Regina Vannicola Real Estate Group

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The Mansion Tax Effect:
Luxury Home Sales Stall in Los Angeles

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L.A.’s ULA Measure, which raises money for affordable housing by adding a 4 percent transfer tax to home sales above $5 million, has “chilled” the market: “People started pulling their listings.”

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In early 2023, L.A.’s luxury real estate market experienced a boom as deals were closed before the April 1 implementation of Los Angeles’ Measure ULA, known as the “mansion tax.” In the first quarter, the number of $5 million-plus homes sold increased by 35 percent, with Brentwood, Pacific Palisades and Hancock Park proving particularly active. Before the tax went into effect, Brad Pitt sold a compound for $33 million, while Mark Wahlberg sold a mega-mansion for $55 million. After April 1, taxes on those properties would have been about $1.8 million and $3 million, respectively. Read more...

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Source: hollywoodreporter.com

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October 14, 2023 | 7:00 - 10:00pm
Golden Bull - 170 W Channel Rd, Santa Monica CA 90402

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Welcome back to our 3rd Annual Sip, Snack & Support for the Leukemia & Lymphoma Society hosted by Taylor Simon & the Regina Vannicola Real Estate Group! This year, we are pleased to announce our new event location at The Golden Bull Santa Monica! There will be live music, a silent auction and a raffle - And don’t forget to ask about the Signature Cancer Crusher Cocktail or Mocktail. We look forward to seeing you there!

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More information to come!

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Santa Monica Market Update | July 2023

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Food Obsession of the Month

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Garlic Pork Chops in Creamy Mushroom Sauce

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"Garlic Pork Chops in Creamy Mushroom Sauce – A quick dinner with a ton of flavor! This pork chops recipe features seared pork chops simmered in creamy garlic and herb mushroom sauce. This easy pork recipe is perfect for any night of the week. Serve the garlic pork chops with cauliflower rice for a delicious keto / low carb option, or with pasta for a kid-friendly dinner. Ready on the table in less than 20 minutes. Enjoy!"

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Source: eatwell101.com

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Ingredients

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4 pork chops, bone-in or boneless (about 1-inch thick)
1 teaspoon paprika
1 teaspoon garlic powder
Salt and fresh cracked black pepper, to taste
2 tablespoons butter
2 tablespoons olive oil
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For the mushroom sauce

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1 cup sliced brown mushrooms
4-5 garlic cloves, crushed
1 teaspoon Italian seasoning
1 1/2 cups heavy cream
1/2 cup (125ml) chicken broth
1 tablespoon fresh chopped parsley
Salt and pepper to taste

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Instructions

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To make the garlic pork chops: Combine paprika, garlic powder, salt and pepper in a small bowl. Pat the pork chops dry with kitchen paper then season generously with the spice mix. Heat olive oil and butter in a skillet over medium-high until butter is melted.
Sear the pork chops for 3-5 minutes per side until well browned on both sides. Transfer the pork chops to a warm plate and set aside.
In the same skillet, add the mushrooms and stir fry until golden brown, scraping up any bits leftover from the chops.
Add garlic, parsley and Italian seasoning then stir fry for another 30 seconds before pouring in the broth. Add the cream, give a good stir then allow simmering for 3-4 minutes until slightly thickened and adjust seasoning if needed.
Place pork chops and their juices back into the sauce and allow to simmer for 2-3 minutes, or until the pork chops are cooked to your liking. Garnish with remaining fresh parsley and serve the garlic pork chops in creamy mushroom sauce immediately with cauliflower rice, zucchini noodles, or pasta. Enjoy!

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Local Happenings

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Locals Night at Santa Monica Pier

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Every 3rd THURSDAY of the Month
3:00 pm - 10:00 pm

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Join us at the Santa Monica Pier once a month for a curated series for locals. Gather your friends and family and head down to the Pier for this special experience. You really won’t want to miss out on this incredible and unique outdoor setting to unwind with friends and loved ones all while celebrating Santa Monica’s cheer.

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Click here for more information.

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SANTA MONICA CLASSIC CAR SHOW

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SATURDAY AUGUST 26TH

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"The Santa Monica POA is hosting its 2nd annual classic car show. There will be great raffle prizes, including a 50/50 raffle, food and beverages for purchase, and entertainment will be provided. The event is free for those who want to attend without classic cars or motorcycles."

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Click HERE for more info

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Lifestyle Tips & Tricks

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5 Summer Approved, "Coastal Grandma' Decor

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Think back to this time last year when the “coastal grandma” trend was influencing both how people dress and how they decorate their homes. In the fashion world, this look falls somewhere between beachy and bougie, with pieces like a chunky-knit sweater layered over flowing white linen pants. (Think: Diane Keaton on the beach in the movie “Something’s Gotta Give.”)

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Courtesy of Realtor.com

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