Trousdale Estates is arguably the most desirable enclave in Beverly Hills, famous for its collection of trendy midcentury modern homes with panoramic L.A. skyline views. One of the largest and most private residences up there recently made waves when it sold for $35 million, a discount from the hefty $46 million asking price but still among the biggest transactions ever recorded in the area.
RH CEO Gary Friedman Buys $37 Million Beverly Hills Estate
14.01.2020 - 07:51 / variety.com
Yet another sky-high residential transaction has recorded in one of L.A.’s tonier zip codes. This time, a brand-new house tucked into the mountains above Beverly Hills — in an area of Los Angeles city known as Beverly Hills Post Office — sold for $37 million to Gary Friedman, the sociable and perma-tanned longtime CEO of RH (formerly Restoration Hardware.) The deal was first reported by the Wall Street Journal.
Built on speculation by former Northrop Grumman CEO Kent Kresa in collaboration with
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variety.com
31.01.2020 / 11:31
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variety.com
22.01.2020 / 12:21
RH CEO Gary Friedman Bags Another Beverly Hills Estate
Famously audacious RH CEO Gary Friedman is known for his big, brash bets on retail, to the tune of his $50 million, eye-popping showpiece of a RH Gallery in Manhattan’s Meatpacking District. Even as competitors shutter their physical store operations en masse, his strategy has paid off — the stock price for Restoration Hardware Holdings has jumped by a wild 850% over the past three years.