Former Shvo-Owned Mandarin Oriental Lands Penthouse Buyer

The Mandarin Oriental Residences reeled in a $13.3 million penthouse buyer, in Los Angeles County’s priciest per-square-foot condo deal so far this year.

The trade, which was recorded Tuesday, comes after Centurion Real Estate Partners bought the condo residences at 9200 Wilshire Boulevard in Beverly Hills from an investor group led by Michael Shvo, which defaulted on a $200 million loan tied to the Mandarin’s 44 units. A bulk sale of the residences occurred in September 2024.

Centurion’s repositioning of the property included a roughly 20 percent reduction from the original pricing, offering a one-bedroom for $2.6 million and a three-bedroom for $7.3 million.

The penthouse traded for $3,852 per square foot, the county’s most expensive condo sale by that metric this year, according to records with the Multiple Listing Service and Zillow.

A unit at the Residences at WeHo Edition traded in January for $3,665 per square foot and an overall price of $14 million. Those condos are above the West Hollywood Edition hotel, at 9040 West Sunset Boulevard in West Hollywood.

A Centurion spokesperson said the buyer is a Beverly Hills resident.

Compass’s Brian Nelson and Penelope Stipanovich represented the buyer and seller in the deal.

The three-bedroom, four-bathroom unit has views of the Hollywood Hills, Beverly Hills and Century City. Other highlights include a butler’s pantry, wraparound terrace and private roof deck.

Last year’s priciest condo trade was the $39.1 million purchase by former OPI executive Miriam Schaeffer of the penthouse spanning the entire 39th floor at 1 West Century Drive in Century City. That sale equated to $4,153 per square foot for the 9,420-square-foot residence and was also the priciest condo deal in the county over at least the past three years, per Zillow records reviewed by TRD Research.