Everyone who is anyone will come to your parties. [Variety] — Dennis Lynch. It is mandatory to procure user consent prior to running these cookies on your website. Nile Niami’s Opus megamansion has finally sold to someone who didn’t pay to develop it. In the cigar room, our owner savors a whiskey with his male business associates before joining his other guests. Use Google Forms, In deep in WeHo, Nile Niami sells Hollywood Hills pad, Checkmate in WeHo for LA’s megamansion king, Party foul: Nile Niami fined for large gatherings at luxury homes, Compass lending service sues Nile Niami over Bel Air mansion. These cookies will be stored in your browser only with your consent. Get the latest scoop directly in your inbox. But all human beings — regardless of wealth or status — have an inherent desire to be liked; an innate need for approval. But opting out of some of these cookies may have an effect on your browsing experience. The property struggled to attract buyers and the asking price came down to $60 million before rising back last fall to $80 million. Round-up of top news and topics for each of the following cities: Editorially-curated headlines and news to know for the following areas: The numbers behind office leases, retail, sales and financing. Maybe he craves the solitude. Think about all the people who live in fancy houses mortgaged up to their eyeballs. We are having some technical difficulties. Young people shake their toned backsides on the ballroom’s dancefloor. But one of our longtime readers kindly forwarded Yolanda an expensively-made official 3D promo video for the property. These cookies do not store any personal information. McClean Design | 190 S. Glassell St. #203 | Orange, CA 92866 | Phone 714.505.0556 | Email info ∂ mccleandesign.com | Contact Just unreal. A lender took control of the property in February; the deed shows that the property was valued at $38M in the transaction. The stone floors were replaced with wide-plank oak floors and the champagne refrigerator was converted into a pantry. Ah, these must be the owner’s friends. The gold Lamborghini and gold Rolls Royce in the underground auto museum space were replaced with a dinosaur fossil. The home has garnered a slew of conflicting opinions from native luxurious brokers. When The One is completed sometime in the next few months, it will … So while the owner knows everyone, has he really got friends? It’s obvious this compound is being marketed to a very specific buyer: the lonely billionaire bachelor. Offered at the bargain price of $250mm, Makowsky’s Bel Air masterpiece boasts 38k square feet of opulence. Mansion Sells for $6.1 Million, ‘Wonder Woman’ Director Patty Jenkins Adds 1920s Country English Cottage to Portfolio, NBA Star Allen Crabbe Scores Blocky Encino Mansion, an expensively-made official 3D promo video, Mark Wahlberg and Rose Byrne Create an 'Instant Family' at a Charming Atlanta Craftsman in the 2018…, "Expendables" and "Rambo" Franchise Producer Avi Lerner Lists Laurel Canyon Estate, Silicon Valley Tech Billionaire Buys $31 Million Montecito Estate, Pritzker Heir Pays $15.8 Million for Extravagant Montecito Estate, Fashion Designer Anine Bing Buys Hilltop Montecito Estate. A bedroom in the Opus house, built by Nile Niami, a B-movie producer-turned-developer, in Beverly Hills, Calif., Nov. 27, 2017. Javascript is disabled in your web browser. …Virtual glory, that is. Niami completed Opus in 2017. Assistants? So forgive us if this is just the alcohol talkin’, but we detected a distinct sadness in this promotional video. Pour your master another drink, Mr. Butler. We firmly believe that. Get our latest stories in the feed of your favorite networks. It’s being built by real estate developer Nile Niami and his longtime architect associate Paul McClean — arguably the most successful pair of spec-mansion builders that LA has ever seen. “The One” and done: Niami faces foreclosure on Bel Air spec mansion, How to sell a mansion for $350M? All Rights reserved. It came to market as by far the most over-the-top white box spec mansions of the last decade, with an asking price of $100 million. From the visionary developer of 21st-century mansions, Nile Niami, THE ONE is the world's largest and most expensive residential listing. Maybe the owner enjoys living this way, occasionally surrounded by attention and stars, yet alone and untouchable at other times. 4,004 Likes, 466 Comments - Nile Niami (@nileniami) on Instagram: “7 Years in the making. The message is simple: buy this place and you’ll become the most popular guy in LA. And it’s true. It’s lonely at the top. Telling? Deny all you want, but there it is. Maybe y’all haven’t, either. Eventually the lights will dim, the trysts will end, and the owner’s guests will stagger out to their chauffeur-driven Maybachs and Escalades. 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 was sold to a multifamily investor based in the San Gabriel Valley, according to Variety. REAL NEWS, REAL DEALS DELIVERED DIRECTLY TO YOU. Comprising of 100,000-square-feet, 20-bedroom compound perched high above Bel Air on four acres, … Once a week for a few hours, at most? We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. All rights reserved © 2021 The Real Deal is a registered Trademark of Korangy Publishing Inc. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Like nothing the world has ever…” Or if you’re feeling extra naughty, unsubscribe from our email updates. Concubines? Listing agents Branden and Rayni Williams also revised its marketing. Yes, rich people buying their way into Hollywood is a tradition as old as time, and we don’t doubt that many celebs would gladly accept an invite to party here. He is rumored to be building a mega-estate, called The One, which will list with a price tag in excess of $100M upon completion. In January 2019, The Real Deal reported that Yeh paid $220 million for 801 South Hope Street, a 22-story building that includes 290 luxury apartments and 5,900 square feet of retail space. Does he even know her name? The lights are on, the fireplace is lit, the waterfalls shimmering, yet nobody’s home. To build the property, Niami bought three ranches from late video game heiress Rita Kogan in 2012 for $28 million and took out an $82.5 million loan to build a house … You also have the option to opt-out of these cookies. The film producer turned high-end real estate developer has quietly paid $28M for this long-vacant hilltop compound in Bel Air. Nile Niami's House (Google Maps). A bevy of lovely ladies surround our owner. And suddenly you’ll be just as famous as your guests! Simply skip this post over. Nile Niami, a movie producer turned developer who has designed a home for P. Diddy, designed the mansion and is responsible for the titillating video. This website uses cookies to improve your experience while you navigate through the website. Obviously the who’s who of LA society know this is the place to party. Fair enough. Suddenly celebrities and socialites alike are crowding the giant residence. The article interviewed two developers to the rich and famous, Bruce Makowsky and Nile Niami. He gives a hardened glance at the glass rooftop pool, where a bikini-clad young woman is frolicking. When The One is completed sometime in the next few months, it will carry an unprecedented $500 million pricetag. We also use third-party cookies that help us analyze and understand how you use this website. Okay. It’s spooky — but wait! It’s being built by real estate developer Nile Niami and his longtime architect associate Paul McClean — arguably the most successful pair of spec-mansion builders that LA has ever seen. Unless the owner is our world’s most self-absorbed narcissist, we think the basic question of “who actually likes me for me?” will always nag at him. We know some folks reading this will sneer that we’re “just jealous“. Look, the Hadid sisters are taking selfies in the jellyfish room! The question goes unanswered, and the owner emerges from his 5,500-square-foot master suite in a bathrobe. He may never know! It overlooks the golf course of the Bel-Air Nation Membership. And while the owner of this house may be The Most Interesting Man in the World™ during his parties, how many of those girls are actually laughing at his wit? Since then, he has sunk tens of millions more (and nearly six years of his time) into creating his residential pièce de résistance. Heck, even Yolanda drives a luxury automobile. How many of them are attracted more to his house, his pocketbook and connections? This mall-sized mansion dubbed 'The One' costs $350 million The owner will be the only one left in The One, in his lonely tomb. Britney Spears’ Infamous Former L.A. Truly. By clicking Subscribe you agree to our Privacy Policy. Try again later. Nile Niami, the brash real-estate developer known for his over-the-top megamansions, has placed one of his high-priced spec homes in bankruptcy. Mr. Niami’s tasks embody this Bel-Air house that was final in the marketplace for $59.9 million. Are they secretaries? And how come everyone here drives a fancy car? Scattered throughout the residence are multiple attractive young women. The ONE, Bel Air, California– the most expensive home in the world. Copyright © 2021 Penske Business Media, LLC. Nile Niami is an ex-movie producer turned mega developer of the country’s most extravagant and elegant mansions with over 30 properties under his portfolio. As the promo video so clearly shows, he’s purchasing a whole lifestyle. This category only includes cookies that ensures basic functionalities and security features of the website. And as for his male friends, would any of them be there for him if he lost everything tomorrow? As he strolls through The One‘s vastness, he is greeted only by the butler, who immediately offers him an alcoholic beverage. Please Allow Javascript and reload this page. After lender Joseph Englanoff took control of the property earlier this year, he undertook a renovation to make it more appealing to a wider pool of buyers, particularly families. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Anyway, for those of y’all unindoctrinated, The One is an unfinished giga-mansion located on a massive four-acre Bel Air promontory. “Oh my Gawd, that’s Drake at the bar! We’re not hating, we’re just saying. But how often can those parties be thrown? All anyone knows is that he’s The One — the only one. Now, Yolanda had a rough weekend and we’re already two mimosas deep on this Monday morning. Necessary cookies are absolutely essential for the website to function properly.