In this befouled era of QAnon plots and disputed elections, the conspiracy being peddled by real estate developer Mohamed Hadid seems almost quaint, a throwback to a time when things weren’t so utterly unhinged. In his plot, which could have easily been ripped from a Michael Connelly novel, there are no pedophiles or communists hounding the 71-year-old, just a well-connected neighbor a semi-retired lawyer with an axe to grind and a corrupt judge abetting his misdeeds.
At the center of it all is La Strada, Hadid’s hillside Bel-Air spec mansion on Strada Vecchia Road, which, in the nine years since Hadid broke ground, has morphed into a $50 million albatross. In June, a judge ordered him to tear down the structure after years of legal battles comprised of a catalog of accusations that include illegal building, extortion, and bribery, all of which have triggered multiple lawsuits, a criminal case, and an FBI probe. Last November, Hadid claimed after several failed bids to appeal th
Nile Niami and his West Hollywood property (Getty, iStock)
Nile Niami has placed a West Hollywood spec mansion into bankruptcy, eight months after a creditor filed a notice of default on the property.
The bankruptcy filing, submitted by an entity Niami controls, values the property at $30 million and its liabilities around $59 million, according to the Wall Street Journal.
The property hit the market in early 2019 for $55 million then cut to $40 million. It’s not currently listed publicly.
A spokesperson for the embattled luxury developer said a creditor “misrepresented facts, and that put Nile in an untenable situation trying to force a foreclosure sale.”