House-Buying Craze Hits a Wall
The house-buying craze in Los Angeles has lost momentum, in some cases forcing agents to advise clients to lower list prices, rely less on bidding wars and in certain scenarios even cut commission rates.
No house, plenty of backstory as Colombian billionaire raises ask on Bel Air parcel
An LLC tied to the Colombian billionaire Jaime Gilinski is raising the asking price — by $11 million — on an undeveloped Bel Air property previously owned by the convicted Ponzi schemer Robert Shapiro.
The asking price has increased on this $66 million sandpit in Los Angeles
In high-end real estate, it’s all about the address.
Which is why a huge sandpit in the salubrious Los Angeles neighborhood of Bel Air, connected to a Colombian billionaire, is commanding $US45 million ($66.8 million).
Undeveloped Bel Air Property With Backstory Sees $11 Million Price Hike
The Colombian billionaire Jamie Gilinski has raised the listing price on an undeveloped property that he is selling from $34 million to $45 million as reported by The Real Deal.com. This parcel is located in Bel Air at 805 Nimes Place and Gilinski originally purchased it from Robert Shapiro, a Ponzi scheme ringleader who was convicted of that crime. The listing has been on the market since May of 2021 so it seems odd that Gilinski would raise the price after it has remained on the market, unsold, for this long.
Sierra Drive House
Beverly Hills just got a tad more serene with this Sierra Drive House. Designed by Colega Architects, the 7,300-square-foot haven wraps a series of stacked volumes in natural materials, including stone, wood, and concrete, adding organic elements to the minimalistic design. Imported materials elevate interior spaces, including a family room, a custom kitchen, a primary suite with a marble fireplace, a walk-in closet with skylights, and a private terrace. Elsewhere, there are six additional bedrooms, a steam room, a sauna, and a home theater. Fleetwood doors in the living area open the home to the exterior allowing access to the patio with an outdoor kitchen, pool, spa, and bocce ball court.
Netflix Is Giving Design Lovers Plenty to Binge This Summer
Let’s just say that Netflix definitely knows what sells. Which is why the Netflix shows coming out later this summer and into the fall will lean heavily into the home design and real estate realms. Buying Beverly Hills (coming in the fall), which follows the agents and clients within Mauricio Umansky’s The Agency; and Buy My House (also coming out in the fall), which gives homeowners across America the chance to pitch their properties to four real estate tycoons.
Kyle Richards’ Husband, Mauricio Umansky, and Daughters To Star in Netflix Real Estate Reality Show
The Real Housewives of Beverly Hills star’s husband, Mauricio Umansky, who owns real estate company The Agency, is set to star in Netflix’s new real estate series Buying Beverly Hills. The series, which comes out this fall, follow the agents and clients within The Agency as they navigate the “high stakes world of luxury real estate in Los Angeles,” according to a press release. In addition to Mauricio, Farrah and Alexia, the show will star agents Santiago Arana, Ben Belack, Joey Ben-Zvi, Jon Grauman, Brandon Graves, Allie Lutz Rosenberger, Melissa Platt and Sonika Vaid.
‘Buying Beverly Hills’ Will Raise the Stakes This Fall
The new real estate occu-soap Buying Beverly Hills follows the agents and clients within Mauricio Umansky’s billion-dollar brokerage, The Agency. Not only will you step into the homes of one of Southern California’s most sought-after areas, but you’ll also meet Umansky’s daughters, Farrah Brittany and Alexia Umansky, as well as agents Santiago Arana, Ben Belack, Joey Ben-Zvi, Jon Grauman, Brandon Graves, Allie Lutz Rosenberger, Melissa Platt and Sonika Vaid. With a talented group of realtors comes high stakes in LA’s luxury real estate market.
Design firm behind Markus Persson’s $70M spec manse gets ready to list another lavish estate
Located two minutes from the Beverly Hills Hotel, the new development has a fingerprint scanner to open the front door, which is made of black glass.