Nile Niami Puts WeHo Spec Mansion In Bankruptcy
Nile Niami and his West Hollywood property (Getty, iStock) Nile Niami has placed a West Hollywood spec mansion into bankruptcy, eight months after a creditor filed a notice of default on the property. The bankruptcy filing, submitted by an entity Niami controls, values the property at $30 million and its liabilities around $59 million, according to the Wall Street Journal. The property hit the market in early 2019 for $55 million then cut to $40 million. It’s not currently listed publicly. A spokesperson for the embattled luxury developer said a creditor “misrepresented facts, and that pu...
Source: therealdeal.com