Can LA’s condo market grow up?

The client broke out a magnifying glass to check the penthouse’s doorknobs and got on all fours to inspect the outlets. Sotheby’s International Realty’s Ernie Carswell was shocked. “I’ve never seen it before,” he said. But his client’s decision to go forward with the property was notable, too. The client paid $13.3 million for a penthouse unit at a building that was slow to hit it off with the market: Mandarin Oriental Residences Beverly Hills. High-rise condo living has historically been a difficult sell in Los Angeles, a city better known for mega mansions and single-family sprawl. Two years earlier, […]

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