C
alifornia-based Belwood Investments is reportedly set to purchase Kanye West's Malibu home, according to a recent press release. The sale price is expected to be around $21 million, which is significantly lower than the $57.25 million West paid for the property in 2021. The home was designed by renowned architect Tadao Ando and is known for its unique use of concrete as a primary building material. Despite its architectural significance, West left the residence gutted and exposed to the elements, which led to a drastic price cut. Belwood plans to invest $5 million in renovations to restore the property to its original state, honoring Ando's innovative design elements. The transaction has not yet closed, and the home's future remains uncertain.
realestate
Unveiling the Mystery Buyer of Kanye West's Demolished Malibu Mansion
Tadao Ando-designed residence to undergo renovation under crowdfunding firm ownership.
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realestate
Gloucester County Homes for Sale: Luxury Options Under $500,000 (Oct. 7-13)
Recent Property Sales in Gloucester County: A Range of Options for Homebuyers (Oct. 7-13)
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realestate
Citizen REIT Announces IPO Filing and Confirms Closing Date
NOT FOR U.S. DISTRIBUTION: Final Prospectus Available on SEDAR
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realestate
Affordable Cities on the Rise: Savings of Up to $130K for Homebuyers
Underdog Cities Rise: Sioux Falls, SD Leads the Pack in Homebuyer Popularity.