The week's biggest real estate stories: Andrew Modlin, Doc Rivers, Paul Trousdale and more
| | | | This week's top real estate headlines After the May death of Saudi billionaire businessman Saleh Abdullah Kamel, his Beverly Park estate has unsurprisingly hit the market with a $32.5 million thud. Designed by Richard Landry, Kamel managed to buy the manse for $16.5 million during the height of the recession — an absolute steal by neighborhood standards. Meanwhile, over in the Hollywood Hills, Natasha Bedingfield has hung an almost $2.25 million price tag on her Mediterranean-style home. But what's next for the British pop singer? Well, the rest is still "Unwritten."
In other news, MedMen cofounder Andrew Modlin is flying the coop from his Bird Streets contemporary mansion, "FBI" star Jeremy Sisto has his partially renovated Hollywood Hills home on the market for just under $2.4 million, Dirt got to chat with Douglas Elliman agent Frances Katzen, GlamGlow cofounder Shannon Dellimore bought a $6.5 million Encino home, entertainment industry vet Jeff Kwatinetz is hoping to get $4.8 million for his villa in Venice, the former home of legendary real estate developer Paul Trousdale is asking just under $32 million, Clippers coach Doc Rivers wants $13 million for his Malibu beach house, married “Dancing with the Stars” performers Valentin Chmerkovskiy and Jenna Johnson quick-stepped into Tarzana and Adam Lambert took a loss on the sale of his Sunset Strip home.
Click below, or visit Dirt.com for more breaking real estate stories |
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Completed in 2000, the flamboyant villa remains one of Beverly Park’s most eye-catching estates, for the simple fact that it’s one of the only contemporary mansions in the neighborhood. Most Beverly Park homes are supersized versions of Tuscan McMansions or French-inspired chateaus, but the Kamel estate unapologetically flouts area conventions with its blocky, Lego-like architecture. By James McClain • READ MORE |
| | A quick and unscientific comparison with marketing materials from the time of Bedingfield’s purchase reveals a handful of important cosmetic updates have been made: The exterior was changed from a pale terra-cotta color to bright white; hardwood floors were replaced throughout the main floor, and previously carpeted bedrooms now have hardwood floors. READ MORE |
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| | Way up in the hills directly above West Hollywood and the famed Sunset Strip, the nearly 6,400 sq. ft. contemporary mansion of MedMen cofounder Andrew Modlin has hit the market with an $11.95 million asking price. READ MORE |
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| | New York City real estate broker Frances Katzen at Douglas Elliman runs a 10-person team of luxury agents that has closed $2.5 billion in total sales and sold more than $250 million annually since 2010. Her team also produces the Katzen Report, a monthly newsletter that covers trends and data in New York City real estate. READ MORE |
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| | Entertainment industry veteran, budding sports entrepreneur and civil rights attorney Jeff Kwatinetz, has put a $4.8 million price tag on a spacious home along the picturesque canals in L.A.’s once gritty, now fashionable and exceedingly expensive beach community of Venice. READ MORE |
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| | Doc Rivers, a former NBA All-Star player and championship coach, who since 2013 has been the head coach of the Los Angeles Clippers, is looking to shake up his real estate portfolio, quietly listing a beachfront home in Malibu for nearly $13 million. READ MORE |
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| | Married “Dancing with the Stars” dancers Valentin Chmerkovskiy and Jenna Johnson have quick-stepped their way into a family-sized house in a sought after area of the largely unsung and quintessentially suburban Tarzana community in L.A.’s sprawling San Fernando Valley. READ MORE |
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| | Real estate developer Paul Trousdale left a big thumbprint on residential real estate in southern California, and his slightly shy of 5,600 square-foot Beverly Hills home can now be had for $31.99 million. READ MORE |
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| | A brand-new house in the increasingly posh Los Angeles neighborhood of Encino recently sold for $6.5 million, and tax records reveal the buyer is a corporate entity easily linked to Shannon Dellimore, the entrepreneurial businesswoman who cofounded beauty and skincare juggernaut GlamGlow, an Estée Lauder company. READ MORE |
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| | “FBI” star Jeremy Sisto has put his partially renovated Hollywood Hills home on the market for just under $2.4 million. The slightly more than 3,000-square-foot house is currently configured with four bedrooms and three bathrooms. READ MORE |
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| | Glam rocker Adam Lambert, runner-up of the eighth season of “American Idol” and, more recently, the replacement to legendary frontman Freddie Mercury in the revitalized rock band Queen + Adam Lambert, has just sold his former home above L.A.’s Sunset Strip for $2.92 million. READ MORE |
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