Month: November 2020

Nile Niami and 1175 N Hillcrest Road (Getty, Redfin) Nile Niami’s Opus megamansion has finally sold to someone who didn’t pay to develop it. The 20,000-square-foot Trousdale Estates property, which Niami’s lender paid $38 million for earlier this year, was sold to a multifamily investor based in the San Gabriel Valley, according to Variety. The…

From left: President Donald Trump, Blackstone’s Jonathan Gray and Tishman Speyer’s Rob Speyer (Getty) More than 100 business leaders have signed a letter demanding that President Donald Trump’s administration cease its challenges to the presidential election and let President-elect Joe Biden’s transition begin. Tishman Speyer CEO Rob Speyer, Blackstone president Jon Gray and KKR co-CEO…

Villa Blanca in Beverly Hills and Le Pain Quotidien’s West Hollywood location are just two restaurants to recently close due to the coronavirus pandemic (Getty) Los Angeles County is suspending outdoor dining at restaurants for at least three weeks, the latest restriction imposed on businesses as cases of coronavirus continue to mount. The suspension is…

A recent study that found 1 in 10 Black homeowners returned to renting between 1984 and 2017 (iStock) Over the last three decades, Black homeowners were twice as likely as white homeowners to lose their properties and return to renting. That’s according to a recent study that found 1 in 10 Black homeowners returned to…

(iStock) Ski resort operators are gearing up for what could be a tough season. Operators are adopting measures that will be familiar to most patrons by now, according to the New York Times. Most resorts will require face coverings inside and are limiting capacity in trams. Many are also following the standard produced by the…

Ron Popeil and his Santa Barbara property (Ron Popeil, Zillow) Inventor and infomercial king Ron Popeil’s latest pitch is for his 150-acre Santa Barbara ranch with seven miles of trails. But wait, there’s more. Popeil, whose Ronco company manufactured and sold various cooking devices and kitchen accessories, is asking $4.9 million for the sprawling property…

Palermo, Italy (iStock) As winter nears and coronavirus infections spike in the U.S. and parts of Europe, some workers are heading for warmer, more remote climes. Those fortunate Europeans and Americans — but not ultra wealthy — are leaving cities like Paris, London and New York for locales around the Mediterranean, according to the Wall…

The effort is meant to address concerns among residents about rising rents and supply shortages (Unsplash) The South Korean government wants to convert empty hotels and office buildings into over 100,000 residential units over the next two years. The effort is meant to address concerns among residents about rising rents and supply shortages, according to…

The Studio City house that stood in for Kris Jenner’s home on “Keeping Up With The Kardashians” is back on the market (Photos via Zillow; Getty) The Los Angeles house that stood in for Kris Jenner’s home on “Keeping Up With The Kardashians” is back on the market with a new, higher asking price. The…

Jarrett Posner and Pablo Escobar with 5860 North Bay Road (Getty, The Waterfront Team) The waterfront Miami Beach lot once home to Colombian drug lord Pablo Escobar in the 1980s now has a new owner. Chicken Kitchen founder Christian de Berdouare and his wife, former local news anchor Jennifer Valoppi, sold the 30,000-square-foot property at…