Douglas Ellimans 2017 Edition of The Wealth Report

11th Edition of The Wealth Report 2017

Reading the 11th edition of The Wealth Report and looking ahead to the rest of 2017, there is no doubt that the world is at a crossroads.

As the report enters its second decade, the global milestones of 2017 will include the first year of Donald Trump’s presidency, the opening overtures of the UK’s Brexit negotiations, pivotal German and French elections and a critical succession of power in China. All have the potential to be as far reaching and influential on wealth creation and wealth flows as the global financial crisis, which defined the first decade of The Wealth Report.

In this time of rapid change and volatility, Knight Frank remains independent and committed to matching people and property perfectly, identifying and understanding residential and commercial property opportunities in key global markets, and working increasingly closely with our clients, both new and long standing. To achieve this, we have three unwavering points of focus:

  • Market-leading research, providing our clients with the deepest insight

  • An industry-leading technology platform, keeping our clients informed and enabling them to transact efficiently

  • A total commitment to outstanding client service, delivered by the best professionals.

    Binding together these strands of our DNA is an ever growing network. Last year, in response to client demand, we opened a new office in the Philippines and further offices in London, Germany and the Alps, as well as re-establishing an exceptional team in Shanghai. Our new Family Office initiative is driven by our clients’ growing emphasis on wealth preservation as much as wealth creation.

    For this audience in particular, this report is essential as it delivers insight and advice not just for the coming year, but for the next decade. For those readers who have yet to work with us, The Wealth Report offers an insight into the thought leadership that underpins the service provided by our transactional, consultancy, investment and valuation teams, based in 413 offices in 60 countries around the world.

    I hope that you find the report illuminating and thought provoking. For some, it will raise as many questions and possibilities as it answers. Do please get in touch so that we can help you address any requirements or challenges you may have.

    The Wealth Report will be updated over the coming months as we pass through the changing landscape of 2017. It promises to be a fast-moving year and we would be delighted to work with you to guide you through it.


Behind the Gates with Michelle Oliver at The Century

Go behind the gates at 1 W Century Dr #28A with the latest episode featuring Michelle Oliver


1 W Century Drive is a designer-done luxury condo in Century City with full concierge service. Located in The Century widely regarded as the most prestigious 24hr full-service building in Los Angeles, this spectacular designer residence is wrapped with oversized windows and terraces capturing the sunlight by day and sparkling city lights by night. The privately-keyed elevator opens directly into the gracious entry foyer leading into an expansive living room with breathtaking views spanning from downtown to the Pacific ocean. This sophisticated and glamorous residence has clean lines, luxurious rosewood floors, his and her spacious master baths and closets, state of the art Savant home automation, Balthaup custom kitchen and elegant detailing through-out. Perfect proportions and architectural simplicity by the renowned Curtis Quillin. A truly world-class home at the premiere address for luxury and style. Purchase price includes exclusive private pool cabana. One of only 5 residences in The Century to hold private ownership of pool cabanas.

3 Bed | 3 Bath | Appr. 4,600 Sq. Feet

Offered at $11,500,000


Douglas Elliman Releases the 4rd Quarter Market Report for 2016

Dear Friends,

I am excited to share with you the just released fourth quarter 2016 “Elliman Reports” for Los Angeles, California and the two new submarket reports for Malibu/Malibu Beach and Venice/Mar Vista.

Our market reports are produced in conjunction with Miller Samuel to provide you and with the most comprehensive and objective market insight available.

Los Angeles, encompassing the greater LA area including Westside and Downtown, had multiple records set for single family and condo prices. The average sales price rose a record setting 10% and the median sales price increased as well. The luxury market slightly outperformed the overall market in price and lower inventory growth.

In the new reports released for the submarkets, Malibu/Malibu Beach had mixed price trends and a decline in sales. In Venice/Mar Vista, price trends for single family sales moved higher which in turn helped larger sized sales. The median sales price in Venice is almost twice as much as Manhattan.

At Douglas Elliman, we are constantly looking for ways to provide our clients with better information, empowering them to make more informed decisions.

Our efforts to create this market report series reflect our strong belief that access to timely information is a vital resource in a market that is constantly changing. Committed to providing the best information in the industry, we are proud to offer this service to you and your clients.

Thank you for helping to make 2016 so successful. I look forward to an even brighter 2017!

Warmest regards,
Dottie Herman
President and CEO
Douglas Elliman

To explore Douglas Elliman's full slate of market reports covering Manhattan, Brooklyn, Queens, Northwest Queens, Riverdale, Long Island, The Hamptons, North Fork, Westchester, Putnam & Dutchess Counties, Fairfield County, Greenwich, Miami, Boca Raton, Fort Lauderdale, Palm Beach, Wellington, Delray Beach, Jupiter, Palm Beach Gardens, Los Angeles and Aspen, please visit the following link

924 Bel Air Mega Mansion

Michelle Oliver’s longtime client and friend, Bruce Makowsky, has just released what is currently listed as the most expensive home in America.

This newly built modern estate overlooking Los Angeles with 280 degree views has just become the most expensive home listed in the United States. At 38,000 square feet, the home spans four levels, has 12 bedrooms 21 baths and is sold turnkey with all the bells and whistles imaginable. Everything in the house is included — from the $30 million worth of cars, and millions worth of fine art, and a 7-person full-time staff which is included in the price of the home for the first two years.

Bruce’s inspiration for the property, which took four years and 250 workers to build, came from his love of yachting. He realized people were spending 2-8 weeks of the year on a yacht priced at a 100-million-dollar or more and yet they are living in a $30-million home. With that Bruce set off to curate what was soon to be the most amazing estate in Bel Air with a record-breaking price of $250 million dollars.

The main floor is 17,000 square-foot of entertainment with a four-lane bowling lounge that has a wall of gold bowling pins and bowling shoes of every size. Next to the bowling alley is a massive $200,000 candy wall, with custom-built glass ping pong table, four glass foosball tables and a $12,000 glass pool table. The entertainment level has the largest TV in any residential home — at nearly 30 feet. As well as one of the most advanced home theaters ever built: a $2 million screening room with 40 reclining seats made from hand-crafted Italian leather, and a 22-foot screen and a sound system with 57 speakers and 16 subwoofers that you feel as much as hear. The 4K projector is also preloaded with 7,000 movies and loads of games.

Also on the lower level entertainment floor is the auto gallery with over and a $30 million worth of the rarest, fastest and most expensive cars in the world that all come with the house. They include Lamborghinis, Ferraris, Bentleys, a one-of-a-kind Pagani Huayra that costs more than $2 million; a baby Formula 1 race car that goes from zero to 60 mph in 2.8 seconds, the famous "Von Krieger" 1936 Mercedes 540 K Special Roadster, which is worth more than $15 million; and 10 of the rarest and fastest motorcycles ever built — including a "first of firsts" electric Sora superbike.

Giant panels of motorized sliding glass open to create massive rooms with both indoor and outdoor living, outside the 85-foot infinity pool drops off into a sweeping view of Los Angeles and beyond. It's got a swim-up bar, oversized Jacuzzis and a pair of mini Sea-Doos and a small catamaran.  To Top it all off an outdoor hydraulic pop-up 18-foot wide, 12-foot tall, 4K TV screen that pops out of the landscape and rises over the pool.

If the property sells for $250 million, it will become the most expensive home ever sold in America. Holding the record currently for the most expensive home ever sold in the U.S. is a $147 million-dollar East Hampton pad which sold back in 2014. Currently on the market is the former Candy and Aaron Spelling estate that listed in October for $200 million making it the second most expensive listing compared to the Bel Air Mansion. If both homes sell for asking price  they will be surpassing the latest sales from 2016,  Owlwood Estate that sold at $100 million and the Playboy Mansion which sold for $90 million. 


Douglas Elliman releases the 3rd Quarter Market Report for 2016

Housing prices in the Westside and Downtown areas of Los Angeles increased for the 17th month in a row and single-family prices set a new record.  There were more sales and more inventory to choose from this quarter. 


At Douglas Elliman, we are constantly looking for ways to provide our clients with better information, empowering them to make more informed decisions. Our efforts to create this market report series reflect our strong belief that access to timely information is a vital resource in a market that is constantly changing. Committed to providing the best information in the industry, we are proud to offer this service to our clients. Explore our full market report series covering Manhattan, Brooklyn, Queens, Northwest Queens, Long Island, The Hamptons, North Fork, Westchester, Putnam & Dutchess Counties, Fairfield County, Greenwich, Miami, Boca Raton, Fort Lauderdale, Palm Beach, Los Angeles and Aspen at 


Warmest regards,
Dottie Herman
President and CEO
Douglas Elliman


*Visit to search more than 245,300 listings and access all of our current market reports.

Michelle Oliver Featured in the Real Deal September 2016 Issue

"When I have an exclusive pocket, I want to find a buyer, no matter where they live. That person might be in Malibu or London or Shanghai. My colleagues at Knight Frank are a key part of my strategy to close deals." -Michelle Oliver

We deliver the international buyer. Through our global alliance with Knight Frank Residential, a network of 484 offices in 58 countries, we attract the most qualified buyers from all over the world.  We have data and insights buyers and sellers trust. Our market reports, research publications and insight tools enable our agents to speak about real estate with confidence, intelligence and compelling data. We've mastered property marketing in the digital age. we have the broadest exposure on the Web, generating billions of first impressions for the properties we represent and keeping them in front of buyers through digital advertising, social media and re-targeting strategies. Moreover, we know our "followers" and can directly contact the half-million active buyers who are registered with us online. We are where our clients are. We're the 4th largest brokerage in the United States with 6,000 agents in the nation's most exciting real estate markets. With over 80 offices, we have local access and expertise in Los Angeles, Aspen and throughout New York City, the Hamptons and South Florida.

Personality Profile: Nicole Fuller Interiors

Nicole Fuller is the President and Creative Director of Nicole Fuller Interiors, a New York based multi-faceted interior design company, specializing in high-end residential and commercial design projects in the US and abroad. Fuller has two nominations for London's prestigious Andrew Martin "Designer of the Year" Award", as well as being named one of Vogue's hottest new designers (September 2009).

A passionate designer, Fuller has acquired a list of savvy clients, who have an unwavering taste for luxury, and uncompromising attitude for high-quality design. Fuller's primary objective is that her clients love the look and feel of their surroundings, for which Fuller continues to exceed her clients' expectations.

Fuller's work has covered a broad spectrum of interior design projects. Her recent residential work includes, a project in the historical Stanhope Hotel in New York City, and a 30,000 square foot Suffern, New York summer home. Fuller has taken on select commercial projects ranging from high-end boutiques, bars, restaurants and nightclubs.

Fuller is continually inspired by her extensive world travels, experiences and dreams, which are complimented by her dramatic, powerful sense of style and exquisite taste. Fuller incorporates a mix of different periods, seamlessly layering the contemporary with the traditional; a practice that is reflected by such techniques as adding raw materials to high-quality classic designs. Fuller's designs do not prescribe to any particular style, as every project and space is unique. Having a thirst for new challenges and a desire to push the boundaries, Fuller's refusal to accept the status quo drives hers dramatic powerful sense of style. Continually allured with the ever-changing market of products, materials and technology, Fuller is perpetually brainstorming, searching, observing and exploring new ways of using what exists in original and innovative ways.

In May of 2010, Fuller launched Isabella Wolfe Designs at JF Chen in Los Angeles. A luxury furniture and accessories company, this collection of custom design pieces brings life to any room, and allows Fuller to expand her unique talents into new areas of the design industry. The collection features a range of original pieces, including her highly sought after bespoke pieces, for which she has collaborated with some of the world's preeminent artists.

Fuller, who currently resides in New York City, is preparing to launch Isabella Wolfe in select boutiques worldwide and a collaboration with The Rug Company, while continuing to design nationally and abroad for Nicole Fuller Interiors and designing beds for Savior.

Michelle Oliver Spends an 'Evening on the Beach' at the Jonathan Club

On August 4th 2016 Michelle Oliver joins Douglas Elliman at the seventh annual Evening on the Beach, in support of St Vincent Meals on Wheels, a non profit organization that provides meals to the elderly and disabled. Founded over thirty years ago by Sister Alcie Marie today Meal on Wheels delivery over 4,000 meals per day and includes a staff of 78 and over 300 volunteers. Meals on Wheel is not government funded and relies solely on volunteers, donors, and fundraisers such as The Jonathan Club's Evening on the Beach. Michelle Oliver and many others came out to support the cause with a night spent in the sand enjoying the sunset. Presented by Audi  'Evening on the Beach' included live music, dancing, an abundance of food and drink and even a fire pit complete with s'more making. Chefs from all over the city contributed a variety of  taste testers throughout the night, the following were favorites among the crowd: Gino Angelini of Angelini Osteria, Genevieve Gergis of Bestia, Mark Peel of Bombo, David Tarrin of catalina kitchen at Terranea Resort, Jonathan Grahm of Compartes Chocolatier, Andrew Gavalla and Shannon Swindle of Craft Restaurant, Ken Concepcion of CUT Beverly Hills, Frank Ostini of The Hitching Post, Buellton, Jason McClain and Quentin Collignon of the Jonathan Club, Kai Kani of KAI Pop-up, Kevin Meehan of Kali Restaurant, Dahlia Narvaez of Pizzeria and Osteria Mozza, Bruce Kalman of Knead & Co. Pasta Bar + Market and Union Restaurant, Michael McCarty of Michael’s Restaurant, Chris Feldmeier of Moruno, Makani Carzino of Pono Burger, Alex Ageneau of Petrossian, Chris Phelps and Zak Walters of Salt’s Cure.

Douglas Elliman's Market Report for Los Angeles

Douglas Elliman releases the 2nd Quarter Market Report for 2016

At Douglas Elliman, we are constantly looking for ways to provide our clients with better information, empowering them to make more informed decisions. Our efforts to create this market report series reflect our strong belief that access to timely information is a vital resource in a market that is constantly changing. Committed to providing the best information in the industry, we are proud to offer this service to our clients. Explore our full market report series covering Manhattan, Brooklyn, Queens, Northwest Queens, Long Island, The Hamptons, North Fork, Westchester, Putnam & Dutchess Counties, Fairfield County, Greenwich, Miami, Boca Raton, Fort Lauderdale, Palm Beach, Los Angeles and Aspen at 

Warmest regards,

Dottie Herman

President and CEO, Douglas Elliman


*Visit to search more than 289,300 listings and access all of our current market reports.

The average price per square foot of a sale in the Westside and Downtown areas of Los Angeles set a new record. Higher prices have been pulling more inventory onto the market.

Michelle Oliver's Spotlight in Prime Magazine



With over 13 years experience in managing, developing, and selling luxury real estate in and around Beverly Hills, Michelle Oliver represents buyers and sellers as the estates director at luxury experts Douglas Elliman Real Estate. It's a high-profile environment unlike anywhere else in the world – including negotiations and transactions for high net worth individuals as well as actors and celebrities.

Although bound by client discretion, Michelle allows that her milestone projects in luxury real estate – achieving record-setting prices per square foot – include some buzz-worthy "homes of the stars." But that's as far as it goes, as privacy is everything in this exclusive marketplace– a marketplace about to raise the bar for luxury real estate in the following years according to Michelle Oliver. In this issue’s Agent Spotlight, the customer-focused professional shares her perspective on the latest trends and developments in LA luxury real estate with Prime.

 Was there a specific moment or experience that attracted you to the luxury real estate segment?

I was drawn to the luxury segment the moment I became the manager of a gated community called North Beverly Park. It's one of most exclusive gated communities in the world and among the areas with the highest density of billionaires. I knew this was the kind of clientele and product I wanted to work with, and my first listing as an agent was a luxury property at $25 million dollars. Talk about starting at the top!

You also chose the perfect area. The luxury homes market in Los Angeles, and the Beverly Hills area in particular, is in a league of its own. What makes it so unique?

I honestly think that it's the best place to live in our country, if not the world. From a lifestyle perspective, being located between Malibu and Beverly Hills is the ultimate, and it's drawing an increasingly international crowd – either for a second home or permanent residence.

Speaking of international clients, what are the strengths and synergies resulting from Douglas Elliman's partnership with Knight Frank?


Douglas Elliman has the edge of being the leader in new development, and we're one of the only firms in luxury real estate who can make this claim. Thanks to the partnership with the largest international residential company Knight Frank, we have offices and feet on the ground in over 58 countries. So we are part of a direct and powerful network that works seamlessly with our international clientele.

You mentioned new developments – what are some upcoming projects in Los Angeles you can share with us?

We are about to show Los Angeles what vertical living with a luxury component is all about.  It's a new approach here in Los Angeles. Since Douglas Elliman is already a leader with New York and Miami, this gives us the edge to make LA a destination for vertical living, with exciting new products about to come on the market from Downtown to Beverly Hills, and Century City, to name but a few.

That sounds like a new approach. Which other trends are you seeing in luxury real estate at the moment?

I really think that high-end buyers are extremely savvy these days and have been exposed to levels of luxury that we have yet to see in Southern California. The question is being answered as we speak with a new level of spectacular developments in luxury residential and commercial. There are residential properties coming on the market at supersonic levels starting at $150,000,000 and soon we will be seeing numbers at $500,000,000. Commercial developments are also changing the LA market and demographic by introducing hotel/luxury condos such as the West Hollywood Ian Schrager Edition and the new Waldorf Astoria Hotels & Resorts coming to Beverly Hills in 2017.

So the bar is about to be raised all across the board?

Pricing is a really fascinating question here. Compared to the rest of the world, Los Angeles is still really underpriced. Only about five years ago, a $20 million luxury property was almost unheard of. Now $20 million is the low-end of the high-end! The value of LA will continue to increase as we catch up with the other major markets.

With that said, what are ultra-affluent buyers demanding from luxury homes in Beverly Hills these days?

I think it’s all about the experience a property creates for the client. The ultra-affluent buyers are leaning towards properties that are curated to a particular lifestyle and are ready to pay top dollar for the “best in class.” These buyers want an opportunity to acquire something that no one else can acquire.

And finally, what is the#1 reason for purchasing luxury real estate in to Los Angeles?

Being born and raised in LA, I get asked this question a lot. I seriously think LA is one of the best places in the world to live. My great uncle, Julius Shulman, couldn’t agree more. His iconic photographs of the 1960s Case Study homes by architects like Pierre Koenig and Frank Lloyd Wright sold Los Angeles to the rest of the world as the best place to live. You have the beaches, the mountains, the desert, rivers, all within reach to your busy lifestyle whether you are a mega celebrity, captain of industry,  international mogul, ora college student. You feel surrounded by the luxury of the weather and the beauty of Southern California.

Douglas Elliman and Knight Frank Launch the 2016 Wealth Report

Douglas Elliman presents the 2016 Wealth Report, take a look at the trends and predictions for the luxury markets in the upcoming year. 

The Wealth Report, which is published by Douglas Elliman's strategic alliance partners at Knight Frank, is one of the worlds leading source of information to the global perspective on prime property and investment. The Wealth Report offers invaluable insight into global trends and what will impact the interaction between wealth and the global luxury markets. Now in its 10th year, The Wealth Report continues to expand its coverage of the global spending and issues concerning connectivity, wealth migrations, and luxury spending. 

On March 10th, 2016 Douglas Elliman had the honor of hosting the launch of The Wealth Report in Los Angeles, which is only one of 36 Wealth Report launches held throughout the world. Michelle Oliver was in attendance along with many others traveling from all over the country to be apart of such an invaluable source of information. Members of the panel included the CEO of Douglas Elliman, Howard M. Lorber, David Friedman president of Wealth-X, Josh Roth head of Fine Arts United Talent Agency, and Steve Malvesta regional vice president of NetJets Inc. Also speaking at the event was Paddy Dring partner at Knight Frank and Liam Bailey partner and global head of research for Knight Frank.

 No other outlet covers the trends and flow of wealth as comprehensively as The Wealth Report. Michelle Oliver and Douglas Elliman are proud of the partnership they have with Knight Frank and the knowledge and reach that it brings them from all around the world.

Michelle Oliver Luxury Real Estate
Michelle Oliver Luxury Real Estate

Douglas Elliman Hosts the Awards Ceremony for The Ellies 2016

Michelle Oliver achieves Douglas Elliman's most prestigious Diamond Award for the top five agents and teams in the Beverly Hills office.

Michelle Oliver Douglas Elliman

On February 25th, 2016, Michelle Oliver took her travels to New York to celebrate her year in review for 2015 at Douglas Elliman's annual awards ceremony, The Ellies. Douglas Ellimans President and CEO Dottie Herman and Chairman Howard M. Lorber hosted the firm’s agents and employees from NYC, Long Island, the Hamptons, Westchester, Connecticut, South Florida, California and Aspen. The Ellies were held at the Radio City Music Hall in New York City and included a live performance from the Radio City Rockettes. Michelle Oliver was awarded as one of the top five agents in California by GCI with Douglas Elliman bringing in $22 Bilion in total sales volume nationwide Michelles Dimond placement is impressive. Douglas Elliman was also named the number one brokerage in New York City, Long Island, the Hamptons and Miami Beach, and is listed among the top four brokerages nationwide.

Michelle Oliver Dougal Elliman

 “We are very proud of the hard work and dedication that our talented agents put forth every year. It is because of their incredible efforts and passion that Douglas Elliman continues to be at top of our industry, and we are so happy to celebrate their very impressive performances this year,” said Dottie Herman, President and CEO of Douglas Elliman.  “As a company, we are stronger than ever before, and together we’ve achieved many great successes in 2015. Congrats, to all!”