Inside Beverly Hills’ $1 B Land Grab

Описание: How do you assemble hundreds of units in one of the most restrictive markets in the country? In this episode of No Vacancy, Taylor Avakian sits down with developers Alan Nissel, Richie Shamooilian, and Avi Stieglitz, who collectively control over 600 units in the pipeline in Beverly Hills.

These three operators break down how they’re:
Navigating entitlement delays and development hurdles
Working with city constraints to unlock density
Avoiding land loans and raising patient capital
Pivoting across asset types and use cases
Investing in properties others overlook

Get a rare, inside look at how three friends turned LP relationships into a serious development platform — all while staying low-profile and ultra-strategic in California’s most competitive submarket.

Microchapters:
[00:00–01:10] Intro: Meet Alan, Richie & Avi
[01:11–03:45] Why Beverly Hills Remains a Prime Investment Target
[03:46–05:40] Building a Portfolio of 12+ Properties in a Tight Market
[05:41–08:25] Navigating Entitlement Timelines and Political Shifts
[08:26–10:30] Strategic Patience: 600 Units Still Not Shovel-Ready
[10:31–12:15] Capital Strategy: Avoiding Land Loans and Debt Pressure
[12:16–14:40] Flexibility in Planning: Increasing Density from 29 to 40 Units
[14:41–16:50] Teaching Real Estate Finance and Learning From It
[16:51–19:05] Creative Deal Structuring with LPs & Skill-Based Partnerships
[19:06–21:20] The Red-Tagged Santa Monica Acquisition Story
[21:21–23:15] From Hotel to Creative Office: Why Flexibility Wins
[23:16–25:00] Their Friendship, Trust, and Long-Term Alignment
[25:01–26:40] Staying Under the Radar While Playing Big
[26:41–End] Advice to Young Developers and Final Thoughts

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Guest Companies:
http://amprconsulting.com
http://finchhammer.com
http://kingsarch.com

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