Housing slowdown? Looming recession? Not for the ultra-rich buyers of L.A.’s 8-figure condos
LA TimesThe East penthouse at the new 8899 Beverly luxury building in West Hollywood, for sale for $50 million off-market, would break the county’s record for most expensive condo if it sells at that price. Two dozen of L.A.’s top real estate agents — the sunglasses-indoors kind who regularly appear on reality television — were tended to by a cadre of young women in identical cream outfits, hired for the evening to serve as “personal concierges.” Eight hundred gardenias were flown in from a San Francisco Bay Area flower farm, separated into individual vases and spaced exactly four inches apart on a long tablecloth-draped table. Guests at a dinner to reveal the East penthouse at 8899 Beverly included two dozen of L.A.’s top real estate agents. “If you’re talking about the ultra-luxury market — like over $5 million, $10 million — what you’re seeing is a buyer that collects residences almost like art,” said Fredrik Eklund, one of the listing agents handling sales at 8899 Beverly.
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