April 18, 2011: Matt Middlebrook

Miramar Hotel, owned by Caruso Affiliated
Matt Middlebrook, Senior VP of Development

Segment 1
Granada Building 7th floor condo, 4,000,000
Year-to-date sales over $1,000,000 = 40% of sales

Segment 2
Matt Middlebrook, Senior VP of Development
Miramar Hotel, when and why it closed
Support from the local community
Coastal Commission approval…at a price
Economic impacts that drives the hotel industry
Recent approval for reduction in the size of the hotel
What business does the owner of the Miramar operate?

Segment 3
History of the nation’s home values back to 1890
One of the top ten gated communities: Brentwood Estates,
Home to Arnold Schwarzenegger and Tom Brady
Percent of listings in escrow over one million

Segment 4
Weekly Multiple Listing Update