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Real Estate Holdings Company of Nevada Buys Office Building


The Center for Interventional Pain Therapies in Las Vegas sold its office building in the Crest Ridge Business Park at 5950 S. Durango Dr. in Las Vegas, NV to Real Estate Holdings Company of Nevada for $6.5 million, or about $531 per square foot.


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The law of gravity dictates that what goes up, must come down—but the vagaries of celebrity real estate don't always adhere to the letter of the lawWhen it comes to luxury house hunters such as the Kardashians, Floyd Mayweather, and star couple JAY Z and Beyoncé, their property portfolios grew in 2017 with no end in sightOn the other side of the golden coin, the real estate holdings of Eminem, Lil Wayne, and Reba McEntire went southThen there's "poor" 50 Cent, who's in a class of his ownThe longtime housing has-been is still looking for a buyer for his wayward Connecticut mansionWe're looking forward to a time when the gods of real estate finally smile upon him, which didn't happen in 2017 Join us as we look back at 2017's biggest booms and busts in the high-stakes world of celebrity real estate Beyoncé and JAY Z's East Hampton home; realtor.comWinner: Beyoncé and JAY Z After years of speculation, searching, and rental test drives of ultraluxe mansions, the A-list couple finally found a place to call their own in Los AngelesNot only did they purchase a 30,000-square-foot estate with eight bedrooms, four pools, a 15-car garage, recording studio, basketball court, and views of the downtown skyline, they also snagged the Bel Air mansion at a $47 million discountThe asking price for the off-market property was rumored to be $135 million, but Bey and Jay offered only $88 million, and a deal was struckIn addition, they purchased a stunning $26 million mansion in East Hampton, NY, in the exclusive Georgica Pond areaThey also scored a deal on this seven-bedroom estate, which had been listed for nearly $29 millionSo what's a million or three when your estimated net worth is close to $1.3 billion? See more photos on realtor.com Eminem's Michigan mansion; realtor.comLoser: Eminem Rapper Eminem, aka Marshall Mathers, is making a triumphant comeback on the music scene, but he can't claim the same victory when it comes to his real estate investmentsHe recently sold his 17,500-square-foot mansion in Rochester Hills, MI, for $1.9 million, which seems to be a fair price, considering that it was assessed at $1,763,160 in 2016However, that sales price is less than half the $4.75 million he paid in 2003 for the five-bedroom, 10-bath property outside DetroitThat's quite a loss! At least the deal was quick, if not painlessThe mansion was snapped up just a few weeks after it was listed at $2 millionSee more photos on realtor.com Floyd Mayweather's new Beverly Hills mansion; realtor.comWinner: Floyd Mayweather The fighter's real estate portfolio kept pace with his unblemished record in the ringAfter handily dispatching Conor McGregor in late August, and pocketing an estimated $300 million, Mayweather picked up a recently renovated French modern–style estate in one of the most coveted pockets of Beverly Hills, CA, for $25.5 millionAnd he managed to jab the seller into a discount, since the massive mansion was originally listed for $28,950,000Perhaps his penchant for paying in cash had something to do with the bargain he knocked outThe boxer's real estate portfolio also includes a $2.4 million condo at the Ritz-Carlton Residences in downtown Los Angeles, a penthouse and $7 million waterfront mansion in the Miami area, plus at least five homes in Las VegasHe's a champ in more than one arenaSee more photos on realtor.com Scottie Pippen's Highland Park, IL, home; realtor.comLoser: Scottie Pippen Retired NBA great Scottie Pippen has had not one, but two luxurious spreads on and off the market for years now, and he hasn't been able to close a deal on either oneThe ex-Chicago Bulls superstar's Highland Park property is a five-bedroom spread on 2.5 acresIt has an infinity pool, home theater, wine cellar, eight-car garage, and an indoor half-court featuring a rendering of Pippen's No33 jerseyThe mansion, which was listed for $3.1 million in June 2016, is currently available for $2,795,000Then there's Pippen's Italian-style waterfront mansion in Fort Lauderdale, FLThe six-time NBA champ has been trying to sell the megamansion, known as "Villa del Lago," since 2009Priced at $16 million nearly a decade ago, it was recently languishing on the market for $10.9 millionIn September, Pippen put the place—featuring a 205-foot-long concrete dock and NBA-size basketball court—up for rent at $40,000 a month, hoping to appeal to a vagabond baller who'd rather rent than buySee more photos on realtor.com Kylie Jenner's home in The Oaks of Calabasas; realtor.comWinners: Kardashian-Jenner real estate empire When it comes to keeping up with the Kardashians, their never-ending real estate deals are harder to follow than their complicated love lives2017 was no exceptionKardashian matriarch Kris Jenner recently purchased a brand-new, $10 million custom estate in the exclusive enclave of Hidden Hills, CAThe 9,400-square-foot, six-bedroom home sits on a 1.28-acre lot that's a mere half-mile away from her current home, and it's practically across the street from Kim Kardashian West and Kanye West's gigantic estate/construction projectIn further evidence that mother and daughter are practically joined at the hip, Kardashian West and Jenner just bought three brand-new units in a luxury development called Avanti in their beloved CalabasasIn an off-market deal, Jenner shelled out more than $3 million for two residences, while Kardashian West snagged one of her own for $1.6 millionKendall Jenner (Jenner's younger daughter and Kardashian West's half-sister) is also busy with real estateShe listed her corner condo in The Wilshire, a luxury building in the Westwood section of Los Angeles, for $1.6 millionRumor has it that the 2,068-square-foot apartment didn't have enough closet spaceFinally, makeup mogul Kylie Jenner (Kendall's sister) went on a real estate rampage in 2017, selling two of the three homes she'd purchased not all that long agoThe first was a four-bedroom home in Hidden Hills, located right next to the home where she currently residesShe bought it for $4.5 million in June 2016, then turned around and sold it for $5,275,000 in August 2017The second was a six-bedroom Tuscan-style home in the gated enclave of The Oaks, which she purchased in 2015 for $2.6 millionIt went back on the market in June 2016 for $3.9 million, but she eventually let it go for $3.15 millionSee more photos of Kylie's home on realtor.com Reba McEntire's former home; realtor.com Loser: Reba McEntire Country crooner and TV star Reba McEntire is singing the bluesShe took a loss on the Nashville-area Starstruck Farm, which she put on the market in 2016 after splitting from her husband and manager, Narvel BlackstockIt turns out, the developer who bought the property is going to subdivide it and likely make a killingAlthough McEntire originally listed the 83-acre farm for $7.9 million, the developer wound up paying only $5 millionThe developer received approval from the Wilson County Planning Commission to carve up this once-regal expanse of land into smaller lots on which he'll build 15 homesMeanwhile, a 10-acre parcel including McEntire's former spread was put back on the market for $2.95 millionAnd that's a great deal, considering it includes a five-bedroom, Colonial-style mansion, as well as a tennis court, eight-car garage, five-stall barn, and equestrian centerIt's just too bad McEntire couldn't take advantage of the land rush her property wound up generatingSee more photos on realtor.com Angelina Jolie bought the Cecil BDeMille estate; realtor.comWinner: Angelina Jolie When she bought one of the most iconic estates in Hollywood, Angelina Jolie didn't stray too far from the Hollywood-area home she shared with Brad PittIn June 2017, she snagged the Los Feliz estate once owned by legendary director Cecil BDeMille for $24.5 millionRumor has it that her children liked it for its green, rolling lawnsWe're guessing Jolie appreciated the compound's Beaux Arts–style mansion, which was built in 1913 and fully (and painstakingly) restoredThe 2-acre property includes a graceful pool with arched fountains, a pool house and a studio house, rose gardens, and dramatic views from the Griffith Park Observatory to the Pacific OceanSee more photos on realtor.com Lil Wayne's former Miami mansion; realtor.comLoser: Lil Wayne It took two years, but hip-hop star Lil Wayne finally unloaded his 15,000-square-foot waterfront mansion in Miami Beach, FL, for $10 million—which is $1.6 million less than what he paid for it, and a full $8 million less than the price he listed it for in 2015The initial listing price reflected the improvements the 34-year-old rapper had made, including a rooftop skate park, a lagoon with live sharks, and a recording studio in the guesthouseThose kinds of perks don't come cheapThe 15,000-square-foot main house, which is located on La Gorce Island near Miami, has six bedrooms, and there are three additional bedrooms in the guesthouseWhile it was ideal for the rapper's lifestyle, it wasn't every buyer's cup of juiceSee more photos on realtor.com The "Little Couple" stars' new waterfront home in Florida; realtor.comWinners: The 'Little Couple' stars TLC's "Little Couple"—also known as DrJennifer Arnold and her husband, Bill Klein—proved hugely popular with our readers in 2017The duo haven't sold their Houston home yet, but they were successful in scoring a gorgeous new home in StPetersburg, FLThey and their family also managed to dodge the paths of Hurricanes Harvey and Irma, and neither of their homes was damagedNow that the list price on the plantation-style house in Houston was recently sliced, it's sure to sellWe'll let you know when it hits the win columnSee more photos on realtor.com 50 Cent's pad; realtor.comLoser: 50 Cent Year-end breaking news: 50 Cent has cut the price of his mansion—again! Relisted just this week for $5 million, the albatross on the rapper's real estate portfolio won't let goThe mansion with 21 bedrooms, 25 bathrooms, and one stripper pole has spent the past decade on and off the marketHe's now lowered the asking price from $14.5 million to a paltry $5 millionAt one point, an interested party reportedly wanted to turn the property into an assisted-living facilityImagine the fun seniors could have with a helipad, nine kitchens, an indoor pool, and disco! The deal was obviously never realizedPerhaps it's the $67,000 in monthly maintenance fees that's keeping buyers at bayWhatever the case, we're hoping 2018 is Fiddy's yearWe'd hate to have to write about him againSee more photos on realtor.com Written by Lisa Johnson Mandell This article, "2017's Biggest Celebrity Real Estate Winners and Losers" appeared first on Real Estate News and Insights from realtor.comTop image credit: Getty Images; realtor.com Related Articles Major 'Money': Floyd Mayweather Splurges on a Megamansion in Beverly HillsEminem Makes a Quick Sale of His Discounted Michigan MansionBeyonce and JAY Z Are Crazy in Love With Their New 'Fairly Quiet' East Hampton HomeGet the Across America newsletter Success! You're now signed up for local updates. Close Daily Newsletter The latest Across America news delivered to your inbox every morning. Breaking News Alerts Real-time updates on breaking stories in Across America. Let's go! 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