Biglin Architectural Group Property Featured on NBC Today Show Segment

by Biglin Architectural Group on November 30, 2011

NBC’s Today Show segment, “Sales of Mega-Mansions on the Rise,” features Architect Brian Biglin’s Le Palais des Anges in Beverly Hills.

This recent story on NBC’s Today Show explores the high-end real estate market. While the pricing of “Mega-Mansions” has not been completely untouched by the housing crisis facing the nation, this segment explores the reasoning behind a boom in the high-end real estate market.

Mauricio Umansky | Courtesy of The Umansky Group Facebook Page & Regard MagazineDuring an interview with renown Los Angeles realtor Mauricio Umansky, of the Umansky Group and The Agency, one of the residences designed by Brian Biglin can be seen in the background. The exclusive Beverly Hills residence, Le Palais des Anges, is currently on the market with The Umansky Group for upwards of $55,000,000.

“[There are] bargains across the board,” Umansky states. “There’s a lot of supply and great opportunities to buy.”

Across the nation, particularly in the Silicon Valley, Nashville, and our Nation’s Capital, Washington D.C., sales of high-end residential homes are up by staggering percentages:

  • San Jose, CA has seen a 27% increase
  • Nashville, TN reports a 13% increase in the sales of homes worth $1 million and more
  • Washington DC sales are also up by 20%

Miguel Almaguer of NBC reports that there are 3 primary driving factors for the increased stability in the high-end market:

  1. Better interest rates available to the buyers in this market
  2. Increased stability in the stock market
  3. Perceived “bargain” prices for homes at this level of the market

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Video Courtesy of NBC’s Today Show
Photo Courtesy of The Umansky Group Facebook Page & Regard Magazine

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