In early 2008, Albert Elkouby bought a 1.54-acre piece of land on the corner of a main thoroughfare in Beverly Hills for US$18 million and set about erecting a 28,000 square-foot “French chateau-inspired” house. Four years later, in 2012, Elkouby, who owns JH Design, an apparel company that makes branded jackets for the NFL, NBA, and Nascar, put the shell of the home on the market for US$29.9 million.
Elkouby had originally bought the land for himself, said his daughter Vered Nisim…
Source : South China Morning Post
Read more…Los Angeles mansion owner raises property to US million to beat the market
