Latest news with #BeverlyHills-based
Los Angeles Times
5 days ago
- Business
- Los Angeles Times
Concord Capital Partners Acquires $79-Million Los Angeles Apartment Portfolio
Beverly Hills-based Concord Capital Partners acquired a five-property portfolio of apartments in Los Angeles from two separate sellers for $79 million. The 537-unit portfolio was acquired with a $60.5-million senior loan provided by Arbor and supplemented with $30 million in equity. The properties are located in the Koreatown and Hollywood neighborhoods and were all built before 1930. They are recognized as iconic and architecturally significant buildings, featuring grand lobbies, ornate facades, landscaped courtyards and panoramic city views. The portfolio includes the 181-unit Langham located at 715 Normandie Ave., The Fontenoy (51 units), The Sir Francis Drake (61 units), The Piccadilly (74 units) and Park Wilshire (170 units). The new ownership will be rolling out targeted improvements, while maintaining the historical integrity of the buildings. 'We were attracted to these properties because of their favorable pricing relative to historical sales, replacement costs and what we view as the intrinsic value of the assets,' said Reuben Robin, chief executive of Concord, in a statement. Kitty Wallace of Colliers represented the seller in the sale of Park Wilshire, with Janet Neman of Kidder Mathews handling the sale of the remaining four properties. Zalmi Klein of Northmarq arranged the senior financing from Arbor. Information for this article was sourced from Concord Capital Partners.
International Business Times
03-08-2025
- Business
- International Business Times
Former Google CEO Eric Schmidt Buys LA Mansion Bigger Than the White House for $110M
Eric Schmidt, the former Google CEO, has hit the headlines by purchasing a mansion bigger than the White House and one of the seven wonders of the world, the Taj Mahal, in California, USA, for the price of $110 million. The sprawling property, located in the Holmby Hills neighborhood, covers 56,500 square feet and sits on nearly five acres of land. The property was originally built by television producer Aaron Spelling in 1990. X The mansion has had several owners one after another after that, with Schmidt as the most recent one. The recent sale has been one of the most expensive real estate deals in the US this year. Drew Fenton, CEO of Beverly Hills-based Carolwood Estates, represented the seller and broke the news on social media. Fenton also stated that this is the priciest market deal, along with one more Bel-Air property, this year. Eric Schmidt, who was Google's CEO from 2001 to 2011 and executive chairman from 2011 to 2015, has an estimated net worth of $25.5 billion. He and his wife plan to rename the estate "594," which refers to its address, Drew Fenton, CEO of Beverly Hills-based Carolwood Estates. The property was earlier known as Drew Fenton, CEO of Beverly Hills-based Carolwood Estates. While the price of the mansion sounds to be too high, the Schmidts have got it on a discounted rate, as it was once listed for $137.5 million after a long time on the market. In 2019 British heiress Petra Ecclestone, daughter of Formula One's Bernie Ecclestone, had purchased it for $120 million. The property has 14 bedrooms and 27 bathrooms, along with luxurious amenities like a two-lane bowling alley, a large wine cellar, a beauty salon with massage and tanning rooms, and a 20-seat screening room with massage and tanning rooms. It also has a 20-seat screening room with a 60-foot screen that retracts into the floor. It also includes a tennis court and a swimming pool built with 170,000 individual glass tiles. Schmidt and his wife plan to use the mansion for non-profit events and social gatherings linked to Los Angeles' cultural and charitable institutions. The couple also plans to renovate the property to make it more energy efficient. The home was constructed at the peak of Aaron Spelling's career when he produced hit TV shows like Charlie's Angels, Beverly Hills 90210, and Charmed. Now, in the hands of a tech billionaire, it differs and moves into another era: a mash-up of its glamorous past and vision for something very modern.
Metro
01-08-2025
- Health
- Metro
More men are getting 'scrotox' injections to stay smooth in the sack
Botox isn't just for the wrinkles on your face — and an increasing number of men are now getting it to smooth out a far more intimate area. Scrotox – scrotal Botox – is one of the decade's most-searched alternative uses for these injections, with over 46,000 online queries in the last four years. It's not just idle curiosity though; according to doctors, people are requesting the treatment in their droves right now, in some cases to emulate the bodies they see in porn. While below-the-belt Botox itself isn't new, it was previously only offered for medical reasons. In 2010, cosmetic scrotox was just a Saturday Night Live sketch, but by 2016 it had become a Hollywood craze, with Beverly Hills-based surgeon Jason Emer claiming he performed the procedure multiple times every week. Nowadays, non-surgical 'tweakments' are more widely-available, meaning scrotox is no longer the preserve of the rich and famous. Dr Mike Tee, senior doctor at the Harley Street Skin Clinic, says scrotox has been growing in popularity over the last 10 years, while Dr Abes, aesthetic doctor at ALTA Medispa claims it's far 'more common than most people think'. He tells Metro: 'Men's tweakments are on the rise, and scrotox is one of those things people tend to ask about once they're already familiar with treatments like Botox or fillers.' Scrotal Botox (aka scrotox) is a treatment where botulinum toxin is injected into the scrotum, relaxing the muscles and tightening the skin around the testicles. 'The main benefits are smoother skin, less sweating, and a more relaxed, lower-hanging look,' says Dr Abes. 'For some, it's purely cosmetic – they prefer the aesthetic – but for others, it can genuinely improve day-to-day comfort.' According to Dr Tee, a single session typically costs £1,200, and results last for three to four months, 'in line with many botulinum toxin injections.' 'Botulinum toxin is generally safe, with plenty of clinical studies and a long history of patient use to support it,' he explains. 'However, risks are significantly increased – especially with scrotox – if the injector is not a qualified and experienced medical professional (doctor or nurse).' Bruising and tenderness the 72 hours following treatment are the most common side effects, but in rare cases it can cause: Asymmetry , where the scrotum hangs lower on one side due to uneven relaxation. , where the scrotum hangs lower on one side due to uneven relaxation. Over-relaxation , where the scrotum hangs lower than desired if excessive loosening occurs. , where the scrotum hangs lower than desired if excessive loosening occurs. Weakness in nearby muscles if the toxin diffuses into adjacent muscles, which may affect their function. if the toxin diffuses into adjacent muscles, which may affect their function. Allergic reaction , including rash, dizziness, or anaphylaxis. , including rash, dizziness, or anaphylaxis. Urinary or sexual dysfunction if the toxin spreads too deeply, potentially impacting sensitivity and/or function. if the toxin spreads too deeply, potentially impacting sensitivity and/or function. Infection, although this is a risk with any injection. While recovery is typically quick, and most patients can return to normal daily activities immediately after treatment, Dr Tee advises patients to avoid sexual activity, hot baths, or exercise for 48 hours afterwards. He adds: 'It's important to wear loose clothing, keep the area clean, and take general care for the following seven days. Effects will begin to appear gradually, with full results visible between two and four weeks.' Like Brexit or mansplaining, scrotox is a portmanteau with the power to make half the population wince — after all, it involves a literal toxin being injected into the sensitive skin around the testicles. But while the thought of a needle anywhere near your crown jewels might strike fear into your heart, local anaesthetic means it's typically pain-free, aside from some mild tenderness or redness in the day or two hours afterwards. And for some patients, scrotox is actually a way to alleviate pain due to a condition called cremasteric muscle hyperactivity, whereby the cremasteric muscle (responsible for retracting the testicles into the groin) becomes overactive and causes involuntary, frequent and agonising contractions. It's also regularly used to treat hyperhidrosis, excessive sweating of the scrotal skin which can lead to irritation, chafing, and unpleasant odours. Scrotox can dramatically improve these symptoms, with Dr Abes recalling: 'One client mentioned it made a huge difference during long-haul flights and gym sessions – he felt cooler, more relaxed, and less self-conscious.' However, roughly 80% of the scrotox procedures Dr Tee administers these days are for cosmetic 'genital rejeuvenation' rather than to address a medical concern. More Trending 'We all have things about our bodies we're not fond of – for some, it's the scrotum,' he tells Metro. 'Unfortunately, people have become more conscious of their appearance, as both pornographic content and social media have become more mainstream.' He believes 'the internet has a lot to answer for,' when it comes to the growing popularity of treatments like this — although Dr Abes feels it's more to do with 'a real shift in how men approach self-care.' 'From skincare to tweakments, men are much more proactive these days, and scrotox fits neatly into that space,' he explains. 'There's also less embarrassment around asking for what you want, especially when it's about feeling more confident or comfortable in your own body.' While Dr Abes says he wouldn't recommend the procedure 'for the sake of it', he adds: 'For the right person, it can be a real game-changer – whether that's better comfort during workouts or just a quiet confidence boost in day-to-day life. If someone's genuinely bothered by how things look or feel, it's worth looking into.' Do you have a story to share? Get in touch by emailing MetroLifestyleTeam@ View More » MORE: You need to ejaculate HOW many times a month to help prevent prostate cancer? MORE: Shock study results reveal Brits are less prudish than we once thought MORE: I spoke to a bra expert to find the best swimsuits for bigger busts Your free newsletter guide to the best London has on offer, from drinks deals to restaurant reviews.
Los Angeles Times
31-07-2025
- Business
- Los Angeles Times
UTA and MediaLink founder end legal fight over acquisition
United Talent Agency and MediaLink founder Michael Kassan agreed to drop their lawsuits against each other, after battling over problems related to a 2021 acquisition. 'UTA and Michael Kassan have agreed to amicably end their dispute. The parties are not at liberty to comment further,' representatives for UTA and Kassan said in a joint statement on Thursday. Terms of the agreement were not disclosed. UTA in 2021 agreed to buy Kassan's strategic advisory firm MediaLink in a $125 million deal. The Beverly Hills-based talent agency had hoped the acquisition would help expand its branding business. But problems later arose, with both sides accusing each other of breaching a contract. UTA alleged Kassan's spending was out of control and accused him of 'wasting millions of UTA's dollars on his lavish personal lifestyle.' Kassan said that UTA was well aware of his spending habits and that his firm has continued to be profitable during its tenure within UTA. He alleged that UTA did not follow the terms of the deal, such as a promise that UTA's marketing group would report to him. Kassan's attorney alleged that while UTA was benefiting from MediaLink by getting free media consulting and introductions, MediaLink was not benefiting from the relationship. UTA, in legal filings and public statements, denied Kassan's allegations. In 2024, Kassan filed a defamation lawsuit against UTA's legal counsel that a judge later dismissed. Kassan launched L.A. consulting firm 3C Ventures in 2024.
Los Angeles Times
18-07-2025
- Business
- Los Angeles Times
Beverly Hills Startup Kartel.ai Raises $2 Million Seed Round
a Beverly Hills-based startup focused on creative media, launched with $2 million in funding from Fourward Ventures and Connetic Ventures. The company is focused on an AI-enhanced production pipeline for the content economy. Brands, studios and agencies can call a dedicated phone number and talk through a project or work with a team of producers to utilize an AI-enhanced intake system. They will then match with a Kartel-vetted artist to produce a finished video or campaign within a matter of days. The founding team includes Luke Perterson and Ben Kusin. Kartel also operates a studio in Santa Monica, run by Ryan Tomlinson, a former brand strategist for Earth One and advisor to the U.S. Space Force. Information for this article was sourced from
