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Nelson Brothers Purchases Student Housing Property Near West Virginia University for $39M


MORGANTOWN, W.VA. — Nelson Brothers Professional Real Estate LLC, a California-based company, has acquired Mountain Valley Apartments, a student housing complex located roughly three miles from West Virginia University in Morgantown, for $39 million.


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In the escalating arms race of luxury real estate, sellers have a new, not-so-secret weapon: Celebrity brokers CNBC's "Secret Lives of the Super Rich" asked three of the top celebrity brokers on the East and West coasts how they're using their fame to sell some of the most expensive listings in the U.S Ryan Serhant, who appears on Bravo's "Million Dollar Listing New York," leads one of the top-selling teams in the state(Like CNBC, Bravo is a unit of Comcast's NBCUniversal.) Last year, a report by The Wall Street Journal/Real Trends ranked his team No1 in the state by volume. Serhant credits part of his success to the brand he's built through the showThe actor-turned-real-estate-agent had only been in business for a year and a half when he auditioned for the series "I was staring at the phone and I was like, 'Come on phone, come on phone,'" he recalls "Five years later, do people call? AbsolutelyI also use it to get in the doorOtherwise I would never be able to get with that buyer, that seller or developer." Source: The Agency Real Estate $40,000,000 mansion at 200 Delfern Drive being marketed by David Parnes of MDLLA & The Agency Real Estate David Parnes, star of "Million Dollar Listing Los Angeles," agreed the show is a "huge marketing platform" to reach millions of people worldwide "Our business is all about exposure and it really doesn't get better than this," he said Parnes and his partner James Harris, who is also on the show, sold more than $165 million in real estate their first year in businessBut Parnes said the show has taken the duo to the next levelThe team aims to sell more than $300 million this year; Parnes' latest strategy includes casting himself and other reality stars in the marketing video of his $40 million Holmby Hills estate listing. ‹ Inside Celine Dion’s $45.5 million private island paradise Million-dollar home market slumps $300,000 per month? The most expensive rentals › Luis Ortiz, who appears on the New York edition of "Million Dollar Listing," said the show's exposure is so vast, "sellers reach out to take advantage of such value." "I was once given a $19.5 million listing from a seller that is a fan of the show," he said Disclosure: Like CNBC, Bravo is a unit of Comcast's NBCUniversal "Secret Lives of the Super Rich" airs Wednesdays at 10 p.mET var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; mps._queue.mpsinit.push(function() { mps.insertComponent('#taboola_article_you_may_like', 'taboola-article-you-may-like') }); var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; mps._queue.mpsinit.push(function() { mps.insertComponent('#mps_article_insert_footer', 'article-insert-footer') }); var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; mps._queue.mpsinit.push(function() { mps.insertComponent('#ad-com-content-one', 'ad.com-content-one') }); var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; mps._queue.mpsinit.push(function() { mps.insertComponent('#sbc-rightrail', 'sbc-rightrail') }); var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.gptloaded=mps._queue.gptloaded||[]; mps._queue.gptloaded.push(function() { (mps && mps.insertAd && mps.insertAd('#dart_wrapper_topflex', 'topflex')); }); var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; mps._queue.mpsinit.push(function() { mps.insertComponent('#ad-com-rightrail-top', 'ad.com-rightrail-top') }); var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; mps._queue.mpsinit.push(function() { mps.insertComponent('#article-insert-sidebar', 'article-insert-sidebar') }); var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; mps._queue.mpsinit.push(function() { mps.insertComponent('#ad-com-rightrail-bottom', 'ad.com-rightrail-bottom') });

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