WSJ reports developer Nile Niami loses ownership of his Beverly Hills “Opus” property to his lender

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”