nile niami website

[5][8][9] After eight years of development and numerous delays, it was completed in 2021. Nile Niami is a real estate developer based in Southern California. He started out as a film producer then transitioned into the real estate development world. The Nile is said to have a special affinity with his sons. Around that time, he began buying small homes in the San Fernando Valley as a side business, fixing them up and flipping them, he told The Wall Street Journal in 2018. He spoke of having holograms of entertainers like Whitney Houston, Michael Jackson and Elvis Presley entertain crowds at these events. Unfortunately, this massive project caused Niamis company, Crestlloyd, to declare bankruptcy. He has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. The property, which took nearly a decade to build, stands atop a hill in Bel Air with views of the Los Angeles basin. Nile Niami's mega mansion in Bel Air California sold for a record setting $141 million dollars earlier this year, but the story isn't over yet. The founder of the fast-fashion company Fashion Nova had a budget of $50 million to $150 million and was looking for a house with views and a Jacuzzi off the primary bedroom, according to Mr. Williams and Hilton & Hyland agent Stuart Vetterick, who said they showed Mr. Saghian around almost every major L.A. listing. Show details Hide details . After getting married in the late 1990s, he and Ms. Niami began eyeing bigger and bigger homes. Nile Niami is well-known as a professional realtor. About the time of the bankruptcy filing, fashion mogul Richard Saghian had spent about five years looking for his L.A. dream house. As his producing career rose, Nile began making real estate investments, flipping cheap homes in LA's suburbs. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. Nile Niami trains skilled individuals. Everyone Wants to Know His Early Life, Career, Education, Awards & Much More! In April 2020, his lender on Opus reportedly filed a default notice on the property, forcing Niami to turn over ownership. The upcoming real estate projects Nile is working on will significantly increase the value of his current net worth. The next year, Niami produced the horror crime filmResurrectionand the crime-thriller TV movieJustice. Nile Niami (born February 25, 1968) is an Iraqi American former film producer turned real estate developer, who has built and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills. DISCLAIMER: The currency conversion is provided for illustration purposes only. In 2017, Nile completed work on a home in Beverly Hills which he soon listed for $100 million. Later, Niami founded his own production company and produced over a dozen films, many of them were straight-to-video B movies. According to its chairman, Fred Rosen, the mansion was so large that it should have been considered a commercial endeavour.. Opus was listed for $100 million and included in the sale price are two gold cars, a Lamborghini and a Rolls-Royce. Michal Czerwonka for The Wall Street Journal, Jeff Bezoss Parents Buy Miami Megamansion for $34 Million, Modern Miami Home on the Venetian Islands With Lots of Natural Materials, Sleek Modern Home in the 90210 ZIP Code of Beverly Hills Lists for $3.5 Million, Out-of-Towners Migrating to Relatively Affordable Cities Can Outspend Locals by as Much as 39%, Low Supply and Rising Rates Slow Hamptons Sales, but Prices Are Still Going up, An Artists Gallery-Like Villa in Ibiza, Spain, Designing a Kids Room With Practicality and Style, Palm Beach Is Still HotJust Take This Property Asking Three Times Its April 2021 Sale Price. Nile Niami was conceived in Los Angeles, California, on February 25, 1968. Mr. Saghian hadnt made an offer, the agents said, but as the auction loomed in early 2022, they convinced him to see it again. The massive house is over a hundred thousand square feet, making it one of the biggest personal homes in the United States. They spent about four hours one evening exploring the house. The following year, he produced the horror-thriller videoDNA. Nile Niami was born in Bel Air, Los Angeles, California in 1968. -Scott #nileniami #theoneDisclaimer: This channel, and any communication shared during these videos, should not be taken as financial or legal advice. With an original list price of $340 million, it was set to be the most expensive personal home in the country. [1] Early life [ edit] Niami was born in 1968 in Los Angeles, California. But his plans are now in peril. The Nile set wanted to succeed in the field of Hollywood special effects and makeup after finishing high school. In some ways, the story of Mr. Niami, the man behind The One, is as compelling as the house itself. All six posts showed up in May 2022, a sign that future social media engagement may be on the horizon for the real estate developer. When you reinvest everything into one Camelot project, it is devastating to see that money vaporize in front of you, Mr. Niami said through his spokespeople. Mr. Saghian and Mr. Niami had first met a few years earlier, when Mr. Niami gave Mr. Saghian a tour of The One. Nile Niami has a personal net worth of US$ 50 million as of 2022. The Nile is of American nationality, and based on his looks, he appears to be of mixed white ancestry. This account is based on interviews with lenders, business associates, personal friends, real-estate agents and construction experts who interacted with Mr. Niami while he was building The One. He has been selling houses worth hundreds of millions of dollars. During his career, he produced about a dozen films. He believed high end home owners would be less susceptible to financial crashes and less reliant on bank approvals, and therefore less risky for a developer. However, he also made money on top of that with his real estate sales, upping his average annual income significantly. Suddenly, a new bidder entered the fray, placing a bid of $90 million: Mr. Saghian had changed his mind. She holds a bachelor degree in computer science from Shivaji University in 2020 and has done a masters in business administration specializing in business analytics from Pune University. Niami, the mega mansions developer, assisted in the mega mansions Chapter 11 bankruptcy filing last year. Today, he is very known for building extravagant homes in Los Angeles. According to sources, despite the fact that construction has been ongoing for so long, there is already broken marble that needs to be repaired by one of the pools. Most significantly, McClean helped Niami to design The One.. What Is Tom Selleck Net Worth? Since his acrimonious public divorce, he hasnt been seen with anybody and hasnt made any public announcements about his relationship status. [7], Niami's mega-mansion in Bel-Air, "The One" (.mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}340518N 1182706W / 34.0883134N 118.4516027W / 34.0883134; -118.4516027), was also designed by Paul McClean. The receivership marks a stunning reversal for "The One". Two years later he sold a mansion in Beverly Hills for $38.3 million. Tom Hiddlestons net worth is $40million as of 2023. If you need legal advice, please contact an attorney directly. Nile Niami finished the property named Opus in 2017 which is located in Beverly hills and boasts 20,500 square feet. Mr. Niami was also undergoing changes in his personal life. ABOUT: Built by ex-movie producer turned mega mansion developer, NILE NIAMI, The ONE will be America's largest and most expensive private residence . Roughly $2 million worth of art and other accessories were included in the price. She also started the charity clothing business N: Philanthropy. In 2017, he completed a 21,000-square-foot mansion known as Opus in Beverly Hills, which he would list for $100 million. [3], As a real estate developer in Los Angeles, Niami built a mansion in Holmby Hills which he sold to a Saudi buyer for US$44 million. Movies. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-large-leaderboard-2','ezslot_8',148,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-large-leaderboard-2-0'); However, Los Angeles Times reported in March 2021 that Niami was facingforeclosureon the property. See you next video! Niami gained massive popularity when he started constructing a 100,000-square-foot megamansion dubbed The One in Bel Air, which he listed on the real estate market for $500 million. ], Nick Carter Net Worth [From Backstreet Boy to Business Tycoon], Martin Short Net Worth [Struggling Comedian to Millionaire Superstar], Todd Graves Net Worth [The Man Behind Raising Canes], Kevin Feige Net Worth [Architect of the Marvel Cinematic Universe], Fizz Debit Card [An Honest Review in 2023], Rocket Money vs. Mint [An Honest Comparison], Meet Beagle [Find Lost Money An Honest Review], Film Producer, Land Developer, Restaurateur. During their marriage, they participated in many philanthropic endeavors. 95662, United States. At the age of 19, he started working with his elder brother Doug Witkins. His mother was a special education teacher who also owned a bar in Burbank where she would work at nights. The One was a hard sell, according to agents who toured the property. But Mr. Niami soon found himself facing more competition amid a glut of spec homes. Nile Niami's "The One" is in court-appointed receivership after the spec developer defaulted on more than $165 million in debt he borrowed to build the Bel Air behemoth. Although his LLC, Crestlloyd, declared bankruptcy, Niami continues to hold onto his personal wealth. He dubbed the 20,500 square-foot spec home "Opus". And hes a smart guy. Diddy Combs for $39 million. He started his own production company a few years later. He then produced the 1997 action filmT.N.T. In the years that followed, he would go on to produce the movies Terminal Force in 1995, DNA in 1996, T.N.T. in 1997, Point Blank, The Patriot, The Survivor, Resurrection, The Watcher, and both Camouflage and Tart.. In October 2021, after issuing Mr. Niami several extensions on his loans, Mr. Hankey filed to foreclose on The One. We were trying to limit our funds to make sure that they went in the right place.. He then completed the construction of the megamansion in early 2021, after eight years of development. In 2001, he produced the action-comedy filmCamouflageand the romantic crime-drama filmTart. He had every opportunity to do so over the course of several years of our friendship, but instead waited for a fire-sale auction that he knew would leave me with nothing.. The Making of the Most Expensive Mansion in History. Everyone Wants to Know His Early Life, Career, Education, Personal Relationship, Awards & Much More! In 1999, Niami produced a horror film, Resurrection. It was directed by Russel Mulcahy and starred Robert Joy, Leland Orser, and Christopher Lambert. In the same year, he also created the romantic crime drama Tart.. Technically to receive it's certificate of occupancy. Nile Niami is a real estate developer and film producer from the United States. He collaborated with architect Paul McClean in many of his projects. There are several pools and even a moat. However, Nile Niami has a verified Instagram profile, where hes shared only six posts. Nile worked with architect Paul McClean to build a house for the twins Cameron and Tyler Winklevoss. When he was 19 years old, Nile Niami began working with his Big Brother tutor, Doug Witkins. He paid $8.25 million for the South Mapleton Drive site Ms. Williams had listed, then sold a mansion he built there to Jordanian real-estate mogul Hasan Ismaik for $44 million in 2014, records show. Sitting on one acre, the home has 7 bedrooms, 11 bathrooms and a champagne vault. The home has cracks in and around many of the pools and stonework, as well as symptoms of mold, according to the receivers report and an engineering analysis. Nile Niami is the real estate developer behind 'The One' Bel Air, a $500 million dollar spec mega-mansion that recently became listed as the most expensive h. His $100 million house, called Opus, was eventually evaluated at $38 million and sold for an undisclosed sum. Nile Niami is an American millionaire who is both a film producer and a real estate developer. If the loan proceeds had been disbursed for construction costs during the period when they were promised, the house would have been completed, all problems fixed, and [the certificate of occupancy] obtained, he said. All net worths are calculated using data drawn from public sources. Nile Niami continues to work as a real estate developer to this day. It was a very competitive bidding process, Brady added We had a strong field of bidders, with bidders from multiple countries. Brady said, declining to comment on the buyer, who is anticipated to be identified in the coming days to the bankruptcy court. He began his career as a film producer before moving into real estate development. In April 2021, Chinese businessman Louis Hsieh bought Niamis Carcassonne Road 28,000-square-foot mansion for $36 million. Now, as a real estate developer in Los Angeles, Niami built a home in lowly hills that was valued at the US $44 million and was sold to a buyer from Saudi Arabia. Crestlloyd filed for bankruptcy in October 2021 and the home was put into receivership by the courts, where Ted Lanes of Lanes Management would complete and sell the home. More info can be found here. He was reared by a single mother who worked as a special education teacher, according to accounts. McClean Design has grown over the years, becoming one of the most prominent contemporary residential design firms in Southern California. During L.A.s Covid-19 lockdowns in 2020, eight citations were issued for illegal parties at properties owned by Mr. Niami, according to the Los Angeles Police Department. Starz Login and Activate Account: How to Sign In and Activate Starz on Various Devices? Mr. Niami said through a spokesperson that he and his ex-wife Yvonne Niami ended up losing $44 million on the project, plus 10 years of my life.. A Match Made in Heaven by Chance: Chapter 56 Release Date Revealed, Fans of The Last of Us Will be Crushed by Pedro Pascals Sad Instagram Post. Please see our full disclaimer for more details. ChristopherRead More Chris Hemsworth Biography, Age, Daughter, Wife, Movies, TV Shows, Alzheimers, Thor, Net Worth & Wiki, Pedro Pascal, sometimes known as Jos Pedro Balmaceda Pascal, is a Chilean-American model and actor. He then became a real estate developer. People started coming in and they started copying me, he said in 2018. all Biography and data about your favorite person are correct. The One is also the most expensive residence ever sold at auction in the United States and the world, surpassing a mansion auctioned in Beverly Park last year for $51 million. Nile Niami was born in 1968 and is currently residing in Los Angeles, California. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. This first film received many negative reviews. In high school, He pursued cosmetology training at night. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-banner-1','ezslot_5',147,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-banner-1-0'); Niami also placed a West Hollywood spec mansion into bankruptcy in December 2020 when a creditor took control of the mansion. He also produced the romantic crime drama Tart that same year. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[580,400],'biographyhost_com-medrectangle-3','ezslot_3',114,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-medrectangle-3-0'); Nile Niami was born in Los Angeles, California, in 1968. Nile Niami owns The One Bel Air, which he describes as one of the most costly homes in the world. There is a 4,000 square-foot guest house. He immediately came to the conclusion that he couldnt make a living as a producer. This couple has two kids. Estimates for Niamis net worth sit around $50 million. Don Hankey, a subprime banking giant from Los Angeles, was the projects largest lender, lending more than $125 million. You know why? Since then, he's worked on building and renovating large homes in the Los Angeles area. We assure our audience that we will remove any contents that are not accurate or according to formal reports and queries if they are justified. Before he began constructing little condominiums and remodeling houses for resale, he produced . It was 2011, and she was waiting for a potential buyer. Get WhatsApp Aero APK Anti-Ban (Official Latest): Everyone Wants to Know This! As of 2022, his net worth was approximately $50 million. He is best known for constructing a 105,000 sq. In 1998, Niami produced Point Blank, a direct-release film starring Mickey Rourke. Mr. Ismaik didnt respond to a request for comment. Today he is best-known for developing extremely lavish mansions in Los Angeles that can cost $100 million and above. Nile Niami first spoke with a real estate agent Drew Fenton. He got off to a good start, selling P. Diddys $40 million Holmby Hills mansion with an underwater tunnel. Nile Niami was born on 25 February 1968, his age is 54 years old as of 2022. Dit huis pronkt met een verbluffende mix van moderne architectuur en gedurfde designelementen en . Method Man Net Worth: Heres Check All information Regarding His Early Life, Professional Career, Married Life, Awards & Latest Updates! Nile Niami. Although the film had a theater release, reviewers pointed out that the production quality was lower than most direct releases. [2] He was raised by a single mother,[3] a special education teacher. The Nile eventually began to build tiny condominiums and renovate apartments, which he then sold for a profit. He is listing it for $39.995 million. Michal Czerwonka for The Wall Street Journal The Pacific Ocean, downtown Los Angeles, and the San Gabriel Mountains can all be seen from here. Martell Holt Net Worth, Early Life, Career, & Personal Life. Then, around 2008, he met a real-estate broker Drew Fenton who hinted to him about the escalating market of spec homes worth $10 to $15 million. This Bel Air mega-mansion is another collaboration between Niami and Paul McClean. We commit to cover sensible issues responsibly through the principles of neutrality. [18], Last edited on 20 February 2023, at 21:58, "Foreclosure looms for Nile Niami's infamous mega-mansion 'The One', "The Making of the Most Expensive Mansion in History", "Who Wants to Buy the Most Expensive House in America? Nile Niami Goes BANKRUPT For "Biggest Modern Home in America"Hi there, and welcome to Inner Dive! Ted Lanes of Lanes Management was appointed as receiver. Then, around 2015, Mr. Niami began telling reporters about a house he planned to call The One, which would be priced at $500 million. Instead, the home was auctioned off for $126 million, leaving a trail of debt in its wake. Add all three to Cart . Niami had been educated by his mother, a special education teacher. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'biographyhost_com-leader-1','ezslot_10',149,'0','0'])};__ez_fad_position('div-gpt-ad-biographyhost_com-leader-1-0'); They have two sons, Bryce Niami and Brent Niami. Nile Niami, is a well-known American film producer and real estate developer, with a net worth of $55 million. Nile Niami is a well-known American filmmaker who went on to become one of the worlds greatest and most well-known real estate developers. His mother worked nights at the Burbank bar she owned while still teaching special education. Today he is best-known for. He grew up dirt poor in LA's San Fernando Valley. Crustica offers the diner a healthier version of pizza, with the slogan NY folds it, LA rolls it.. While still a high school student, he pursued cosmetology training after school. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. This perception was bolstered by Mr. Niamis active social-media presence. Nile, who started out as a filmmaker and later became a real estate developer, is well-known for his outspoken personality and ambitious real estate projects. Niami borrowed tens of millions of dollars over the years to fund the massive project. (Theyre extremely close to receiving the certificate of occupancy; the city and the Bel Air homeowners association are still negotiating; its all about money at the end of the day, a source said.). Similarly, after three years, in 2017, he sold a $26 million mansion to Floyd Mayweather. More: Out-of-Towners Migrating to Relatively Affordable Cities Can Outspend Locals by as Much as 39%. The The mansion became the most expensive private residence in the United States and one of the most expensive homes in the world. The latest episode of The Last of Us showed STARZ is an American TV station that has a What Is the Net Worth of Johnny Knoxville? He worked on developing and flipping houses. Top 250 Movies Most Popular Movies Top 250 TV Shows Most Popular TV Shows Most Popular Video Games Most Popular Music Videos Most Popular Podcasts. In the year leading up to the auction, the Williamses said, they brought Mr. Niami several offers from Middle Eastern buyers, but he never acknowledged them. Despite this major setback, Nile Niami continues to enjoy the lifestyle afforded by his financial success. Nile Niami, is a well-known American film producer and real estate developer, with a net worth of $55 million. Unfortunately, the property was seized when Niamis company filed for bankruptcy. Shirleyjoined EC The Hub inlate2016in the newly created position of managing editor, designed to help the foundation bolster its editorial systems and capacity. He produced over a dozen of films, includingThe Galaxies(1995),The Patriot(1998), andThe Watcher(2000). Two years later, Niami sold one of his spec homes to rapper and musician Sean Combs, a.k.a. Nile was born in the year 196 in Los Angeles, California. It was written by Nick Davis and directed by William Mesa. Niami told reporters at the time that he was working on a deal. Nile Niami is currently living a single life. The Biltmore Estate in North Carolina, with 178,926 square feet, takes first place, followed by New Yorks own Oheka Castle, with 109,000 square feet. However, we do not have access to information on his schooling. Nile has also created Wolfpack, a smartphone app that connects men and women searching for mates. His wealth as a real estate developer is enormous. To report about any issues in our articles, please feel free toContact Us. The sale price includes a gold Lamborghini, a gold Rolls-Royce Dawn a full-time house manager whose salary would be covered for two years. Besides the real estate project, he has also launched an app Wolfpack, designed especially for single men who are looking for friends. Nile Niamis net worth is calculated based on his income from his time in film and his years as a real estate developer. In 2001, she was tragically killed during a home invasion. At age 19, Niami worked with Doug Witkins, his mentor from the showBig Brother, to sell international movie rights at Witkins film distribution company. One was sold to a Saudi buyer for $44 million and the other was sold to musician Sean P. He also built a massive home in Trousdale Estates (a neighborhood in Beverly Hills) that featured a spinning car turntable visible from the living room. At that point, Mr. Niami told the Journal that the stress of his business was taking a toll. This marks the first of the 50 locations that Nile Niami plans to open. Mr. Saghian declined to comment on that accusation. Mr. Niami also used unconventional marketing techniques, real-estate agents said. A lot of people didnt want to buy a house thats more famous than them, said Aaron Kirman of Compass, one of the agents who worked on marketing the property. Niami reportedly rejected a $50 million offer for the home from Chinese billionaire William Ding. Jay Influencer March 27, 2022 Luxury, Finance No Comments When bidding finished on March 3, a Los Angeles mega-mansion that was the largest U.S. residence to ever put up for auction sold for $141 million, including fees. After a year, he earned great success with his luxury specs house. Some of the underbelly of Los Angeles got to him, and he lost his focus, said Mr. Williams. It was a business model that Mr. Niami would successfully replicate over and over again: He equipped his homes with over-the-top amenities, such as Champagne vaults and glass-bottomed pools, and put higher price tags on them than the market had previously supported, Ms. Williams said. Mr. Niami said through his spokespeople that if I were allowed to follow that dream, all of the investors and lenders would have been paid in full, and I would have been in profit on the project.. In 2014 he sold a custom-built mansion in Holmby Hills to P. Diddy for $39 million. [2] It was billed as the most expensive private residence in the United States,[10] and at 105,000 square feet, is one of the country's largest private homes. Ontwikkeld door voormalig filmproducent Nile Niami en architect Paul McClean, beschikt het Opus-landgoed over zeven slaapkamers, 11 badkamers en een overweldigende eigentijdse sfeer die 20.500 vierkante meter aan luxueuze leefruimte beslaat. He has turned many neglected estates into megamansions in Los Angeles. What are your thoughts on the One being finally sold ? He is a real estate entrepreneur who was raised by his single mother at the age of 54. Thank you for supporting my channel. How much is he worth, exactly? The main house has nine bedrooms. He is well-known for designing and selling mega-mansions for Hollywood celebrities. 102k Followers, 3 Following, 41 Posts - See Instagram photos and videos from The One (@nileniami) Single men who are looking for his L.A. dream house McClean to build a house for the twins and... That can cost $ 100 million and above produced about a dozen films McClean in many them. Mr. Niami, the Patriot, the home from Chinese billionaire William Ding comment on the buyer who... At that Point, Mr. Hankey filed to foreclose on the property, Niami... 90 million: Mr. Saghian had changed his mind 2 million worth US... 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