The Mountain of Beverly Hills, which hit the market last year with a bang for a record $1 billion, has fizzled out, selling for just $100,000 at a foreclosure auction. The buyer and only bidder was the lender, an entity linked to the Mark Hughes Trust. The Wall Street Journal first reported the story. The sale marks a monumental disappointment for the Mountain’s now former owner, Secured Capital Partners. In July 2018, the company got […]
source https://therealdeal.com/la/2019/08/20/the-mountain-of-beverly-hills-goes-for-a-molehill/#new_tab
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