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Los Angeles Times
Los Angeles Times
Business
Neal J. Leitereg

Scooter Braun sells to developer building $500-million Bel-Air compound

July 13--Scooter Braun, manager for such talents as Justin Bieber, Ariana Grande and the recently signed Black Eyed Peas, has sold his home in Hollywood Hills West for $9.5 million.

Real estate agents not authorized to comment on the sale identified the buyer as Nile Niami, the film producer and speculative real estate developer currently building a $500-million compound in Bel-Air.

Set above the Sunset Strip, the two-story Contemporary is distinguished by floor-to-ceiling walls of glass, double-height ceilings and a koi pond entry.

Within the 5,300 square feet of open space are formal living/dining rooms, a den, a home theater, four bedrooms and five bathrooms. Set off from the public areas, a spiral staircase leads up to a lounge and an office centering on city, ocean and mountain views.

Outdoors, tiered grounds feature a swimming pool, a spa and a fire pit. A tented cabana with a built-in barbecue sits off to the side.

Braun, 34, formed Raymond-Braun Media Group, a joint venture with the artist Usher, in 2008.

He bought the house in 2011 for $5.7 million, records show.

Darlene Hutton and Jaisa Bishop of Partners Trust in Brentwood were the listing agents. Drew Fenton of Hilton Hyland, an affiliate of Christie's International Realty, represented the buyer.

Niami, whose production credits include "The Patriot" (1998) and "The Watcher" (2000), recently broke ground on a 74,000-square-foot hilltop residence that he hopes to sell for half a billion dollars. The house will include a 5,000-square-foot master suite, a 30-car garage and a "Monaco-style casino," he told Bloomberg in May.

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