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Inside LeBron James’s Sizable Real Estate Portfolio – Architectural Digest

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LeBron James has built quite the legacy for himself both on and off the court. The all-star athlete, who famously hails from Akron, Ohio, has invested quite a bit in his home state since he’s risen through the ranks of the NBA. In fact, though he’s relocated several times while playing for different teams, he’s always found a way to give back. “Akron, Ohio, is my home. I will always be here,” James said at the opening of his I Promise School in 2018. “I’m still working out at my old high school.” The NBA star, who currently plays for the Los Angeles Lakers, has also made his mark in other major cities throughout the U.S. Over the past two decades, James has amassed an impressive real estate portfolio that includes homes in Los Angeles and Miami, where he played for the Miami Heat for four seasons. Take a peek into his properties below.

2003

James wasted no time building his real estate portfolio shortly after the Cleveland Cavaliers selected him as the first overall pick in the 2003 NBA Draft. He reportedly paid $2.1 million for a Bath Township property just northwest of Akron and built a 30,000-square-foot mansion on the land in subsequent years, spending millions to make the house a home. He was just 18 at the time. Presently the property features six bedrooms, eight full and six half bathrooms, as well as a recording studio, a movie theater, an aquarium, a barbershop, a two-lane bowling alley, and a sports bar. The primary suite even features a two-story walk-in closet. James still owns the compound, and it’s now reportedly worth around $9.2 million.

2010

James sent shock waves through the sports world when he opted to leave the Cavaliers in 2010 to sign on with the Miami Heat as a free agent. He secured his living situation there shortly afterward, paying $9 million for a custom-built, three-story mansion in Coconut Grove, Florida, that November. The bachelor pad was prime for entertaining and featured an eight-seat home theater, a wine cellar, a backyard pool area with a multicolored LED lighting system, and a private waterside balcony off the primary suite. There was also a separate guest house situated atop a three-car garage and a dock that could accommodate two 60-foot boats. James listed the 12,178-square-foot mansion for $17 million in 2014 and it sold for $13.4 million the following year.

2015

By the time James went back to the Cavs, he was ready to expand his real estate reach to the west coast. He snapped up a 9,440-square-foot white brick and stone colonial mansion for $21 million that fall—his first of three L.A.-area abodes. The Brentwood place featured six bedrooms and eight bathrooms, with a double-height foyer, a wood-paneled office, a Calacatta marble kitchen, and a home gym. Outdoors there was an infinity-edge swimming pool that spanned nearly the width of the house, a handful of patios, and a basketball court next to a three-car garage. James listed the home for $20.5 million in early 2021 and ultimately sold it for a slight loss at $19.6 million that September.

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Local builders still busy as real estate market takes a break – Times Colonist

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The real estate market may be taking a breather, but there has been no such break for homebuilders in the region judging by new housing start figures from the Canada Mortgage and Housing Corporation.

The numbers, released Tuesday, show 2,681 new homes were started through the first seven months of this year in Greater Victoria, ahead of last year’s pace when 2,500 new units were started.

It’s a tale of multi-family projects in two parts of the region, said Casey Edge, executive director of the Victoria Residential Builders Association.

Edge said Victoria and Langford are once again doing all of the heavy lifting.

“There are a bunch of municipalities that just fly under the radar every year, like Oak Bay that still doesn’t have zoning for duplex housing,” he said noting Oak Bay has built just 19 new homes this year, while North Saanich has started 16.

“And people question why do we have a housing affordability problem,” he said.

“Well, you have just a handful of municipalities that are really carrying the weight for 13 municipalities.”

The lion’s share has been done by Victoria so far this year.

With a focus on condo and rental apartments, the city has seen 1,219 homes started, well ahead of last year’s 696. Langford has started 663 so far this year, off last year’s pace of 862 through the end of July.

Edge said what’s missing is the missing middle housing — townhomes and houseplexes, rather than the usual condos and single-family homes — that can suit small families and provide more housing options in all parts of the region.

The fact builders in at least two of the region’s centres are busy may help the market catch up a bit, as the number of property sales has slowed considerably. The B.C. Real Estate Association released numbers on Tuesday showing Victoria’s sales dropped 37.5 per cent in July compared with the same time last year, while the Island saw a 40 per cent drop and the province fell 42 per cent.

“High mortgage rates continued to lower sales activity in July,” said BCREA chief economist Brendon Ogmundson.

“Many regions around the province have seen sales slip to levels well below normal for this time of year.”

At the same time, provincial active listings rose 28 per cent year-over-year.

Inventories remain quite low, but the slow pace of sales has tipped some markets into ­balanced or even buyers’ market territory, the association noted.

Year-to-date, residential unit sales were down 29.3 per cent to 56,801 units, while the average residential price was up 13.2 per cent to $1.03 million.

aduffy@timescolonist.com

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Podcast: Real estate marketing strategy with Publish Partners | RENX – Real Estate News EXchange

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Podcast: Real World of Real Estate with Gerald Tostowaryk

Max Jakubke, principal and founder of Publish Partners, and the firm’s digital marketing director Bianca Elliot discuss numerous strategies for effective online real estate marketing with host Gerald Tostowaryk.

One of the focuses for the episode, the second in a series on real estate marketing, is using data effectively to improve your storytelling ability about a project or development.

As part of the discussion, Jakubke and Elliot share some examples of successful campaigns.

Publish Partners is an international firm based in Vancouver.

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Perfect time for sellers in Saskatchewan real estate market – Global News

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For people who analyze statistics for a living, interpreting numbers is often about perspective.

For example, take home sales in Saskatchewan last month.

The province saw a 10-per cent reduction in home sales from 2021. However, last year was a record year for home sales in Saskatchewan.

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“Overall, most regional markets are starting to shift away from the exceptionally tight market conditions seen earlier in the year,” the Saskatchewan Realtors Association said in a press release.

“However, most regional markets still face conditions that are tighter this July then they were last year.”

One of the reasons for the reduction is the spending issues many people are facing as inflation has drove prices of everyday items up. Another reason the market has slowed is the simple fact it’s summer and people aren’t home.

“People are on holidays, they’re out farming and so typically we see a slower market and people are maybe not used to that because during the pandemic we had a market that was very busy throughout the year,” said Chris Guérette, the CEO of Saskatchewan Realtors Association.

“So we are returning to sort of pre-pandemic activity during this time of the year.”

Buyers are more leaning towards more homes priced under $400,000, which as a result means less are available and slowing down sales.

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“Inventory levels trended up in July over previous months, but every region still faced inventory levels that were lower than the previous year and long-term averages,” the press release read.

“Overall, most regional markets are starting to shift away from the exceptionally tight market conditions seen earlier in the year.  However, most regional markets still face conditions that are tighter this July then they were last year.

Guérette said overall, the provinces market it a lot more stable than other places.

“We know that we won’t have the drastic ups & downs that other large municipalities are facing & other provinces are facing at the time right now. So that means places like Ontario and B.C are seeing some really large dips and some swings.”

Guérette said it is a sellers’ market right now, with the average price of a home in Saskatchewan going up to $335,000.


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How to send your kids off and prepare for university housing.

© 2022 Global News, a division of Corus Entertainment Inc.

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