Reignwood founder finds buyer for Beverly Hills manse at discounted ask

Businessman Chanchai Ruayrungruan, who founded Beijing-based conglomerate Reignwood Group, found a buyer for his Trousdale Estates mansion, but he could be set to take a loss. Ruayrungruan, who also goes by Yan Bin, has been testing market appetite for 1620 Carla Ridge in Beverly Hills since 2016, when he first put it on the market with an asking price of $26 million, according to listing sites. The Carla Ridge home has been on and off the market to rent or buy over the years and was re-listed in November for the current asking price of just under $19 million, or […]This article originally appeared on The Real Deal. Click here to read the full story.