It’s all a rather sudden and surprising end to Niami’s long-running Opus saga. Indeed, it may not have even topped $40 million. ![]() Very soon after that, according to the source, the property will return to the market - at a substantial price increase - and continue seeking a new owner, this time on behalf of Englanoff.Īnd while the deal did, according to the source, include several of Niami’s “toys” - including exotic automobiles - the total value of the unconventional exchange came nowhere remotely close to $50 million. ![]() Rather, he has already announced plans to give the house a “light” remodel and swap out the existing furniture for newer bespoke pieces. He also was the principal owner of a Bird Streets mansion that sold in 2016 for $32.5 million.Īccording to a source with knowledge of the transaction, the $38.3 million Opus transfer was not a standard sale, and Englanoff does not intend to live in the property. Last year, he sold a sleek new home on Malibu’s exclusive Carbon Beach for $29.1 million to Joe Lacob, majority owner of the Golden State Warriors. mansion developer, though perhaps not quite so well-known as Niami. ![]() Joseph Englanoff, who also happens to be one of the several individuals and entities that provided him many millions of dollars for financing the home’s construction.Įnglanoff is also a prolific L.A. As the Wall Street Journal first revealed, the mysterious buyer is a longtime personal friend of Niami’s, Dr. However, the full story is significantly more complex.
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