One of the biggest homes in U.S. history is rising on a Los Angeles hilltop, and the developer hopes to sell it for a record $500 million.
Nile Niami, a film producer and speculative residential developer, is pouring concrete in L.A.’s Bel Air neighborhood for a compound with a 74,000-square-foot (6,900-square-meter) main residence and three smaller homes, according to city records. [...] including a 5,000-square-foot master bedroom, a 30-car garage and a “Monaco-style casino,” Niami said. — bloomberg.com
“For 10 or so of these important properties to come on the market at the same time, that matters a lot,” - Gregory J. Heym, an executive vice president and the chief economist for Halstead Property and Brown Harris Stevens — NYT
Earlier this month Robin Finn, looked at one trend in Manhattan's luxury/high-end real estate market. Given the less than 2,000 single-family homes in Manhattan, a recent influx of historic mansions and townhouses into the market, offers buyers a rare opportunity to avoid co-ops and condos.Some...
Six years ago, Los Angeles politicians imposed new limits on the size of new and renovated houses, promising to rein in what they called "homes on steroids" dwarfing blocks of smaller buildings.
But as the housing market rebounds and construction picks up, many homeowners complain that "mansionization" has revved up — reigniting long-standing policy battles and sometimes bitter fence fights over the face and feel of L.A.'s neighborhoods. — latimes.com
The owner of Hill House is Scott Croyle, senior vice president of design at HTC. At two bedrooms, 2 1/2 baths and a study, the home is just large enough to share with his wife and son. Its modest scale allowed Bernstein to emphasize quality materials over quantity of space.
"It's almost a negative value in that (tech) community," said Bernstein of over-the-top homes. "There's a real emphasis on not seeking a mansion right away." — sfgate.com
North of the Berkeley Hills, nestled in the quiet community of Kensington, lies an abandoned mansion called the Blake House. At the end of a short gravel path, the home historically reserved for the UC president lies behind two wrought iron gates.
But the 13,200-square-foot Mediterranean-style mansion — with an elevator, two kitchens, a massive library and panoramic views — has been empty for more than five years. — dailycal.org
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