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Fashion nova golf5/19/2023 ![]() It isn’t just known for its budget-friendly looks, but also for support from celebrities such as Lil Nas X and Cardi B. a city southeast of downtown Los Angeles. Saghian founded Fashion Nova in Vernon, Calif. Saghian is legally obliged to close on the deal by March 21. As a lifelong Angeleno and avid collector of real estate, I recognized this as a rare opportunity that also lets me own a unique property that is destined to be a part of Los Angeles history.”Ī bankruptcy court judge plans to hold a hearing to review the sale later this month to decide whether or not it should proceed. ![]() “The One Bel-Air is a once-in-a-lifetime property that can never be duplicated,” Saghian, 40, told the Times in a statement. ![]() The One had originally aimed to fetch $500 million for sale. At the time, the Wall Street Journal reported the buyers are local to Los Angeles who won’t live there, but planned to use it as an investment. On Thursday, the 21-bedroom home sold at a no-reserve auction for $126 million, or $141 million when including the fee. The estate sold far below its intended $500 million asking price, and its most recent one of $295 million while listed by real estate brokers on the open market. Richard Saghian, who founded the company in 2006 and serves as its CEO, is the winning bidder of “the One” - a Bel-Air property that’s the largest home in the City of Angels, The Los Angeles Times reports. mansionĬar dealer sets record in Palm Beach with $170M mansion purchaseįast fashion company Fashion Nova keeps its prices affordable - but its owner splashed out nine figures to buy a roughly 105,000-square-foot Los Angeles mansion. ![]() Jared Kushner, Ivanka Trump making progress on $32M Fla. Sherry Bronfman’s stately NYC mansion to list for $24M The most expensive house in Texas hits the market for $60M ![]()
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