Nile Niami (born February 25, 1968) is an American former film producer turned real estate developer, who has developed and sold multimillion-dollar mansions in the Los Angeles neighborhoods of Bel Air and

Holmby Hills Holmby Hills is a neighborhood on the Westside of Los Angeles, California, United States. The neighborhood was developed in the early 20th century by the Janss Investment Company, which developed the rest of Westwood, Los Angeles as well as oth ...

Early life

Niami was born in 1968 in

Los Angeles, California Los Angeles, often referred to by its initials L.A., is the List of municipalities in California, most populous city in the U.S. state of California, and the commercial, Financial District, Los Angeles, financial, and Culture of Los Angeles, ...

. He was raised by a single mother, a

special education Special education (also known as special-needs education, aided education, alternative provision, exceptional student education, special ed., SDC, and SPED) is the practice of educating students in a way that accommodates their individual di ...

teacher.

Career

Niami started his career as a film producer. He produced 15 films, many of them

B movies A B movie, or B film, is a type of cheap, low-budget commercial motion picture. Originally, during the Golden Age of Hollywood, this term specifically referred to films meant to be shown as the lesser-known second half of a double feature, ...

, before he started developing small condominiums and renovating homes to sell. As a real estate developer in Los Angeles, Niami developed a mansion in

which he sold to a Saudi buyer for US$44 million. He developed another house in Holmby Hills, which was purchased by music mogul

Sean Combs Sean John Combs (born November 4, 1969), better known by his stage name Diddy, and formerly Puff Daddy and P. Diddy, is an American rapper, record producer, and record executive. Born in Harlem and raised in Mount Vernon, New York, Mount Ve ...

for US$39 million in 2014. He also hired architect

Paul McClean Paul may refer to: People * Paul (given name), a given name, including a list of people * Paul (surname), a list of people * Paul the Apostle, an apostle who wrote many of the books of the New Testament * Ray Hildebrand, half of the singing duo P ...

to build a house for the Winklevoss twins Cameron and Tyler in the Bird Streets (north of

Sunset Boulevard Sunset Boulevard is a boulevard in the central and western part of Los Angeles, California, United States, that stretches from the Pacific Coast Highway (California), Pacific Coast Highway in Pacific Palisades, Los Angeles, Pacific Palisad ...

). He developed a house in

Trousdale Estates Trousdale Estates is a neighborhood of Beverly Hills, California, located in the foothills of the Santa Monica mountains. It was developed in the 1950s and 1960s and is named after Paul Trousdale, a real estate developer. , the average sale price ...

, a neighborhood in the city of

Beverly Hills Beverly Hills is a city located in Los Angeles County, California, United States. A notable and historic suburb of Los Angeles, it is located just southwest of the Hollywood Hills, approximately northwest of downtown Los Angeles. Beverly Hil ...

, with "a spinning car turntable, similar to those in auto showrooms, that's visible from the living room." Niami launched Wolfpack, a

mobile app A mobile application or app is a computer program or software application designed to run on a mobile device such as a smartphone, phone, tablet computer, tablet, or smartwatch, watch. Mobile applications often stand in contrast to desktop appli ...

for single men looking for friends; it is no longer available. The One Bel Air House by Wallace Lin

"The One"

Niami began construction on a mega-mansion in Bel-Air named "The One" in 2014, which was also designed by Paul McClean. After years of development and numerous delays, Niami's company went bankrupt in 2021 before construction was completed. The construction attracted unease from the Bel-Air Homeowners Alliance, whose chairman, Fred Rosen, suggested it was so big it should have been "considered a commercial project", subject to more restrictive regulations. It was billed as the most expensive private residence in the United States, and at 105,000 square feet, is one of the country's largest private homes. The property features 21 bedrooms, 42 bathrooms, multiple kitchens, a nightclub, four-lane bowling alley, salon, gym, 50-seat movie theater, a running track, multiple pools, a 50-car underground garage, and a

moat A moat is a deep, broad ditch dug around a castle, fortification, building, or town, historically to provide it with a preliminary line of defence. Moats can be dry or filled with water. In some places, moats evolved into more extensive water d ...

. The home was used as a filming location for the

Apple TV+ Apple TV+ is an American subscription over-the-top streaming service owned by Apple. The service launched on November 1, 2019, and it offers a selection of original production film and television series called Apple Originals. The service w ...

series ''Loot''. In March 2021, Niami's

LLC A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a ...

, Crestlloyd, defaulted on US$165 million in debt related to the property, causing it to enter

receivership In law, receivership is a situation in which an institution or enterprise is held by a receiver – a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights" – especia ...

. A foreclosure sale scheduled for October 2021 was halted when Crestlloyd filed for Chapter 11 bankruptcy. In July 2021, the 3.8-acre property was placed in court-ordered receivership by

Los Angeles County Superior Court The Superior Court of Los Angeles County is the California Superior Courts of California, Superior Court located in Los Angeles County, California, Los Angeles County. It is the largest single unified trial court in the United States. The Sup ...

. Ted Lanes of Lanes Management was appointed as receiver. During construction, Niami initially stated the home would be listed for US$500 million. It was formally listed for sale in January 2022 at an asking price of US$295 million. It did not receive an offer and on March 4, 2022, the property was sold at a bankruptcy auction to Richard Saghian, the owner of Fashion Nova, for US$126 million. It became the most expensive home ever sold at an auction in the United States, breaking the previous record set in 2021 when the Hearst Estate in Beverly Hills sold for US$63.1 million, but fell short of the California sales record of US$177 million set by a Malibu mansion purchased by

Marc Andreessen Marc Lowell Andreessen ( ; born July 9, 1971) is an American businessman and former software engineer. He is the co-author of Mosaic, the first widely used web browser with a graphical user interface; co-founder of Netscape; and co-founder and ...

in 2021. Its sale price was considered a disappointment, as the mansion had accrued $256 million of debt from its construction, and required at least $10 million of additional work to receive a certificate of occupancy and fix issues such as cracked marble and water leakage. Niami unsuccessfully attempted to block the sale to Saghian.

Personal life

Niami purchased

Scooter Braun Scott Samuel "Scooter" Braun ( ; born June 18, 1981) is an American businessman, investor, and record executive. Since 2023 he has served as chief executive officer (CEO) of Hybe America, the North American subsidiary of South Korean entertain ...

's Bel Air house for US$9.5 million in July 2015.

Filmography

As producer

*'' Galaxis'' (1995) *''T.N.T.'' (1997) *''

DNA Deoxyribonucleic acid (; DNA) is a polymer composed of two polynucleotide chains that coil around each other to form a double helix. The polymer carries genetic instructions for the development, functioning, growth and reproduction of al ...

'' (1997) *'' Point Blank'' (1998) *'' The Patriot'' (1998) *''The Survivor'' (1998) *''

Resurrection Resurrection or anastasis is the concept of coming back to life after death. Reincarnation is a similar process hypothesized by other religions involving the same person or deity returning to another body. The disappearance of a body is anothe ...

'' (1999) *''Justice'' (1999) *'' The Watcher'' (2000) *''Camouflage'' (2001) *''

Tart A tart is a baked dish consisting of a filling over a pastry base with an open top not covered with pastry. The pastry is usually shortcrust pastry; the filling may be sweet or savoury, though modern tarts are usually fruit-based, sometimes with ...

'' (2001)

References

External links

* {{DEFAULTSORT:Niami, Nile Living people People from Bel Air, Los Angeles Businesspeople from Los Angeles Film producers from California American businesspeople in real estate 1968 births