Real Estate News: Developers Gabaee and Hadid in the News
There were a couple of news updates on familiar Bel-Air developers, Arman Gabaee and Mohamed Hadid:
• The developer of 360 Stone Canyon Road, Arman Gabaee, is sentenced to four years in prison for bribing a L.A. County official.
• Yet another megamansion owned by developer Mohamed Hadid evades dismantling by receiving emergency funding from bankruptcy court. This recent Hadid woe sounds familiar with Bel-Air residents who recall Hadid's 901 Strada Vecchia development that a judge deemed a “danger to the public” and ordered the structure demolished and the property’s hillside re-stabilized.
For more information, see links below:
LOS ANGELES TIMES “Beverly Hills developer gets 4 years in prison for bribing L.A. County official”
THE REAL DEAL “Judge OKs emergency loan to fix erosion at Hadid mansion”