MALIBU, Calif., June 30, 2017 /PRNewswire/ -- Rick Hilton and Rodrigo Iglesias of Hilton & Hyland achieved a record-breaking land sale of the Grand in Malibu for $50 million. The Sellers were a joint venture of Oaktree Capital and Big Rock Partners. Developer Scott Gillen, represented by Sandro Dazzan of Coldwell Banker, purchased the 24-acre flat plateau of land on the Bluffs.
Rick Hilton stated, "The 5 lots average 4 acres each and will be in a prime location above the famed Malibu Colony. Owners will enjoy a security gated enclave with the finest views in Malibu."
World-renowned architect Richard Landry worked with Oaktree and Big Rock during the entitlement process and will continue to assist Gillen on the designs of the contemporary compounds.
The homes will vary from 10,500-square-feet to 13,500-square-feet. The 24-hour guard gated community is expected to be completed by mid-2020.
About Hilton & Hyland:
Beverly Hills-based Hilton & Hyland (hiltonhyland.com) was established in 1993 as a boutique real estate firm to provide extremely personalized service to buyers and sellers of luxury properties. Founders Rick Hilton, grandson of the famous hotel developer, and Jeff Hyland, one of the most recognizable figures in Los Angeles real estate, have built their company from the ground up. Hilton & Hyland is the Founding Member of Christie's International Real Estate and is the exclusive affiliate of Luxury Portfolio, expanding their international reach to over 650 affiliates worldwide. Over $2.9 billion in transactions in 2016, Hilton & Hyland is recognized as the top luxury real estate firm in Los Angeles.
Nadia Watson, Hilton & Hyland
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SOURCE Hilton & Hyland