Luxury L.A. Real Estate

2100 Ponce de Leon Boulevard and Cyril Bijaoui

L.A.-based luxury real estate firm opens Miami office

Office will be led by Cyril Bijaoui

A Los Angeles-based firm has crossed the country and opened an office in Coral Gables, pursuing South Florida’s booming, high-priced real estate.

The Westside Estate Agency, founded in 1999, deals in luxury real estate through its offices in Malibu and Beverly Hills.

The firm’s Miami location, at 2100 Ponce de Leon Boulevard, will be headed by Cyril Bijaoui, according to a release.

“The Miami luxury real estate market is one of the top and fastest growing in the world, ” said WEA co-founders Stephen Shapiro and Kurt Rappaport in a statement. “We are excited to bring WEA to the region to meet the needs of both our buyer and seller clients in the area and have been looking for the perfect individual to lead this expansion. Cyril is that person.” —

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Popular Q&A

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What is the future of real estate in Las Vegas?

It remains uncertain.
Nevada has $100B worth of residential real estate, with $125B of mortgages.  This means that Nevada has $25B of negative equity to shed.
Currently 1 in 7 homes have had a notice of default filed and 1 in 4 borrowers are behind on their mortgage payment.
If there were no more new foreclosure actions, it would take 42 months for the current number of foreclosures to clear before the market returned to normal.
Fortunately, the bottom end of the market has stabilized with cash investors paying as little as $30,000 for a house and $20,000 for a condo or townhome.  Rents hav…

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