As rents rise post-pandemic, the Southern California market saw 'Friends' star Matthew Perry close the priciest condo sale in years.
Welcome back to the Real Estate newsletter. I come bearing bad news: Cheap rent — the one positive effect the pandemic had for many tenants — appears to be over.
That’s the bad news. The good news is that the priciest condo sale in Southern California since 2015 just closed at $21.6 million, a full-floor high-rise residence that Perry has been trying to unload for a few years. Bigger than most single-family homes, the “mansion in the sky” spans 9,300 square feet and features four outdoor terraces overlooking L.A.
The Port of Los Angeles is getting some brand new development, but the wheels of history are not saving space for the San Pedro Fish Market, a sprawling restaurant complex that seats 3,000 and sells about 200 tons of shrimp a year. If the owner gets his wish, however, the restaurant/tourist attraction will move a mile and a half north and get even bigger with seating for 5,500 as well as a Ferris wheel-type attraction.
Matthew Perry’s full-floor penthouse at the Century building was renovated by architect Scott Joyce and designer LM Pagano.Matthew Perry’s “mansion in the sky” — a Century City penthouse that spans an entire floor of the high-rise Century Tower —The “Friends” star spent nearly as much time selling the home as he spent living there. Hefor the scenic perch in 2017 and put it on the market two years later at $35 million.
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