Beverly Hills stays hot, state legislature on relief for condo market and more

Beverly Hills continues to rack up big-money listings and sales, a trend the wealthy enclave likely owes in part to being beyond the reach of Measure ULA. On the sale side, a more than 10,000-square-foot manse at 703 North Arden Drive traded for $24 million, or $2,345 per square foot, on May 27 after just a few weeks on the market. Westside Estate Agency’s Kurt Rappoport represented the seller and  buyer of the five-bedroom, 12-bathroom Mediterranean style estate that was listed in late April for $25 million.  Measure ULA applies to the City of Los Angeles, and puts a 4 […]

This article originally appeared on The Real Deal. Click here to read the full story.