Photo from THE REAL DEAL

WALL STREET JOURNAL reports the developer of the 100,000 square foot “The One” that is for sale for $500 million in Bel-Air, has lost his Beverly Hills “Opus” property to his lender.  

Mr. Niami is known to own additional properties in Bel-Air at Bellagio Road and Carcassonne Road.  

For more information please see link below.

WALL STREET JOURNAL’s “Lender Grabs Ownership of Beverly Hills Spec Home once Listed for $100 Million:  Developer Nile Niami marketed the mansion known as Opus for three years and made several price cuts”