Billionaire Richard Lewis buys one of the priciest condos ever in LA

The real estate executive is moving up closer to the helipad at the Beverly West tower

Jul.July 19, 2019 09:00 AM
Richard Lewis and Beverly West (Credit: Hilton & Hyland, Google Maps)
Richard Lewis and Beverly West (Credit: Hilton & Hyland, Google Maps)

Billionaire real estate executive Richard Lewis is the newest owner of one of the most expensive condominiums ever sold in Los Angeles.

He paid $21 million for a 7,957-square-foot penthouse at the Beverly West Residences, the Wall Street Journal reported.

Lewis and his wife, Federica Lewis, also gave their half-floor unit at the Beverly West Residences back to the developer, Emaar Properties. They had paid $5 million for that space in 2012.

The penthouse sports a 360-degree view with three bedrooms. It has floor-to-ceiling windows, and it comes fully furnished. The building also features a fitness center, saltwater pool and spa, and a helipad.

The penthouse was one of five units that went on the market this month with prices starting over $20 million, the Journal added.

United Arab Emirates-based Emaar Properties, which developed the tallest structure in the world in Dubai, started building the tower on the Westside in 2008. It includes 34 units.

Ellen DeGeneres, who typically turns a profit on real estate deals, lost nearly $1.2 million when she flipped two condos at the tower. Clippers head coach Doc Rivers previously lived in the tower as well before he moved to a home in the Bird Streets in May.

Bill Simpson, Jeff Hyland and Susan Pekich of Hilton & Hyland handle sales at the building.

Lewis — not to be confused with the comedian by the same name — is president of the California division at the Lewis Group of Companies. His primary residence is in Laguna Beach. [WSJ] — Gregory Cornfield

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