help of a near $25,000,000-plus investment by Starbucks founder Howard Schultz’s venture capital fund–perky Pinkberry stores filled with glossy white tables and multi-colored Philippe Starck-designed Ghost chairs began to pop up all over southern California and New York. Natch, Pinkberry being a phenomena that started in southern California, dressed down stars of all stripes soon began to appear in all the celebrity rags, tabs, blogs and gossip glossies spooning Pinkberry into their manicured mouths. A 2007 report in Fortune magazine revealed that the first Pinkberry store turned a profit after just four months and that with an average purchase price of $5.50 a typical store doing 1,500 servings a day could easily bring in a quarter million dollars or more in revenue per month. The near instant and continued success of Pinkberry has allowed Miz Hwang and Mister Lee to adopt and maintain a swanky lifestyle that encompasses fancy cars and a very contemporary multi-million dollar residence in Malibu, CA they recently heaved on to the market with an asking price of $3,495,000. Property records show the Pinkberry pashas only acquired the boxy and glassy residence situated high on a steep hillside above Surfrider beach in August 2008. The house was designed and built by minimal-minded Santa Monica-based architect Steve Kent who originally planned to live in the cliff-cleaving crib with his family. However, as was reported in a 2009 article in the Wall Street Journal , the newly-minted Pinkberry moguls finagled a tour of the then-not-quite-completed house and instantly made a substantial offer that would have been foolish for the architect to refuse. Records show Miz Hwang and Mister Lee coughed up $3,525,000 for crisp and clean-lined dwelling that according to current listing information, “includes membership to the new private, gated section of Rambla Pacifica,” whatever that means. Your Mama gave the well-worn beads of our long-suffering abacus a few flicks and clicks we quickly calculated the $3,525,000 purchase price converts to approximately 1,007,143 medium-sized original flavor Pinkberry servings (without topping) at $3.50 per serving . At it’s current listing price of $3,495,000, Miz Hwang and Mister Lee stand to lose $30,000 on the sale of their Malibu residence not counting carrying costs, improvement, and real estate fees. That’s about 12,000 small-sized original flavor Pinkberry servings (sans topping) at $2.50 apiece. Listing information shows the sleek house measures 4,799 square feet over three floors with a total of 4 bedrooms and 4 bathrooms. The main floor of the house lays out in one open sweep of airy space with chocolate brown-stained hardwood floors, luminous white walls, and a long row of floor-to-ceiling sliding glass doors that open to a long, cantilevered balcony with knee-buckling views and up and down the coast. A free-standing double-sided fireplace separates the living room from the dining room that itself blends seamlessly into the sybaritic (and hideously expensive) Boffi-brand kitchen complete with dual Sub-Zero frefrigerator/freezers, separate wine fridge, and an integrated Miele-brand coffee maker. A lower level media room, where Mister Lee reportedly plays a lot of video games on a 65-inch Bang & Olufsen flat-screen tee-vee our internet research reveals costs around $35,000. No puppies, that’s not a mis-print that’s $35,000 just for the damn television set. We calculate that Mister and Missus Pinkberry had to sell about 5,385 large-sized pomegranate flavor Pinkberries (without topping) at $6.50 a pop to pay for the boob-toob. Other high-tech convenience, amenities and luxuries include Toto-brand bidet toilets, an integrated FiOS system, central vacuum, and indoor and outdoor areas wired for sound. Although the house is perched and a rather precipitous slope the architect and engineers managed to squeeze out a fairly good-sized and pancake flat back/side yard shielded from the street by mature shade trees and divided in to a generous grass patch and a wide, ocean-view deck dotted with multi-colored and very modern outdoor furniture pieces. Apropos of nothing related to the real estate, listing photographs show a pair of late-model, his-and-her Rolls Royce’s parked in the driveway in front of the frosted glass garage doors deeply set into a chunky mass sheathed in extra-wide-plank, horizontally installed wood paneling. One, a gigantic 4-door Phantom sedan, has a mind-numbing base price of about $380,000–about 84,000 medium-sized green tea flavor Pinkberry servings (without topping) at $4.50 per serving–and the other, a 2-door Phantom Coupé, carries base price of $408,000, about 82,000 medium-sized original flavor Pinkberry servings (with topping) at $4.95 per serving. listing photos: Coldwell Banker Malibu Colony Link: Pinkberry Pashas List Modern Malibu Pad
Posts Tagged ‘ street ’
Bad Eating Made Easier With Pre-Packaged Bacon-Wrapped Hot Dogs
Hoffy has unleashed a double meat package of convenience, honoring L.A.’s official hot dog – the bacon-wrapped frank. One pack of Hoffy Bacon Wrapped Hot Dogs rewards you with eight pre-packaged franks bundled in bacon. more › Continue reading here: Bad Eating Made Easier With Pre-Packaged Bacon-Wrapped Hot Dogs
DEALFEED: Cole’s
The Restaurant : Cole’s The Deal : Two French dips (excluding lamb) and two sides for $19.08. When/Where : Dec 5-8; 118 East 6th Street, 213-622-4090. Read the original here: DEALFEED: Cole’s
Stirling: Hollywood in the Adelaide Hills
Julia Ormond arrives at the 2011 HBO Golden Globe Party in Beverly Hills, California, in January. See the original post: Stirling: Hollywood in the Adelaide Hills
Spring Street’s Brand New Green Bike Lane Already Needs a Fresh Coat of Paint
Have you ever washed your car the day before it rains only to have to wash it all over again? Well, something similar happened with Spring Street’s brand spanking new day-glo green bike lane . more › Here is the original post: Spring Street’s Brand New Green Bike Lane Already Needs a Fresh Coat of Paint
Spring Street’s Brand New Green Bike Lane Already Needs a Fresh Coat of Paint
Have you ever washed your car the day before it rains only to have to wash it all over again? Well, something similar happened with Spring Street’s brand spanking new day-glo green bike lane . more › Here is the original post: Spring Street’s Brand New Green Bike Lane Already Needs a Fresh Coat of Paint
Occupy LA Fears Police Raid is Imminent
A storm is brewing at the Occupy LA encampment in downtown Los Angeles – and we are hearing about it all on Twitter. Many thought Monday would be the day Occupiers bid farewell to their City Hall encampment, as an enforced closure was announced by Mayor Villaraigosa and Police Chief Charlie Beck on Friday. And yet, only 4 arrests later on Monday, the camp stood strong and the LAPD decided not to force eviction.. just yet. The LA Times reports “in the three days after the announcement, about 50% of the tents have been taken down, and many of the women and children that had been sleeping at the camp were gone.” And yet most Occupiers have remained at City Hall throughout Tuesday. Some are even up in trees, where it’s harder for LAPD to bring them down. Tonight however, Twitter is buzzing with Occupiers rallying the troops and passing around time-sensitive information about the supposed-raid: @ OccupyLA : NBC Source says LAPD Booking Station being set up at Dodger Stadium. City Buses being assembled. Arrests planned. Please Keep it Peaceful. And.. @ OccupyLA : Please be aware that once streets are blocked (very soon) by #LAPD you will not access Solidarity Park. Come now, if you are coming! ~pj Joan Donovan, an organizer with Occupy LA told HuffPost that earlier today, “cops were counting tents, basically doing a census. We have a few people living in trees right now,” she said. “I’m sure that’s a safety concern they will want to take care of.” In regards to what is anticipated for this evening, Donovan said: “We’re fairly certain that the cops are coming in tonight. They are massing buses at Dodger Stadium…We had a guy bike over there to double confirm.” Prepping protestors for an LAPD raid this evening, one Twitter user wrote: @ NaleneS : @OccupyLA write phone number for lawyers guild on your arm: 323-653-4510 #OccupyLA Technology has played a large role in the Occupy Wall Street protests – most noticeably in instances of shocking police aggression or brutality. One Twitter user wrote: @ OccupyLANews : Make sure if you shoot media of this raid and if you get arrested give your media – sim card or other cards..tapes to a friend. LAPD keeps. There appears to have been a 45-minute delay on Twitter search for #olaraid and #OccupyLA – which Occupiers are asking to get fixed immediately. Other Twitter users offer support to the now 200+ reported protestors at the Occupy LA camp: @ Lunakitten : @OccupyLA I know lots of people who can’t be there but support you. Be safe, and strong. We love you for being there. PJ Davenport, an Occupy LA activist and organizer, tells The Huffington Post from the encampment that there is “media across the street, and they have been given a line they can’t cross.” Davenport estimates 250 people are down there right now: “It’s tentative. There’s a lot of nerves in the air. Many people are sad. Some people are confused by the fact that there’s an injunction to stop this eviction and the LAPD is not going to allow the judge to hear the injunction. We hope that when the LAPD and the Occupiers come face to face tonight, they’ll see the humanity in each other.” Davenport tells us that there is talk of a raid at 8:30pm PST. Jason Cherkis contributed reporting to this piece. Go here to read the rest: Occupy LA Fears Police Raid is Imminent
The Real Estate Tale of Amar’e Stoudemire: Part I
BUYER: Amar’e Stoudemire LOCATION: Southwest Ranches, FL PRICE: $3,700,000 SIZE: 14,555 square feet, 6 bedrooms, 6.5 bathrooms (total) YOUR MAMAS NOTES: Before any of y’all get to sassin’ do hear this: Your Mama well knows we are tardy to this here celebrity property party. None-the-less, we think can offer, in our shamelessly and shamefully wind-baggish two-part series, a more complete picture of the real estate picture of New York Knick Amar’e Stoudemire who has been on a bone fide real estate tear this year that includes the recent purchase of a $3,700,000 (mc)mansion in the quasi-rural suburbs between Fort Lauderdale and Miami, FL. In early November 2011 there was bit of business in the New York Post about professional basketballer Amar’e Stoudemire putting the squeeze on his pocketbook due (in part, so goes the report) to the recent ( and now tentatively ended ) NBA lock-out, an event Your Mama does not know a damn thing about other than it means the 2011-12 season has been on hold while the players and the owners duke it out in mediation, adjudication, arbitration or whatever it is people do in big time labor disputes. It should surprise few that Your Mama had never heard of Amar’e Stoudemire–’tis entirely true–and we certainly hadn’t (and haven’t) an iota why such a daring and unexpectedly placed apostrophe dissevers his name. We took a half-hearted moment to peruse the piece in the Post and quickly scampered along without giving neither his name nor his financial matters another thought. A few weeks later along came gossip juggernaut TMZ who dropped a humid real estate nugget about this Amar’e Stoudemire person splashing out $3,700,000 to purchase a prodigious mansion in some place called Southwest Ranches, FL. That seemed to Your Mama like a pretty big purchase price for a place in sub-prime mortgage ravaged Florida that we’ve never heard of before. Our interest piqued and prodded we did some research on Mister Stoudemire that included a look-see at his recent real estate activities, which, as it turns out, have been prolific if quite costly for the highly-compensated professional dribbler. With all due respect for our scuttle butting compadres at TMZ , we discovered Mister Stoudemire’s real real estate story isn’t only about the gigantic, garish and architecturally suspicious (mc)mansion he bought in Southwest Ranches, FL for $3,700,000 but rather the several millions of dollars he’s lost on the significant number of other properties he’s recently dumped from his once-considerable property portfolio. Before we delve in to that bit of real estate bidness, let’s do the right thing and cover our celebrity real estate bases–or goal posts or whatever they have in basketball–and quickly educate the less athletically inclined puppies about just who this unusually named Amar’e Stoudemire person is and why he qualifies to be included in our (admittedly not very exclusive) celebrity real estate sights. Besides tennis and curling, as all the children know, Your Mama doesn’t know a solitary thing about sports, partick the golden triad of organized, American-style professional athletics: football, baseball and basketball. Having no recognition, recollection and/or knowledge whatsoever of just what makes Amar’e Stoudemire sports-world famous we picked up our Princess phone and dialed up our ball crazy b.f.f. Fiona Trambeau who, after shaking of her mid-day boozy-wooze with a few gargled shrieks, informed us Mister Stoudemire is a “quite young, sensationally strapping and deliciously tatted up cup of steaming hot chocolate who can handle [my] her basketballs at any time and at any place of his choosing.” She implored Your Mama, in fact, to post her mobile phone number here so Mister Stoudemire could contact her directly and–natch–we told her we would but only so as to get her to shut her lascivious trap and move on to the meat of the matter, so to speak. Of course, we have no intention of posting Miss Trambeau’s ring-a-ling digits. Your Mama could not in a thousand years subject just any curious person who might make an impromptu call to the often agitated, always saucy (and usually sauced up) Fiona Trambeau. Our Fiona would probably pee with glee were Mister Stoudemire to actually ring her telephone bell but–trust chickens–that crafty beehawtch would figure out a way to transmit mortal violence through the phone wires were just any ol’ person who isn’t Mister Stoudemaire to call because they thought it would be cute to chat up Fiona Trambeau. Besides, she’ll never read this. Fiona does do celebrities but she absolutely does not do celebrity real estate, so she’ll never know. She’s probably already forget she asked us to post the damn number anyways. Between a lathered up Fiona Trambeau and a few easily accessed articles on the interweb, we did finally learn all sorts of things including that Mister Stoudemire was a late bloomer to basketball. He only started passing and shooting in organized leagues at age 14. He took to the sport elementally and advanced quickly to become one of the best high-school ball players in all of the state of Florida. It’s not clear to Your Mama if Mister Stoudemire ever finished college or even matriculated and, honestly, either way it’s irrelevant to our tale of real estate highs and lows. What we did confirm is that in 2002, when just a young but tall ball player of 19 or 20 years old, Mister Stoudemire was drafted by the Phoenix Suns for whom he pounded the hardwoods to great acclaim and award with his hard and powerful 6’10″ frame until sometime in 2010. At that point, in early 2010, the accomplished ball player signed the necessary papers to switch his professional affiliations over to the New York Knicks who, according to some reports , were so hot and bothered to sign the then 27 year old 5-time All-Star player they agreed to pony up just shy of $100,000,000 over the course a five year contract. One hundred million dollars, puppies, and that’s not counting the additional multi-millions he can easily rake in each year from endorsement deals and the many more potential millions from his outside-basketball business endeavors that include a record label ( Hypocalypto ) and a recent assist to fashion designer Rachel Roy to create a limited line of ladies clothing described as ” court side apparel for the fashion-forward female .” Now children, Your Mama don’t know a perspiring glass of swate tay from a god damn tater tot but we do know enough about the business of women’s garmentry to make the uneducated judgement that Rachel Roy knows a thing or two about how to dress a gal on the go with a yen for clean-lined sophistication and a modest budget. However, children, in our itty-bitty pea brain, that edging-on-wanton description of the Roy/Stoudemire clothing collaboration describes something rather more dire sounding, an habiliment short on yardage and probably a little bit (too) tight and/or one-sleeved, something that aches to be worn with either a pair of sky-high porn pumps with girlish ankle-socks or some sort of faux-sporty wedge-heeled sneaker-style situation that makes a twisted mockery of both the high heel and the hard working athletic shoe. Anyhoodles poodles, in addition to spending a few million for a new (mc)mansion in Southwest Florida, Mister Stoudemire has recently divested himself of a number of other properties at considerable financial loss, a magnificent sell-off that may (or may not) have something to do with budget concerns. Simmer down, buckaroos. We’re not saying Mister Stoudemire’s broke or anything like that. We certainly ain’t privy to the particulars of Mister Stoudemire’s pocketbook and we make no claims as to his net worth, income and other cash flow, complete list of assets and/or cash reserves (or lack thereof). We’re just saying there sometimes comes a time in a very young and filthy rich man’s life–maybe a time like when an all-but-ruined 2011 season could, by his own account, keep about twenty million George Washingtons from walking their way into his coffers–when it’s prudent and wise to prune the property tree to ease up on the amount of dough required to maintain, make the mortgages and pay the rent on more than half a dozen high-priced properties on both coasts and in between. At one point in the not so distant past, before he acquired the (pseudo-)palatial pile in Southwest Ranches (FL), the property portfolio of the now New York-based power forward and center ballooned with a leased a pied-a-terre in a Donald Trump-developed complex in White Plains, NY (near where the Knicks training grounds are located), a pricy penthouse in downtown Manhattan (NY), and a house in the Hollywood Hills (CA). He also owned a sexed-up penthouse in Miami Beach plus a pair of adjacent condos in a fancy building in Phoenix, AZ as well as three high-priced and high-maintenance single-family (mc)mansions, also in Phoenix. Before we get Mister Stoudemire’s portfolio thinning, let’s first take a brief spin through Mister Stoudemire’s most recent real estate acquisition, the aforementioned mansion in Southwest Ranches, FL he picked up last month for, as per property records and previous reports, $3,700,000. A quick consult with our high-tech atlas shows this Southwest Ranches place is 35 miles northwest of South Beach, 25 miles or so southwest of the beaches of Fort Lauderdale and just a few short miles from where Flahreeduh’s Escalade-saturated suburban civilization turns to the swampy, alligator-infested Everglades. Listing information for sprawling single-story mcmansion shows it sits on 2.33 gated and landscaped acres in the Landmark Ranch Estates enclave, measures in at a considerable 14,555 square feet and includes a total of 6 bedrooms and 6.5 bathrooms. A dead-straight pavered driveway leads from the street to a perfectly harrowing porte cochere held aloft by six round columns and bizarrely topped by a petite cupola. Etched glass front doors open to a marble-floored foyer that steps down to the formal living room complete with fireplace, built-in bar area, and a swimming pool view from a wall of towering windows. A short corridor off the living room opens to a library, small home office, 4-car garage and the master suite. A butler’s pantry connects the formal dining room to the family quarters, a large laundry room and the colossal kitchen complete with commercial-grade appliances and more faux-antiqued, totally custom, no doubt shockingly expensive, eggshell-colored cabinetry adorned with copious corbels and other carved details than we’ve ever had the misfortune of seeing in one kitchen at one time. A door in the kitchen leads directly into another attached 4-car garage and a wide snack counter separates the kitchen itself from an approximately 800-square foot family room/breakfast area. The adjacent state-of-the-art home theater done up by the sellers–a man who made some of his money selling aggressively banal “art” on cruise ships–like a god damn bordello with blood red shag carpeting, red and black patterned fabric-covered walls, carved wood pilasters and nine jet black recliner-style theater seats with built-in cup holders. We get the desire for decorative drama and a spot of cliché Hollywood glamor in a home movie theater, but lowerd have mercy, no. Three family bedrooms pinwheel around a playroom space and share three bathrooms in a separate wing off the kitchen/family room complex. The master suite occupies it’s own private wing at the opposite end of the house and includes a large bedroom and sitting area with built-in entertainment center, a wall of windows and French doors that open to a covered veranda, two bedroom-sized walk-in closets, a separate exercise room, and a super-sized beige marble bathroom with twin vanities, his and her enclosed crapper cubicles–hers has a bee-day too–and a jetted soaking tub for two and separate
Will the LAPD Raid Occupy LA Overnight?
Will the Los Angeles Police Department, under orders from Mayor Antonio Villaraigosa, conduct a “raid” on the Occupy LA camp at City Hall at 12:01 a.m. Monday? We will be watching and liveblogging as the eviction deadline comes and goes. more › Go here to see the original: Will the LAPD Raid Occupy LA Overnight?
Occupy LA Protesters Defy Mayor, Refuse To Leave Encampment
LOS ANGELES — Wall Street protesters in Los Angeles defied the mayor’s early Monday deadline to vacate their encampment near City Hall, with about 1,000 flooding into the area as hundreds of tents remained standing as they have for nearly two months. A celebratory atmosphere filled the night with protesters milling about the park and streets by City Hall in seeming good spirits. A group on bicycles circled the block, one of them in a cow suit. Organizers led chants with a bull horn. “The best way to keep a non-violent movement non-violent is to throw a party, and keep it festive and atmospheric,” said Brian Masterson. Police presence was slight right after the 12:01 a.m. PST Monday deadline, but it began increasing as the morning wore on. At the same time, the number of protesters dwindled. “People have been pretty cooperative tonight. We want to keep it peaceful,” police Cmdr. Andrew Smith told The Associated Press. He refused to discuss how or when police will move to clear the park, but he said: “We’re going to do this as gently as we possibly can. Our goal is not to have anybody arrested. Our goal is not to have to use force.” By 2:30 a.m., most protesters had moved from the camp site in the park to the streets. That put them technically in compliance with the mayor’s eviction order, but could lead to confrontation with police if they try to clear the streets. There have so far been no arrests or reports of violence. “We’re still here, it’s after 12, ain’t nobody throwing anything at the cops, they haven’t come in and broken anyone’s noses yet, so it’s a beautiful thing,” said Adam Rice, a protester standing across the street from police in riot gear. The Los Angeles showdown follows police actions in other cities – sometimes involving the use of pepper spray and tear gas – that resulted in the removal of long-situated demonstration sites. Some of those encampments had been in use almost since the movement against economic disparity and perceived corporate greed began with Occupy Wall Street in Manhattan two months ago. Mayor Antonio Villaraigosa said earlier that the park grounds would be closed after the deadline, while Police Chief Charlie Beck promised that arrests would eventually be made if protesters did not comply. But in a statement issued shortly before midnight, the mayor said police “will allow campers ample time to remove their belongings peacefully and without disruption.” As the deadline approached, people poured into the grounds, likely many of them answering calls on Facebook and Twitter to come out and show solidarity. Well after midnight, some protesters began marching into the streets, and several crossed the street to police headquarters. “Me and my friends, we are not leaving no matter what,” said Brian Guzman, who stood on the street corner holding a “Power to the People” sign. “Not until we get some changes.” Masterson said he had turned his own tent into a “non-violent booby trap” by filling it with sandbags to make it tough to tear down. “We can’t beat the LAPD, but we can make it difficult for them to do their job, and have fun while we’re doing it,” Masterson said. Elsewhere, a deadline set by the city for Occupy Philadelphia to leave the site where it has camped for nearly two months passed Sunday without any arrests. The scene outside Philadelphia’s City Hall was quiet most of Sunday and by early Monday the numbers of protesters – and police officers – had decreased. Philadelphia’s protesters have managed to avoid aggressive confrontations so far. By early Monday there was still hope the City of Brotherly Love would continue to be largely violence-free. But eight people were arrested in Maine Sunday after protesters in the Occupy Augusta encampment in Capitol Park took down their tents and packed their camping gear after being told to get a permit or move their shelters. In Los Angeles, some campers packed up their tents and belongings to avoid police trouble, but said they intended to return without them in support of their fellow protesters. Scott Shuster was one of those breaking down his camp, but he said it was only to protect his property and he planned to remain. “I just don’t want to lose my tent,” he said. Others moved their tents to the sidewalk so they were technically out of the park. Villaraigosa, a former labor organizer himself, has said he sympathizes with the movement but that he felt it was time it moved beyond holding on to “a particular patch of park.” He said public health and safety could not be sustained for a long period. Chief Charlie Beck told the Los Angeles Times in an interview published Sunday that he expected to make arrests at some point. “I have no illusions that everybody is going to leave,” Beck said. “We anticipate that we will have to make arrests.” Read more from the original source: Occupy LA Protesters Defy Mayor, Refuse To Leave Encampment