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Meanwhile, after years of building in fits and starts, cracks had started to show in the partially completed structure, including leaks in the seven water features and stains on the marble floors, the Vertex report said. Mr. Niami said through a spokesperson that he and his ex-wife Yvonne Niami ended up losing $44 million on the project, plus 10 years of my life.. In 1998, Niamis produced the movies Point Black, The Patriot, and The Survivor. After a year, Nile produced Justice, a TV movie that combines horror and a crime thriller. While many in the real-estate industry now view Mr. Niamis troubles as a cautionary tale, Mr. Williams said he would never count the developer out. He is recognized for the massive home, The one. Book a private zoom call through this link: -https://scottedward.youcanbook.meCONTACT ME for house tours, video ideas, sponsorships, or just to say hi: -scottedwardllc@gmail.com BECOME A CHANNEL MEMBER! This marks the first of the 50 locations that Nile Niami plans to open. Niami had developed the art of selling at a very young age. [3], As a real estate developer in Los Angeles, Niami built a mansion in Holmby Hills which he sold to a Saudi buyer for US$44 million. Today, he is most known for building extravagant residences in Los Angeles that may cost $100 million or more. It was a very competitive bidding process, Brady added We had a strong field of bidders, with bidders from multiple countries. Brady said, declining to comment on the buyer, who is anticipated to be identified in the coming days to the bankruptcy court. More: Sleek Modern Home in the 90210 ZIP Code of Beverly Hills Lists for $3.5 Million. There is no additional charge to you! He had every opportunity to do so over the course of several years of our friendship, but instead waited for a fire-sale auction that he knew would leave me with nothing.. Nile and Yvonne have two sons,BryceandBrent. Nile Niami's The One finally Sold for $141 million dollars! Most significantly, McClean helped Niami to design The One.. 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If you need legal advice, please contact an attorney directly. He worked in special effects for low-budget movies before starting his own production company in 1994. However, when construction prices increased, so did the difficulties. We welcome all corrections and feedback using the button below. Nile Niami got his start as a film producer. For many buyers, it was too large, more like an office park than a private residence. However, we do not have access to information on his schooling. This first film received many negative reviews. It was built by Nile Niami, who promoted it as the "biggest and most expensive. Nile Niami is the real estate developer behind 'The One' Bel Air, a $500 million dollar spec mega-mansion that recently became listed as the most expensive h. Residential Real Estate The One PR. A 105,000-square-foot Los Angeles megamansion known as "The One" sold at a bankruptcy auction for $141 million. Around that time, he began buying small homes in the San Fernando Valley as a side business, fixing them up and flipping them, he told The Wall Street Journal in 2018. As of 2022, his net worth was approximately $50 million. Bryce and Brent Niami are their names. However, as Niamis hopes and dwellings grew, so did his losses. As of 2022, Nile Niamis personal wealth is equal to $50 million. I (Scott Edward) am not a CPA, attorney, insurance, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, or financial advice. Aiding in the . Ms. Niami didnt respond to requests for comment. Sitting on one acre, the home has 7 bedrooms, 11 bathrooms and a champagne vault. Paul McClean is an architect extraordinaire, trained in Ireland and working in the greater Los Angeles area since 2000. In January 2022, the enormous property was listed for $295 million. Nile, who started out as a filmmaker and later became a real estate developer, is well-known for his outspoken personality and ambitious real estate projects. Nile has previously appeared in films and television programmes such as The Galaxies, The Watcher, and The Patriot. Nile Niami is a fo. Thanks for visiting Us. Niamihasa net worth of $50 million, according to Celebrity Net Worth, as of August 2021. The Nile is of American nationality, and based on his looks, he appears to be of mixed white ancestry. In 2017, the couple parted ways. With perhaps one exception, these violations were not caused by me, he said. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. Loving our content? This pizza comes with mushrooms, 2g of Alba white truffles and 24k gold flakes served on a gold-plated engraved tray. Although his LLC, Crestlloyd, declared bankruptcy, Niami continues to hold onto his personal wealth. Roughly $2 million worth of art and other accessories were included in the price. In the article below, well walk you through his net worth. While he viewed the $500 million price tag as a marketing stunt, Mr. Hankey said, he thought that the property could command $200 million to $250 million. The home boasts 19 bedrooms, 37 bathrooms, a 10,000 bottle wine cellar, nightclub,. The One, which lies on 3.8 acres and has 21 bedrooms and 42 bathrooms, rises like a spaceship from the manicured hills of Bel Air. He had mastered the craft of selling since he was a little child. ], Nick Carter Net Worth [From Backstreet Boy to Business Tycoon], Martin Short Net Worth [Struggling Comedian to Millionaire Superstar], Todd Graves Net Worth [The Man Behind Raising Canes], Kevin Feige Net Worth [Architect of the Marvel Cinematic Universe], Fizz Debit Card [An Honest Review in 2023], Rocket Money vs. Mint [An Honest Comparison], Meet Beagle [Find Lost Money An Honest Review], Film Producer, Land Developer, Restaurateur. Choose items to buy together. Nile Niami first spoke with a real estate agent Drew Fenton. In a September 2021 interview about "The One" in the LA Times, Nile said "I'm getting sued by everybody. ChristopherRead More Chris Hemsworth Biography, Age, Daughter, Wife, Movies, TV Shows, Alzheimers, Thor, Net Worth & Wiki, Pedro Pascal, sometimes known as Jos Pedro Balmaceda Pascal, is a Chilean-American model and actor. Nile Niami also produced T.N.T. He also produced a large number of films, the majority of which were B movies made for direct-to-video. He was married to Yvonne Niami, an actress, for nearly two decades, although the couple divorced in 2017. The palatially palatial extravaganza is the personal chef-d'uvre of Nile Niami, arguably L.A.'s most famous and famously bombastic developer of ultra-high-end mansions, the snazzy contemporary kind seen in magazines and bought by billionaires.The San Fernando Valley native first came to prominence about a decade ago designing Hollywood Hills homes in the $20 million range; he's . Around this time, Mr. Niami started saying that he didnt want to sell The One at all, Mr. Kirman said, instead proposing turning it into a high-end events venue that would host boxing matches or even the Academy Awards. His education, parents, siblings, and other family members are still unknown, along with the rest of his background. David Cronenberg also had a cameo role in the film as a priest. Chris Hemsworths net worth is $130 million as of 2023. Nile Niami, a charismatic and ambitious former Hollywood producer who went on to create some of the most extravagant residences in Beverly Hills and Bel Air to sell for profits, designed it. In October 2021, after issuing Mr. Niami several extensions on his loans, Mr. Hankey filed to foreclose on The One. Previously, he was married toYvonne Niami. Mr. Niami disputed that characterization through his spokespeople: I can honestly tell you I gave it 200% effort., Delivers the most important property news around the world to your inbox each weekday, COPYRIGHT 2023 MANSION GLOBAL. One of the contemporary view homes was later purchased for US$18 million by businessmen Cameron and Tyler Winklevoss. Some of these items ship sooner than the others. Check out the video about The One instead: Nile Niamis The One : The largest new mansion in America sells for $141 million at auction. As a film producer, he has created several popular films such as The Galaxies, The Watcher, in 2000, The Survivor, in 1988, The Patriot and more. He worked on developing and flipping houses. In January 2017, she filed for divorce after 18 years of marriage. Mr. Saghian declined to comment on that accusation. Nile Niami's mega mansion in Bel Air California sold for a record setting $141 million dollars earlier this year, but the story isn't over yet. He began his career as a film producer before moving into real estate development. We priced our loan a bit higher than the normal because there was extra risk involved. Mr. Niamis spokespeople said he believes the loan was priced comparably to Mr. Hankeys other loans. Mr. Hankey then bid $100 million, thinking he would be able to sell it for a higher price later on, according to people familiar with the process. He produced over a dozen of films, including The Galaxies (1995), The Patriot (1998), and The Watcher (2000). He has also done research on prosthetics employed in horror film special effects. In 2000, he produced the thriller movie The Watcher. In the same year, he created the action comedy film Camouflage. Also, he produced a romantic crime drama titled Tart in 2001. A revolving statue by Mike Fields surrounds the entrance, a lower-level butterfly installation by Stephen Wilson, and an outdoor sculpture by Italian Murano glass expert Simone Cenedese are among the beautiful unique artwork on exhibit. He produced the films The Patriot, Point Black, and The Survivor., Camouflage, an action comedy, was his creation. If the loan proceeds had been disbursed for construction costs during the period when they were promised, the house would have been completed, all problems fixed, and [the certificate of occupancy] obtained, he said. He got off to a good start, selling P. Diddys $40 million Holmby Hills mansion with an underwater tunnel. After several controversies surrounding the property, it was sold in March 2022 for $126 million, after the bankruptcy court judge authorized the sale despite objections from Niami. By. Diddy Combs for $39 million. The Pacific Ocean, downtown Los Angeles, and the San Gabriel Mountains can all be seen from here. His first film, Galaxis, was a science fiction action film released in 1995. Nile Niami is currently living a single life. Tragically, his mother was murdered by a home invader in 2001. Then, around 2008, he met a real-estate broker Drew Fenton who hinted to him about the escalating market of spec homes worth $10 to $15 million. Tom Hiddlestons net worth is $40million as of 2023. There are seven water features on the site, including a large moat that runs around the perimeter. Nile Niami (born February 25, 1968) is an Iraqi American former film producer turned real estate developer, who has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. He then learned about special effects prosthetics for horror films. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-large-leaderboard-2','ezslot_8',148,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-large-leaderboard-2-0'); However, Los Angeles Times reported in March 2021 that Niami was facingforeclosureon the property. Unfortunately, Nile could not complete construction of "The One" even after borrowing a reported $165 million from various lenders, notably car finance billionaire Don Hankey who chipped in at least $106 million over several financing rounds. On the personal home front, in 2015 Nile Niami dropped $9.5 million to buy Scooter Braun's home. If you need financial advice, please contact a Certified Public Accountant or a Certified Financial Planner or other licensed professional. Unfortunately, the property was seized when Niamis company filed for bankruptcy. During his career, he produced about a dozen films. With no buyers in sight, the lender served a notice of default on the property in March 2021. The following year, he produced the horror-thriller videoDNA. A planned foreclosure sale was temporarily halted as a result of the action. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com. In 2015, developer Nile Niami stated that the Bel Air home, which has five swimming pools and a 30-car garage, will fetch $500 million. Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! Although the film had a theater release, reviewers pointed out that the production quality was lower than most direct releases. In 2021, Niami also sold a 24,000-square-foot mansion overlooking different portions ofBel Air Country Clubfor $36 million, which he originally listed for $65 million. The Biltmore Estate in North Carolina, with 178,926 square feet, takes first place, followed by New Yorks own Oheka Castle, with 109,000 square feet. A One-Time $500 Million Bel Air Mansion Has Defaulted On Its Debt And Has Been Placed Into Receivership, Los Angeles Is Home To The Largest (And Most Expensive) Residence In The World, Los Angeles Mansion The One Formerly Priced At $500 Million, Is $100 Million+ In Default On Its Loans. After Marc Andreessens $177 million purchase of a Malibu compound last year and Jeff Bezos $165 million acquisition of the historic Jack Warner Estate in Beverly Hills, this is the third most expensive home ever sold in Los Angeles. Nile Niami was born on February 25, 1968 in Los Angeles, California. Oscar Isaacs net worth is $12 million as ofRead More Oscar Isaac Biography, Age, Height, Brother, Family, Moon Knight, Wife, Dune, Net Worth & Wiki, Henry Cavill, born Henry William Dalgliesh Cavill, is an English model, actor, fitness enthusiast, and well-known socialite. He is well-known for designing and selling mega-mansions for Hollywood celebrities. Mr. Niami grew up in a working-class area of the San Fernando Valley. The duo worked together to create a home for twins Cameron and Tyler Winklevoss. He also talked about launching a cryptocurrency based around The One, a bank called The One, and a television network called The One Truth Network. His mother was a special education teacher who also owned a bar in Burbank where she would work at nights. Top 250 Movies Most Popular Movies Top 250 TV Shows Most Popular TV Shows Most Popular Video Games Most Popular Music Videos Most Popular Podcasts. In 2015 and 2016, she was ranked as the highest-paid actress in the world.Read More Jennifer Lawrence Biography, Age, Height, Husband, Movies, TV Shows, Net Worth & Wiki, Marshall Bruce Mathers III, better known as Eminem, is an American rapper, actor, singer, songwriter, record producer, hip-hop musician, and record executive. Niami borrowed most . The Nile set wanted to succeed in the field of Hollywood special effects and makeup after finishing high school. 420 Lexington Avenue, Suite 300 The $295 million hilltop house, dubbed The One, has 21 bedrooms and 49 bathrooms. Nile Niami is a real estate developer based in Southern California. Niami initially thought that no one would buy such expensive spec homes, but he would eventually find monumental success through his luxury spec homes over the years. It was written by Nick Davis and directed by William Mesa. He is best known for constructing a 105,000 sq. A 105,000-square-foot Los Angeles mega-mansion that had been marketed for $295 million sold for $141 million at a bankruptcy auction, bringing an end to a 10-year saga of growing debt and unfulfilled dreams. He then started his own manufacturing company. The action film was about a group of prison escapees who took control of a mall. In 2017, Floyd Mayweather paid Nile Niami US$ 26,000,000 for his property. ABOUT: Built by ex-movie producer turned mega mansion developer, NILE NIAMI, The ONE will be America's largest and most expensive private residence . Yvonne Niami was the former spouse of Nile Niami. A Match Made in Heaven by Chance: Chapter 56 Release Date Revealed, Fans of The Last of Us Will be Crushed by Pedro Pascals Sad Instagram Post. Is well-known for designing and selling mega-mansions for Hollywood celebrities Cronenberg also had a theater,. Was later purchased for US $ 18 million by businessmen Cameron and Tyler.. 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