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Search resuls for: "Richard Saghian"


4 mentions found


☆ Some wealthy people trying to sell their luxury homes are struggling
  + stars: | 2024-05-28 | by ( Alcynna Lloyd | ) www.businessinsider.com   time to read: +5 min
Read previewThe world of luxury real estate might seem like a place where deals are plentiful, transactions are swift, and satisfaction is guaranteed. "I wanna be free to garden and travel and not have to worry about the house — but I'm not taking nothing," Morgan told Curbed. "A lot of luxury buyers may already have a primary home, so maybe they're looking for a new investment," StreetEasy Senior Economist Lee said. AdvertisementThat's partly why more luxury buyers are increasingly considering renting out their homes rather than selling them, he added. Concierge AuctionsLee noted another factor contributing to the difficulty of selling luxury properties: the high costs associated with their maintenance and upkeep.
Persons: —, Kenny Lee, Sonja Morgan, John Adams Morgan, Morgan Chase, Morgan, Curbed's Bridget Read, I'm, Michael Jordan, There's, Nile Niami, Richard Saghian, Ron DeSantis, Lee, canalso, It's Organizations: Service, Business, Housewives, New, Fashion, Florida Gov, Morgans, Yorker Locations: New York City, New York, Chicago, Los Angeles, Upper Eastside
☆ Meet Fashion Nova's billionaire CEO who owns the biggest modern home in the US —a $126 million LA megamansion
  + stars: | 2023-04-28 | by ( Áine Cain | Sarah Jackson | ) www.businessinsider.com   time to read: +1 min
Richard Saghian is best known as the fashion mogul behind Fashion Nova, but he's also snapped up pricey real estate. Within a year, he bought a $40 million home on Malibu's "Billionaire's Beach" and shelled out $126 million for the biggest modern home in the US. The billionaire exec has shelled out $40 million for a 6,000-square-foot home on Malibu's exclusive "Billionaire's Beach," The Real Deal reported. Less than a year prior, Saghian bid $126 million at auction for a Los Angeles megamansion. Nicknamed "The One," the 105,000-square-foot property is considered the biggest modern home in the US.
☆ Fashion Nova founder joins 'Billionaire's Beach' with all-cash purchase of $40 million Malibu property — a 20-minute drive from his $126 million Bel-Air mega-mansion
  + stars: | 2023-01-06 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +2 min
Fashion Nova founder Richard Saghian is now a resident of Malibu's exclusive Billionaire's Beach. Saghian paid $40 million in an all-cash deal for the Malibu beachfront home. Less than a year ago, Saghian purchased "The One" in Bel-Air for $126 million, the largest modern home in the US. According to the listed addresses for both properties, Saghian's new home is just a 20-minute drive from his megamansion in Bel-Air. The fashion executive secured his new Malibu home for $20 million less than its June asking price of $69 million, according to The Real Deal.
☆ Meet Fashion Nova's billionaire CEO, who just bought a $40 million beach home after buying the biggest modern home in the US last year for $126 million
  + stars: | 2022-03-08 | by ( Áine Cain | Sarah Jackson | ) www.businessinsider.com   time to read: +2 min
Richard Saghian is best known as the fashion mogul behind fast fashion brand Fashion Nova. Saghian is also snapping up pricey real estate. But that isn't his first big real estate purchase in LA. Last year, he shelled out $126 million for a Bel-Air megamansion, the biggest modern home in the US. The billionaire exec recently shelled out $40 million for a 6,000-square-foot home on Malibu's exclusive "Billionaire's Beach," The Real Deal reported.
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