Eli Sasson files for Chapter 11 bankruptcy to hold onto $88M Beverly Hills Home

by Abigail Nehring

Developer Eli Sasson filed for Chapter 11 protections to avoid foreclosure on a Beverly Hills mansion he listed for $88 million three years ago. The octogenarian builder, known for his battle to redevelop the South Los Angeles site of the 1992 Rodney King riots, completed the meticulously designed eight-bedroom home at 620 Arkell Drive in […]This article originally appeared on The Real Deal. Click here to read the full story.

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