03/09/2026
A $13.3 million penthouse just closed in Beverly Hills — $3,852 per square foot, the highest condo sale by that metric in LA County so far this year.
The address is the Mandarin Oriental Residences on Wilshire. And the backstory is worth knowing: this building went through a developer default and a complete repositioning before that penthouse sold at a record price. The brand held. The product held. The market caught up.
Branded residences — Mandarin Oriental, Aman, Four Seasons — aren't just luxury condos with a nice name on the door. They're a different category entirely, and the buyers who understand that before the broader market does tend to come out ahead.
I wrote a full breakdown of what happened, why it matters, and what to know if you're tracking this space. Link in comments.
From the Mandarin Oriental Residences' record-setting penthouse sale to the forthcoming Aman Beverly Hills, branded residences are redefining luxury real estate in Los Angeles. Here's what buyers need to know.