“It’s just a life change, a new era,” The Agency co-founder Billy Rose, who has the $2.7 million listing for the Spanish revival-style West Hollywood abode, told Observer.
While escalation clauses are commonly seen in competitive markets like San Francisco and Seattle, they are less common at the top end of the market. “They’re not really happening at the ultra-high end because the X amount—the increment—has got to be pretty significant,” says Billy Rose, president and co-founder of the Agency, a brokerage in Beverly Hills.
