31
Dec

Developer HEI Bags Another Hollywood Penthouse with help of TPL

Developer HEI Bags Another Hollywood Penthouse with help of TPL 1

Another one in the bag for the Above the Penthouses at the W Hollywood. HEI developer has been working to move these for over a year now and looks like 2019 has been a great year. They sold their smallest penthouse in July at $2.6M and their biggest in late September at a whopping $7M. More good news for them they just put their Vista penthouse 15i into escrow with listing broker Yvonne Arias of the Property Lab. List price was $6,250,000 and FYI, she sold the first of these five Above The Penthouses in the summer of 2018.

“These penthouses are spectacular and in such a vibrant, growing location. Anyone that is able to pick these up at this price per foot is lucky as far as I’m concerned. Comparable quality is asking much more and these condos come with all the high end furnishings and most with four parkings spots! A great value. Hollywood is really the place to invest right now,” said Yvonne Arias, The Property Lab broker and owner.

The Property Lab and Yvonne Arias have been doing business at The W Hollywood Residences since 2011 and they continue to be the main broker at the building year after year. Yvonne is also the top broker at The Ritz-Carlton Residences at LA Live and specializes in these hotel residential properties. As Los Angeles becomes more dense and luxury buyers preferring a less-stress lifestyle of high rise living, properties like the W and Ritz have become increasingly popular.

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