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Contractors and real estate agents reacted with alarm to the proposal ... "I think everybody's doing a knee-jerk reaction," said Ken Naquin, CEO of Louisiana Associated General Contractors. Taking flooding concerns into consideration are all well ...


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latimes.comFive women accuse actor James Franco of inappropriate or sexually exploitative behavior BUSINESS REAL ESTATE Hot Property 'Celebrity' real estate ties can be shaky — or even unreal Jim Bartsch Agents listed Paul Williams as the architect for this $40-million Beverly Hills property, yet there are no records showing that Williams worked on the home. Agents listed Paul Williams as the architect for this $40-million Beverly Hills property, yet there are no records showing that Williams worked on the home(Jim Bartsch) RDaniel Foster What’s in a name?In Los Angeles real estate, a lotA property’s connection to an A-list celebrity or renowned architect can add glamour, intrigue — and a price premium. Warner’s connection to the 1923 home, however, proved tenuous, given that building permits showed a Warner name entry for one year, 1946, with no records indicating further ownershipListing details also cited “architect Paul Williams’ artistic vision,” but there is no hard documentation proving that Williams worked on the property. CAPTION Kid Rock recently sold his Balinese-inspired compound for $9.5 million, $2.1 million less than he paid for it in 2006, in a deal completed off-market. Kid Rock recently sold his Balinese-inspired compound for $9.5 million, $2.1 million less than he paid for it in 2006, in a deal completed off-market. CAPTION Kid Rock recently sold his Balinese-inspired compound for $9.5 million, $2.1 million less than he paid for it in 2006, in a deal completed off-market. Kid Rock recently sold his Balinese-inspired compound for $9.5 million, $2.1 million less than he paid for it in 2006, in a deal completed off-market. CAPTION The party-ready home in Marina del Rey is listed for sale at $3.799 million. The party-ready home in Marina del Rey is listed for sale at $3.799 million. CAPTION Actor Phillip PKeene has a good reason for hanging out in the downstairs den of his Los Feliz home.  Actor Phillip PKeene has a good reason for hanging out in the downstairs den of his Los Feliz home.  CAPTION The Tony winner's prized possession in this room is her Steinway, but she keeps other items there that also inspire her. The Tony winner's prized possession in this room is her Steinway, but she keeps other items there that also inspire her. CAPTION Jillian Michaels retreats to the office in her Malibu home when she needs some kid-free space. Jillian Michaels retreats to the office in her Malibu home when she needs some kid-free space. “It was hard to read the architect’s name on the original plans,” said Mills, adding that the homeowner claimed it was a Williams design“We have now taken that off our paperwork.”Williams’ business papers burned during the 1992 riots, thwarting identification effortsToday, the Memphis-based Paul Revere Williams Project has confirmed 850 projects designed by Williams out of thousands of homes that he built in Los Angeles and elsewhere.“I have to see the proof, baby,” said Deborah Brackstone, archivist for the project. A fire also destroyed Southern California architect Irving Gills’ records.“I’m convinced there are a lot of Gills out there that we don’t know about,” said James Guthrie, president of the Irving JGill Foundation.Given such obstacles, and that architecture apprentices often mimicked their mentors’ designs, some real estate agents opt to safely say a home was created “in the style of” a name architect.Even when a home has been definitively tied to a well-known architect, the property, altered over the decades, may merely ghost an original designBrackstone cited a “famous Williams house in L.A.” in which “the only thing Williams designed was the facade.”She suggested that a “building biographer” be hired to sort through records when a home’s pedigree is in doubtRey and Mills often do just that, but the homeowner declined to have the property in question vetted.A celebrity tie-in doesn’t always pay off.Sometimes it burnishes a home with surface marketing allure but doesn’t attract actual buyers, agents cautionedAnd stamping an estate with a living celebrity’s name can be “sort of tacky” and smacks of exploitation, said Barry Sloane of Sotheby’s InternationalSome stories about celebrity ownership may simply be false, and many period stars rented, leaving few records.“There are a lot of Rudolph Valentino houses out there, and some of them were actually built after he died,” Sloane said“I find that amusing.”The concrete question to ask as real estate agents play the name game is perhaps, once again, Shakespearean: Would a house by any other name sell as fast, or for as high a price?Some agents interviewed claimed celebrity-owned homes can quicken the sales pace while boosting pricesAlthough that may be true for some period-owned homes, Redfin agent Alec Traub said current celebrity-owned homes can be “overvalued and overhyped.”A recent Redfin study of 60 celebrity homes found they stayed on the market for about 36 days longer than comparable homes and sell for less than the original asking priceSuch star-specific amenities as bowling alleys and horse stables may complicate sales, and the homes can be harder to show, given privacy concerns.Homes built by name architects, however, are often priced above market rates and are sought out by niche shoppers keyed to certain names.Case in point: Pierre Koenig’s iconic Case Study House No21 is listed at $4.5 million, or $3,516 per square foot, which is nearly quadruple the Redfin-cited price of $974 per square foot for the Bel Air-Beverly Crest neighborhood where it resides.hotproperty@latimes.comMORE FROM HOT PROPERTY'Biggest Loser' creator lists Britney Spears’ former home for sale in CalabasasJamie-Lynn Sigler checks out of Hollywood Hills West with home saleEx-Rams QB Jim Everett lists his home on a golf course in San Juan Capistrano Five women accuse actor James Franco of inappropriate or sexually exploitative behavior Pfizer, pocketing a big tax cut from Trump, will end investment in Alzheimer's and Parkinson's research Lawmakers look into SpaceX launch that ended with lost satellite Don't drive certain Rangers, Ford warns after Takata air bag death Downtown L.A.'s development boom heads west with a big new housing and retail complex At CES, wearables take on challenges more complex than calorie-tracking or step-counting SpaceX says it didn't lose the Zuma spy satellite and is preparing to launch Falcon Heavy NBC says Super Bowl commercials are nearly sold out, topping $5 million per 30-second spot --> Privacy Policy

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