SoCal’s wildest real estate lawsuits of 2022
In the SoCal real estate industry, 2022 was the year that The One, Nile Niami’s “largest and grandest house...
Nile Niami
The Latest
Lawsuit alleges Niami blew millions on failed house flip
A former longtime investor and Nile Niami associate claims the embattled spec developer defrauded him out of millions on...
Creditors for $141M Bel-Air mansion battle for position
The Bel-Air mansion called The One fetched $141 million at an auction that sought $295 million. Now creditors are...
Issue
He bought “The One.” What’s in it for him?
Less than an hour before the scheduled deadline for the most famous residential auction in recent memory, the high...
Niami touts streaming project in wake of The One
Nile Niami is dusting himself off from his loss of The One megamansion in Bel Air, moving along to...
Judge Approves Sale of The One
Richard Saghian’s deal for The One megansion in Bel Air got a green light today as a bankruptcy judge ruled in favor of the fashion mogul’s topping $126 million bid at a recent auction....
Marathon hearing leaves The One up in air
The fate of The One megamansion in Los Angeles’ Bel Air neighborhood remains unclear after a hearing on the recent auction of the bankrupt property stretched for more than four hours today. U.S. Bankruptcy...
Niami cancels tour of The One
Spec developer Nile Niami has canceled a tour of The One megamansion for would-be investors and the media, the latest turn in a roller-coaster ride through bankruptcy and last ditch effort to stop an...
Niami schedules tour in last-ditch try to save The One
Spec developer Nile Niami is expected to conduct a tour of The One today in hopes of enticing would-be...
Weekend Edition
Let me be The One: Bel Air mega-mansion sells for discounted $126M
A mega-mansion in Bel Air envisioned to have a manufacturer’s suggested retail price of $500 million has sold for...
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