Mohamed Hadid Reduces Price For Los Angeles Land And NFT By $50 Million

Mega-mansion developer Mohamed Hadid has reduced the price for a property overlooking Beverly Hills to $50 million, down 50% from the original asking price of $100 million.

Called Olive Hills, the undeveloped land near Franklin Canyon in Los Angeles surfaced for sale in July, roughly six months after a series of events led the entities through which Hadid owns the property to file for bankruptcy. Should the 70-acre offering fail to find a buyer, it is scheduled to be sold to the highest bidder at an auction scheduled for October 27, 2021.

According to listing agent Rodrigo Iglesias, who serves as Director of New Development for Hilton &

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