“We try to push the envelope and, God knows, try to push the pricing,” Eklund said.Ĩ899 Beverly, like competing luxury buildings scattered around Los Angeles, comes fully loaded.

There are currently 10 publicly listed condos for sale in Los Angeles for $10 million and up, and many more in development, ushering in a new trend in residential opulence in the city. And that’s a great life.”Īs condos have grown in size and extravagance, their price tags have soared. They want to come and push a button and call the concierge and then they want to leave. “They own maybe three or four of them in the best cities. “If you’re talking about the ultra-luxury market - like over $5 million, $10 million - what you’re seeing is a buyer that collects residences almost like art,” said Fredrik Eklund, one of the listing agents handling sales at 8899 Beverly. Suddenly community, convenience and a carefree jet-setting lifestyle - aided by flexible remote-work policies and looser travel rules - were in high demand among the rich, and many gravitated toward the turnkey ease afforded by over-the-top condo buildings in desirable, centrally located neighborhoods. Months of restrictions and isolation led to a significant shift in mentality toward the end of 2020, real estate brokers said. East and West were designed to be combinable into one uber-unit, which the developers say would make it the largest single-story penthouse in the world at nearly 20,000 square feet, including a wraparound terrace.īusiness Where do you hide a 500-foot yacht? Asking for an oligarchĪ sanctions regime aimed at putting pressure on Russia’s wealthiest citizens has put a spotlight on the global mega-yacht trade. (Although, with another, even more expensive condo set to be listed this week, any new record might not stand for long.)Īcross the hall, taking up the other half of the top floor of the new 8899 Beverly building in West Hollywood, is a second penthouse that will be available in the fall - or immediately, for a buyer willing to part with around $100 million for the pair. If it sells at that price, it’ll break the county’s all-time condo sales record of $35 million, for a Century City penthouse that Candy Spelling bought in 2010 when she was looking to downsize. Up for grabs: the city’s latest showstopping eight-figure penthouse, a decade in the making and finally for sale for $50 million off-market at a time when luxury condos in L.A. There was welcome Champagne and caviar blinis a live singer in a glittery siren-red gown and filet mignon with “caramelized heirloom truffle.” Two dozen of L.A.’s top real estate agents - the sunglasses-indoors kind who regularly appear on reality television - were tended to by a cadre of young women in identical cream outfits, hired for the evening to serve as “personal concierges.” Eight hundred gardenias were flown in from a San Francisco Bay Area flower farm, separated into individual vases and spaced exactly four inches apart on a long tablecloth-draped table. Stay safe.To unveil one of the grandest penthouses ever to be built in Los Angeles, its developers threw a little dinner party. As our site is centered around community events and fun, we encourage all parents, grandparents and caregivers to monitor CDC (Centers for Disease Control), WHO (World Health Organization), and local and national news outlets for guidelines and recommendations.

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