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Lender Grabs Ownership of Beverly Hills Spec Home Once Listed for $100 Million

Once listed for $100 million, an elaborate Beverly Hills spec house with a champagne vault and a “car museum” has been on the market for about three years, undergoing several major price cuts. Now, the developer, prolific spec home builder Nile Niami, says he’s sold the property, known as “Opus,” for roughly $40 million. But the reality is a little more complicated.

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