Centurion sells Mandarin Oriental penthouse in priciest per sf deal this year

The Mandarin Oriental Residences reeled in a $13.3 million penthouse buyer, in Los Angeles County’s priciest per-square-foot condo deal so far this year. The trade, which was recorded Tuesday, comes after Centurion Real Estate Partners bought the condo residences at 9200 Wilshire Boulevard in Beverly Hills from an investor group led by Michael Shvo, which defaulted on a $200 million loan tied to the Mandarin’s 44 units. A bulk sale of the residences occurred in September 2024.   Centurion’s repositioning of the property included a roughly 20 percent reduction from the original pricing, offering a one-bedroom for $2.6 million and a […]This article originally appeared on The Real Deal. Click here to read the full story.