On April 8th, Haute Residence's Power Players Under 40" panel at the second annual L.A Luxury Real Estate Summit featured The Agency's own James Harris and David Parnes. The panel was part of a larger discussion on how to be successful in California's booming real estate market. Moderator Timothy Lappin Esq., the founder and chairman of Luxury Home Group, invited discussion about James, David and other participants' roles on reality TV show Million Dollar Listing, how the show has affected their image and business and how to balance home and business life. Asked how his experiences in reality TV have affected him, James said that "it's so important to be real to who you are and to carry that message to who your clients might be." When the discussion turned to work/life balance, David emphasized that "delegation and trust is huge," saying that if he and partner James "build up a team around us,.... we're going to do tenfold the business because you're gicing the right tasks to the right people."
2161 Sunset Plaza is a gem in the Hollywood Hills with floor-to-ceiling windows, disappearing walls, and plenty of space for outdoor dining.
Since forming their luxe realty company in 2011, the British partners have quickly risen to the top of their game. Gross sales for 2014 were over $200 million and they recently co-starred on season 7 of "Million Dollar Listing Los Angeles." Recent major sales include a commercial building (home to Oscar de la Renta, Chloe and the Olsen twins' store) for $30 million, a Bel-Air development deal worth some $60 million, a Beverly Hills residence for $12.9 million, the Michael Bay house in Bel-Air for $11.45 million, and properties in London and Geneva. "Having joined The Agency, 2014 has proven a highly successful year for us," Parnes says. "Our sales are up from $150 million in 2013.
"Celebrities can make a lot of money out of real estate," said David Parnes of Million Dollar Listing Los Angeles. "I know that Ellen DeGeneres recently purchased a house and then Sean Parker came and bought that house from her for a lot more money. I think it really does influence the price. People want to buy a celebrity house -- celebrities want to buy a celebrity house."
A Los Feliz home once owned by actress Liv Tyler is on the market at $3.85 million.