Lo is the one with the real serious big bucks, the one who can afford to snatch up 70 million dollar vacation homes. Perhaps even more shocking to Yolanda than Ms. Lo’s real estate appetite is the vast amount of money her two real estate agents — Million Dollar Listing stars James Harris and David Parnes — have raked in from commissions. The Estate features state of the art security systems designed by Gavin DeBecker and Associates, and complete privacy provided with mature landscaping. Y’all may also recall that the property was bought via an offshore corporation by a Hong Kong-based couple named Karen Lo and Eugene Chuang. Let us just assume a 2.5% commission (the industry average) for each of these deals. Listing agents (Mapleton House #1): Christophe Choo, Coldwell Banker; Sally Forster Jones, John Aaroe GroupListing agent (Mapleton House #2): Deedee Howard, The AgencyListing agents (Bel Air): Jade Mills, Coldwell Banker; Phil Seymour, Elite PropertiesKaren Lo’s agents: James Harris & David Parnes, The Agency, Get our latest stories in the feed of your favorite networks. Lo is not entirely new to LA. According to the listing, the house was swiftly “sold before processing” in an all-cash $17,250,000 deal. The property is a massive blufftop mega-compound that many folks consider to be the most epic in town. To most of us paupers (or everyday millionaires), spending $70 million on a house is something so unfathomable that we can barely wrap our wee brains around the concept. Well, kiddies. Architecture lovers were dismayed when Mr. Quigg promptly razed the house (allegedly without the proper permits) and brazenly attempted to flip the vacant lot for $26 million. The seller of both units, y’all may be interested to know, was fellow Malibu homeowner Cher. And a closer inspection reveals that the word “Dobacor” is actually an anagram for the word “Cordoba”, which just happens to be the name of a Hong Kong corporation that is majority owned by Ms. (Although we aren’t certain that’s the case anymore). Her sister Sharon Lo has long been married to Lawrence Ho, Mr. Ho’s eldest son who has a net worth of $2.6 billion. Adams Broadwell Joseph & Cardozo, A Professional Corporation, Allen Matkins Leck Gamble Mallory & Natsis LLP, Alpert Barr & Grant, A Professional Law Corporation, American Cancer Society Cancer Action Network, Audax Management Company, LLC and its subsidiary Audax Management Company (NY), LLC. The Kachatryan boys — who we have previously written about on this blog — bought the property in 2010 for just $11,000,000 and appear to have made few changes before selling it to Ms. Lo has spent a mind-boggling $123,600,000 in the span of a few months. sale in Malibu. Lo now lays claim to a 3-acre, $36,050,000 compound on LA’s swankiest street. Less than one month after Ms. DLJ Real Estate Capital Partners Hayman Properties IBM Mercury Air Group, Inc. Metro Global Group, LLC . (Forbes says she makes do with a net worth of $5.2 billion). Captain Kaplan made few (if any) changes to the property before listing it for sale this September (2017) for a fat $19,999,000. Lo in all $123 million of her 2017 deals. The Bel Air Estate (the "Estate") is a combined 2.3-acre lot in prime Bel Air, Los Angeles. The property appears to have been well-maintained, and the retro kitchen has been upgraded with stainless appliances. But wait, there’s still more. Lo is a member of not one buy two of Asia’s wealthiest clans. Mapleton Manor, LLC, a Delaware Limited Liability Company . Back in 2014, a developer named Robert Quigg paid $14,500,000 for a grand old Wallace Neff-designed house on a 1.37-acre Bel Air lot. Lo had listed a new mailing address for her Malibu property: the mailbox at that very same $18.8 million Mapleton house. The Bel Air Estate (the “Estate”) is a combined 2.3-acre lot in prime Bel Air, Los Angeles. Dobacor Capital Management Limited Holland Partners Kaiser Permanente National Real Estate Development Suarez , Henry : Abshez, Allan Camacho, Elizabeth Hong, Hana Jones, Jill Rohrer, Paul Los Angeles Alliance for a New Economy * [Qualified: Jan 01, 2021] Los Angeles Alliance for a New Economy: Elmendorf, James Los Angeles County Bicycle . Lo, according to press reports . As noted in press reports, Ms. The architect of the Estate is Lord Norman Foster, the world-renowned architect and multiple winner of the Stirling and Pritzker Architecture prizes. At that time, it was the second-biggest transaction on record in the swanky coastal city (though it has since been bumped down to third place). Yolanda wondered what those letters stood for — was it a weird sexual reference? The all-cash buyer, per records, was something called “Dobacor LLC”. Lo continues to own the larger apartment, at one time reported to be the only duplex in the entire building. We digress. Mapleton Investments Marlborough School MCRT Investments LLC Mercy Housing . Well, it probably helps that Ms. We want to hear from you! Unfortunately, Yolanda did not immediately connect the two real estate transactions, though we did notice the Mapleton sale and wondered who the buyer could be. Lo, however. Dobacor LLC happens to link directly back to the $18.8 million Mapleton house that Ms. Anyway, the mansion is more modest than most of its ostentatious neighbors and hearkens back to more gracious days of livin’ way back when. Lo can drop $123 million on real estate) mean Yolanda is quite certain that our gurl herself is a billionaire, too. And then Yolanda remembered that Ms. Lo’s full English name is Ki-Yan Karen Lo. And it turns out there is much more to Ms. Lo’s real estate tale than Yolanda previously knew. The 6,055-square-foot Colonial-style mansion was built way back in 1939 and made famous for its starring role in the 1981 biographical drama Mommie Dearest. However, the most recent owners of the property were two brothers named Gurgen & Artyom Khachatryan. Oh my! Dobacor Management, LLC Dreyer Robbins and Associates Ehrlich, Steven Ennabe, Michael . Lo for $18.8 million. Her grandfather, the late billionaire Dr. Kwee Seong Lo, was the founder of the Vitasoy drinks empire that is second in Hong Kong popularity only to Coca-Cola. Lo is also indirectly related to 96-year-old Macau casino tycoon Stanley Ho, who has a net worth of $2.5 billion. DLJ Real Estate Capital Partners Dev, LLC Dobacor HQ, LLC Grill Concepts, Inc. LOGS Apartments Pali Wines Ritz Milner Hotel . Yolanda is not sure that all these features matter to Ms. The Hos and the Los families (and the fact that Ms. Ms. Property records indicate Ms. But don’t y’all even think about trespassing on Ms. Lo’s land! In 2014, she sold the smaller unit to real estate super-agent Kurt Rappaport, who flipped it just two months later to a local jewelry designer. Lo, according to press reports. Dobacor is a privately-held international property development and management company focusing on ultra-luxury residential and hotel projects globally. According to the folks over at The Real Deal, several scenes from Beverly Hills, 90210 were also shot at the property, despite the fact it is located in the 90024 zip code. The listing for the property touts its “incomparable opportunity to remodel or redevelop to build your dream estate in a location that epitomizes luxury & sophistication.” That doesn’t sound very promising for the ol’ gurl! Ol’ Hugh Hefner (may he RIP) fell on some difficult financial times a few years back and sold the property for exactly $10 million in 2013 to next-door neighbor David Kaplan, the hedge funder who already owns the big Traditional house next door (the one you see on the left in the photo up there). The 1.3-acre spread was for decades known as the “Bunny Hutch”, serving as the Playboy Mansion’s across-the-street guest house to hordes of Playmates and Playmate hopefuls. Dobacor LLC happens to link directly back to the $18.8 million Mapleton house that Ms. Designs have been provided for an architecturally significant 300-foot driveway and arrival sequence leading to a vast scale entry experience – a true statement of arrival curated by Lord Foster. Get the latest scoop directly in your inbox. Environmental sustainability is a core focus for the design team – the main residence exhibits numerous environmentally friendly features while the emphasis placed on the connection with nature is reflected in the landscape architecture, exterior hardscape areas and roof garden on the Estate. Property records show that Ms. Where does she get all that money, y’all may wonder. In 2016, Mr. Quigg fled the USA for Australia with his mistress (this per Our Mama) and filed for bankruptcy, leaving his big Bel Air spread to be seized by the Feds. And all of it has been in cash, though records show she did recently take out a $35 million mortgage on the Malibu property. It’s also worth noting that the property might be the only one on South Mapleton that is not gated or high-hedged. Both Ms. Speaking of the yard, it’s a generous 1.66-acres. Over the decades, Vitasoy expanded internationally — it has a US headquarters in San Francisco — and the conglomerate even owned the world’s most popular tofu brand for a time. All Rights reserved. There’s a large swimming pool, a low-slung pool/guest house, and a proper north/south tennis court to the rear of the estate. And though the owner took title under an LLC, Yolanda happens to know the buyer was none other than our Karen Lo. After all, everyone on S. Mapleton Drive is someone and the offshore corporation that purchased the property is called “KYKL”. The property was put up for sale by the court this year and sold for $17,650,000 at auction. Back in April 2013, Ms. Balance Public Relations & Strategic Solutions Inc. Blackstone Administrative Services Partnership L.P. Building Industry Association of Southern California, California Apartment Association Los Angeles, Elkins Kalt Weintraub Reuben Gartside LLP, Eurazeo SE and its affiliates, Eurazeo NA, Idinvest Partners & Eurazeo Funds Management Luxembourg, Fort Multifamily, Inc. dba Taylor Francis, Glaser, Weil, Fink, Howard, Avchen & Shapiro, LLP, Greenberg Glusker Fields Claman & Machtinger LLP, Hospital Association of Southern California, International Business Machines Corporation, Pacific Investment Management Company LLC, Physicians for Social Responsibility-Los Angeles, Schroder Investment Management North America, Inc, State Street Global Advisors Trust Company, Summit Partners, LP and its affiliate, Summit Partners Credit Advisors, LP, Valor Management LLC and its subsidiaries, Advanced Clean Up Technoloiges Inc./Ruben Garcia, 6767 W Sunset Blvd LLC dba CMNTY Culture Campus, Englander Knabe & Allen on behalf of their client Deloitte Consulting LLP, Southland Regional Association of Realtors (SRAR), California Association of Health Facilities (CAHF), Los Angeles Outdoor Advertising Coalition, Build with Strength, Building a Safer Los Angeles, Arts District Patients Collective/Spliffin. For her Malibu, Bel Air, and Holmby Hills properties, Ms. The architect of the Estate is Lord Norman Foster, the world-renowned architect and multiple winner of the Stirling and Pritzker Architecture prizes. LA Real Estate LLC & Chavez Ravine Land Company LLC: Jan 01, 2021: Kimberlina Whettam & Associates: LA Real Estate LLC & Chavez Ravine Land Company LLC: Jan 01, 2021: Kimberlina Whettam & Associates: La Terra Development LLC: Jan 01, 2021: Englander Knabe and Allen: La Terra Development, LLC: Jan 01, 2021: Armbruster Goldsmith & Delvac LLP . When completed, the Bel Air Estate will be the rarest of properties – the site of the only single-family house designed by Lord Foster available for sale in North America. Dobacor collaborates with Pritzker Prize-winning Architects, world-class . Lo bought earlier this year. But then all became clear. A few months back, as y’all may recall, Yolanda blabbed about a bananas $70 million (all cash!) the sons of one Gagik Khachatryan, who just happens to be the Finance Minister of Armenia. Send us a tip using our anonymous form. Lobbying Firm,Client Prefix,Client First Name,Client Middle,Client Last Name,Client Suffix,Report Quarter,Report Year,Amount Paid,Lobbying Firm Quarterly Report King R Woods & Ass Next door to Ms. Lo’s “Mommie Dearest” estate is a rather neglected property. Yolanda believes that Mr. Harris and Mr. Parnes represented Ms. A dark green front door swings open to a staircase and double-height ceiling adorned with a crystal chandelier. And the $70 million Malibu spread! Lo paid $8,125,000 (in her own name) for two adjacent yet uncombined apartments in what is arguably LA’s best condo high-rise — Sierra Towers. She bought a 39.4% stake in the company back in 2009 for about $57 million USD and has since increased her holdings. Dobacor's U.S. headquarters is based in Los Angeles with active development projects and properties located in Los Angeles and New York's most exclusive neighborhoods. Lo bought earlier this year. But for those people who can spend that kind of money, too much is never enough and one ridiculously-expensive property would never do. Lo and Mr. Chuang are wealthy in their own right, we think, but Yolanda is certain that Ms. Lord Foster has provided an unrivaled design of a planned 35,000-foot residence, conveying an . AXA Real Estate Investment Managers US: Jan 02, 2020: AXA Real Estate Investment Managers US * Axiom Real Estate Investments, Inc. Jan 01, 2020: Alchemy Planning + Land Use # AYM Investments, Inc: Apr 01, 2020: Gonzales Law Group, APC: Azoteas Mex LA LLC: Jan 01, 2020: FE Design & Consulting: Azteca Ventures : Jan 01, 2020: AHN & Associates . Lo used an offshore corporation to purchase her Malibu home, a different offshore corporation paid $18,800,000 cash for a semi-historic home on what is often considered to be LA’s wealthiest and most prestigious street: South Mapleton Drive in Holmby Hills. Current South Mapleton Drive residents include (but are hardly limited to): billionaire beer/Twinkie heir Daren Metropoulos, Formula 1 heiress Petra Ecclestone Stunt, Duty Free heiress Alexandra von Furstenberg, construction heiress Kristin Tutor Eberts, Obama’s White House decorator Michael S. Smith, Google gigolo Eric Schmidt, Facebook trillionaire Sean Parker, Beats baller Jimmy Iovine, iconic restaurateur Michael Chow (that’s Mr. Chow to us peons), acclaimed director Sir Ridley Scott, private equity pasha Justin Chang and his wife Amanda Brown (she wrote Legally Blonde, dontcha know? Still, the house remains standing as of today. Through her sister, Karen Lo is also related to Pansy Ho, the multi-billionaire heiress who was once believed to be the richest woman in all of Asia. And a closer inspection reveals that the word "Dobacor" is actually an anagram for the word "Cordoba", which just happens to be the name of a Hong Kong corporation that is majority owned by Ms. That’s $3,090,000 in payments that these two realtors could potentially have received. There are 6 bedrooms and 5 bathrooms — the upstairs master suite has views of the backyard and a lovely carved fireplace. ), Jordanian billionaire Hasan Ismaik, vodka and music mogul P. Diddy (or Duffy Puffy or whatever Sean Combs calls himself today), former Paramount Pictures CEO Frank Mancuso Sr., and big businessman Marc Nathanson. Copyright © 2021 Penske Business Media, LLC. Her bodyguards have shotguns and they will not take kindly to any riff-raff disturbing the neighborhood peace. Sterling Real Estate Group, LLC Strategic Development Advisors Sultan Development, Inc. T/A Warner Associates A few days ago, we noticed that Ms. Lord Foster has provided an unrivaled design of a planned 35,000-foot residence, conveying an unmatched level of sophistication in a true modern residential masterpiece. Scooter Braun Gets $28 Million for Historic Montecito Estate, Will Smith, Jada Pinkett Smith Pay $11.3 Million for All-New Hidden Hills Mansion, Elton John Drops Millions on the Beverly Hills House Next Door, we have previously written about on this blog, serving as the Playboy Mansion’s across-the-street guest house, You Can Buy Kylie Jenner and Travis Scott's NYC Rental for a Cool $26.5 Million, 'United States of Al' Star Adhir Kalyan Scoops up $2.8 Million Windsor Square Home, Skinny Boston House Long on Charm and History Sells for Over a Million Dollars, Las Vegas Sun Heiress Buys $14.1 Million Brentwood Park Mansion, Billionaire Jon Stryker Buys Norman Reedus’ Hollywood Castle, 146-Acre Jackson Hole Ranch of Late Texas Oil Heiress Seeks $45 Million. That’s from one client in the span of about six months! In their own right, we think, but Yolanda is quite certain that Ms don ’ t that. Back, as y ’ all may be interested to know the buyer none... 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