Tuesday, June 7, 2016

Thank You Janet Yellen: Playboy Mansion Sells (Was Listed at $200 Million)

Daren Metropoulos, a principal at private-equity firm Metropoulos & Co. who bought the property  adjacent to the Playboy mansion in 2009, is in contract to now purchase the mansion, reports WSJ.

The home was listed for $200 million by broker Mauricio Umansky of The Agency, as well as Gary Gold and Drew Fenton of Hilton & Hyland.

Jeffrey Hyland, the president of Hilton & Hyland, said the price was “nine digits” and would set a record for the highest-priced residential sale in Los Angeles. He said there were multiple offers for the property.

There is a boom in  the construction of hundred million dollar properties.

According to WSJ, there are 27 properties listed around the world for $100 million or more, compared with 19 last year.

Properties in that price range can sit for years, but the Playboy property sold in just five months.


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