Denim mogul Maurice Marciano drops $37.5 million on Beverly Hills mansion

Maurice Marciano, the style designer greatest recognized for co-founding clothes model Guess Inc. along with his brothers within the Eighties, simply shelled out $37.5 million for a newly reworked mansion in Beverly Hills — one of many priciest offers town has seen thus far this 12 months.

Information present he purchased the house by way of his restricted legal responsibility firm, Beverly Monetary Holdings. It’s lower than a mile away from his previous place, a Paul McClean-designed residence in Trousdale Estates that he’s presently buying round for $27.5 million.

The vendor is actual property agent Fred Bernstein of Westside Property Company, who doubled as a developer and acquired the property for $12.25 million in 2016 from Megan Ellison, the movie producer and daughter of billionaire Larry Ellison. Itemizing pictures present that Bernstein preserved the house’s unique fashion whereas including 3,000 sq. toes within the years since.

Completed this 12 months, the single-story residence is a up to date concoction of limestone, marble, oak, metal and glass. 5 bedrooms and eight bogs are unfold throughout 9,300 sq. toes. Highlights embrace a library, health club and media room.

A floating entry approaches the house, main into an unlimited open flooring plan topped by wooden ceilings and angled skylights. Pocketing doorways open out again, the place patios and lawns encompass a swimming pool and spa. The grounds cowl slightly below an acre.

In line with the A number of Itemizing Service, the sale formally closed at $35.5 million with extra furnishings including $2 million, bringing the price-per-square-foot to $4,032. That’s Beverly Hills’ highest worth per sq. foot since April 2021, when Ellen DeGeneres unloaded her 10,376-square-foot mansion for $47 million — or $4,530 per sq. foot.

The mammoth sale is a shot within the arm for Beverly Hills, which has seen its common slate of $20-million gross sales in 2022 however hasn’t fairly reached the staggering sums of its neighbors similar to Bel-Air or Beverly Park.

Bernstein and Ethan Peskowitz, each with Westside Property Company, held the itemizing. Kurt Rappaport, additionally with Westside, represented Marciano.

A daily in actual property headlines, Marciano final made waves in 2015 when he bought his Bel-Air mega-mansion to on line casino mogul Steve Wynn for $47.85 million. Wynn is presently aiming for $100 million for the prized property.

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