Will the Los Angeles Kings finally get the Kings to take the high-priced luxury housing they built into the future?
That’s the message that many people are sending to developers and owners of the city’s sprawling high-end luxury apartment complexes, with some expecting them to do just that in the coming weeks.
The developers, however, are already taking a look at their options.
“There is a lot of speculation that there is going to be a sale of some of the properties,” said Peter Kupferman, the owner of two luxury apartment buildings in West Hollywood, which is one of the top-10 most expensive residential neighborhoods in the United States.
He added that if that happens, he and his team will try to keep some of their properties.
For now, though, Kupfeerman is waiting for his properties to come under their control and to sell them.
Kupfeman said he’s expecting a big rush of demand.
I’m getting phone calls from developers who are looking to sell.
Kupfimer has invested in at least two properties that are currently under the control of developers who will sell them to buyers, and said he is considering buying them himself. “
But I think it’s going to happen.”
Kupfimer has invested in at least two properties that are currently under the control of developers who will sell them to buyers, and said he is considering buying them himself.
His properties include two of the West Hollywood’s most sought-after buildings, which are worth more than $2 million a piece.
There’s also the former Lido apartments that have been home to a number of Hollywood celebrities and entertainment executives, including James Cameron, Robert De Niro and Paul Walker.
Kupfenman said that while the city may have an incentive to push out developers and make them sell, he’s not so sure that will happen.
Even if there are fewer developers, Kepferman said, there will be plenty of buyers.
“There are more and more developers in Los Angeles that are trying to go out and do something with their properties,” he said.
And if that isn’t enough, he said he thinks that there will also be more and better ways for developers to make money, because he’s heard rumors that there’s a market for luxury apartment units that can be sold for hundreds of thousands of dollars.
But Kupsteiners hope that the developers will be patient and realize that he, as the developer, should be getting some of that money back.
“If you’re a developer and you want to go back to being a developer, you should take your money out and sell your buildings,” he added.
“I don’t think you should just go out there and do the deals that you did with all the other developers.”
As for Kupfelderman, he hopes that when the city moves on from the current developers and their high-rises, he will take advantage of all the great things Los Angeles has to offer.