The Hollywood Reporter’s annual list of “Hollywood’s Top 25 Real Estate Agents” is out and, once again, Westside Estate Agency is honored to be included. This year, two of our agents ranked among the best.
Below is what The Hollywood Reporter had to say about WEA’s Kurt Rappaport and Fred Bernstein.
6:15 AM 9/16/2016 by Peter Kiefer
After five years of scorching-hot growth for Los Angeles’ residential market, a few August reports showed signs of cooling — but the city still is outpacing other metropolitan areas (including New York and San Francisco), with the median home price tracking 7 percent above 2015’s average. And an explosive new listing — the $195 million Beverly House, an estate once owned by William Randolph Hearst — hit the market only weeks after the Playboy Mansion closed for a record $100 million. Such eye-popping properties are all in a day’s work for THR‘s top agents, who tout the Teflon markets they dominate — from the Westside to Hidden Hills — where no client request is too outrageous (marijuana dispensary, please!), as two agency upstarts look to shake up the L.A. “knife fight.”
Fred Bernstein – Westside Estate Agency
“What still surprises me is that shift in the mentality of the buyer, where they feel comfortable enough pulling the trigger on a $20 million asset purchase,” says Bernstein, a 12-year veteran. “I’m always interested in that something that gets them excited enough to make a move.” Last year, Bernstein sold the late Kirk Kekorian’s home for $19 million and in June sold Tom Cruise’s Beverly Hills home for $39 million. He is currently shopping Jerry Weintraub’s Beverly Hills estate for $25 million: “You can feel the old Hollywood there and the vibe of when Sinatra partied there.” MOST OVER-THE-TOP CLIENT REQUEST A sealed-off bedroom with zero light.
Kurt Rappaport – Westside Estate Agency
The influx of foreign wealth pouring into Los Angeles’ high-end real estate market over the past few years hasn’t altered the strategy of WEA’s Kurt Rappaport. “It’s actually an easier strategy: The higher the price the smaller the world,” says Rappaport, whose portfolio includes Ronald Reagan’s $26 million Pacific Palisades estate at the top of Amalfi Drive. He also is the listing agent on developer Domvs London’s plan to turn a strip of land on Tortuoso Way in Bel Air, previously owned by real estate heir Steve Bing, into the three lots listed for more than $100 million each. He’ll be honored by New York’s Friars Club on Sept. 21 — alongside Martin Scorsese.