Nelson Rising seeks buyer for longtime family home

Rising built Downtown’s Library Tower

TRD LOS ANGELES /
Oct.October 17, 2017 01:00 PM
Nelson Rising and the property at 435 Georgian Road (Credit: MLS, Rising Realty Partners)

UPDATED, Wednesday, October 18, 2017, 8:30 a.m.: The Rising family is seeking a buyer for a property — and its not on its development turf in Downtown Los Angeles.

Nelson Rising, chairman and CEO of Rising Realty Partners, is listing his 8,100-square-foot family home in La Cañada Flintridge for $8.5 million, The Real Deal has learned. This will be the first time the home hits the market in over 32 years.

The 1924-built Georgian Colonial Estate in the northeast section of L.A. County has six bedrooms, eleven bathrooms, a formal dining room that can fit 22 people, a library, a wine cellar and a media room. A 930-square-foot guest house, a swimming pool with a 200-square-foot pool house, a large patio, avtennis court and a vegetable garden lie within the two-acre gated compound.

Janice McGlashan of Coldwell Banker Global Luxury has the listing.

Rising Realty, led by Nelson and his son, Chris, have had a major hand in shaping Downtown’s development. Most recently, their company paired with Tom Barrack’s Colony NorthStar to purchase One California Plaza for a whopping $460 million. The firm famously renovated the PacMutual building before leasing it up and selling it for a hefty profit.

Nelson Rising, who was a developer of the U.S. Bank Tower, formerly chaired the Federal Reserve Bank of San Francisco.


Related Articles

arrow_forward_ios
The Park Calabasas and Chris Rising (Credit: Jeff Newton)

Rising Realty fills Park Calabasas with latest big lease

Rising Realty fills Park Calabasas with latest big lease
KTGY CEO Tricia Esser and the Trust Building

Rising Realty signs KTGY Architecture as first tenant at renovated Trust Building

Rising Realty signs KTGY Architecture as first tenant at renovated Trust Building
Malibu Real Estate Investments principals Bedros Oruncakiel and Kirkor Suri

Malibu spec mansion lists amid softening luxury market

Malibu spec mansion lists amid softening luxury market
Chandler Parsons and his property on Stone Canyon Road (Credit: Getty Images)

Durant wants out of Malibu, and now Chandler Parsons is listing his Bel Air mansion

Durant wants out of Malibu, and now Chandler Parsons is listing his Bel Air mansion
CoreLogic's Andrew LePage and Orange County (Credit: Wikipedia)

SoCal housing market shows signs of life, with a caveat: report

SoCal housing market shows signs of life, with a caveat: report
Bridge Housing CEO Cynthia Parker and a rendering of the view from Walnut and Anaheim (Credit: SVA Architects)

Fully affordable complex set to rise in vacant Long Beach lot

Fully affordable complex set to rise in vacant Long Beach lot
Tracy Tutor and her Brentwood home

Tracy Tutor of “Million Dollar Listing ” asking a lot more for Brentwood home

Tracy Tutor of “Million Dollar Listing ” asking a lot more for Brentwood home
Anton Lessine and 321 South Bristol Avenue, and Behati Prinsloo and Adam Levine with their home (Credit: Getty Images and Zillow)

This week in celeb real estate: Adam Levine unloads $45M home, a Hollywood film producer sells in Brentwood…and more

This week in celeb real estate: Adam Levine unloads $45M home, a Hollywood film producer sells in Brentwood…and more
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...