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Los Angeles-based Arshia Architects has completed RO54, a residential scheme perched on a hilltop in Bel Air. The team describes the project’s aesthetic as “directed by streamline automotive design,” with a split-level concept following the hilly topography of the site. Image credit: Paul Vu... View full entry
The mega-mansion known as “The One” sold Thursday for $126 million at a bankruptcy auction. That’s a huge discount from its $295-million listing price, even with a 12% auction fee bringing the total to about $141 million.
Concierge Auctions, which handled the sale, said its auction site drew views from 170 countries, including Australia, the United Kingdom, Germany, France and Italy — and generated some 2,800 prospects.
— Los Angeles Times
Developer Nile Niami had said during its construction that he hoped to someday see the 105,000-square-foot megamansion sell at a price point around $500 million. The One eventually went into default and was last seen in October when it was placed under receivership by the county. Previously on... View full entry
A Los Angeles megamansion once expected to list for $500 million has gone into receivership after the owner defaulted on more than $165 million in loans and debt, according to court filings. The 105,000-square-foot Bel Air estate, known as “The One,” was placed into receivership by the Los Angeles County Superior Court and is expected to be relisted at a lower price in the coming months, according to people familiar with the property. — CNBC
In July, the Los Angeles County Superior Court named Ted Lanes of Lanes Management as receiver, who is now tasked with preparing "The One" for sale and selling it to recoup debts owed to lenders. The megamansion is expected to be listed on the market in the coming months once Lanes secures the... View full entry
Some know it as “The Beverly Hillbillies” mansion, others as Chartwell. Now, it has a new name: California’s chart-topper.
The Bel-Air residence of late media mogul A. Jerrold Perenchio has sold for the highest price in California history, about $150 million. The buyer is Lachlan Murdoch, son of Rupert Murdoch and co-chairman of publishing company News Corp., The Times has confirmed.
— Los Angeles Times
The spacious estate at 875 Nimes Road in Bel Air, also known as "The Beverly Hillbillies" mansion from the 1960s TV show, finally changed owners for an undisclosed amount, which sources familiar with the deal told the LA Times, was around $150 million. While the deal would easily beat the previous... View full entry
Los Angeles city prosecutors are calling for an unfinished mega-mansion in Bel-Air to be torn down to its foundation, the latest twist in the saga over a colossal building at the center of criminal charges, court battles and an FBI investigation.
[...] last week, City Atty. Mike Feuer and his prosecutors stepped up their demands, saying that a structural engineer had found that key structures supporting the building were deficient.
— Los Angeles Times
"Hadid pleaded no contest two years ago to criminal charges tied to the mammoth, unfinished building, which prosecutors said was much bigger than city rules allowed and included bedrooms, decks and even an IMAX theater that the city said were never approved," reports the Los Angeles Times. Calls... View full entry
The mammoth, unfinished mansion on Strada Vecchia Road in Bel-Air has long been at the center of controversy, investigations and legal battles.
Its developer, Mohamed Hadid, pleaded no contest to criminal charges after prosecutors accused him of building a house far bigger than allowed. [...]
And investigators have looked into possible wrongdoing by a city building inspector scrutinizing the house.
— Los Angeles Times
Looks like the legal drama over the gargantuan on-again/off-again under-construction Bel Air megamansion by celebrity developer Mohamed Hadid is entering a new act: Russell Linch, the contested project's former construction manager, has come forward this week and accused a Los Angeles Department... View full entry
The limestone clad mansion in Bel Air owned by the late TV executive Jerry Perenchio just got a price cut.
But at $245 million, the commanding French neoclassical residence, which measures 25,000 square feet, is still the most expensive listing on the open market in the U.S.
The property, which came up for sale last year for a staggering $350 million, has long been the cream of the crop among high-end estates.
— Curbed LA
If you happen to have won the $1.6 billion lottery jackpot last week or simply don't know where to stash away all those extra tax-cut savings, here's a sweet dealio for you: the spacious 'Chartwell' Bel Air mansion at 875 Nimes Road was built in 1933 and also appeared in the 1960s TV show The... View full entry
The construction of this and other so-called giga-mansions underscores a new gilded age in the United States and especially in LA. [...]
The splurge comes amid a housing shortage that has fuelled a homelessness crisis, with 57,000 people without permanent shelter in LA county [...]. The Los Angeles Times columnist Steve Lopez compared the city’s hilltop mansions to giant tombstones marking the death of humility.
— The Guardian
The Guardian takes a peek into the world of ultra-luxury real estate developer Niles Niami whose latest endeavor—the sprawling Bel Air hilltop giga-mansion with its four swimming pools, 20 bedrooms, movie theater, and nightly club aptly called The One—frequently makes the news for... View full entry
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
Rendering of the "largest home built in the U.S. this century." (Image: McClean Design; via bloomberg.com) Previously: The Biggest House in the US (according to Curbed) is Now Underway in Bel Air View full entry
Work is already underway in Bel Air on a megacompound that will include the largest single-family house in the US. The enormous project, at the dead-end of Airole Way above the Bel-Air Hotel, comes from megamansion developer Nile Niami, and is slated to total 85,000 square feet with a 70,000-square-foot main house. [...]
The [Los Angeles Business Journal] guesses America's newest mega-megamansion will be listed "in the $150 million-plus range."
— la.curbed.com
