Monday, November 28, 2022

HGTV celebrity strikes massive real estate deal with ‘Real Housewives’ star

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She may be new to HGTV, but brokering luxury real estate deals is nothing new for ‘Flipping 101’ star Tarek El Moussa’s wife. Still, Heather Rae El Moussa, who stars on Netflix’s Selling Sunset and will soon be starring with her husband on new HGTV show The Flipping El Moussas, is pretty thrilled that she just got her biggest deal ever as Los has landed Angeles real estate agents.

After several months of negotiations, Heather El Moussa helped another Heather — Bravo’s Real Housewives of Orange County star Heather Dubrow — acquire a Los Angeles estate called the Cavalli Penthouse for a cool $14 million. It’s a good deal considering the condo first listed in 2021 for $21 million — and El Moussa’s commission as a buyer’s agent should still be pretty hefty.

Landing her biggest deal yet is a big moment for the mom-to-be, who is expecting baby boy Tarek in January. She recently wrote on Instagram that she was “excited and happy that not only can I be a mother, but I will continue to focus on my career and building our empire.”

The El Moussas have been married for almost a year and have significantly advanced their career goals in recent months. Each of them directed their own shows as well as their collaborative series, spoke at high-profile real estate and entrepreneurial conventions, and founded a private real estate investment firm called TEM Capital to hang out with high-rollers.

It’s not clear when the El Moussas became friends with Heather Dubrow and her husband — celebrity plastic surgeon Terry Dubrow, who stars in E!’s Botched — but the reality TV foursome became friends in April 2022 while watching Condos spotted in Los Angeles.

They were also spotted together in July at an elegant multi-handsome couple dinner, which Heather El Moussa reported on, sharing that the wives had “dressed up in “beautiful, glittery dresses” and the group had a phone-free dinner for $50 million home by Glenn and Mindy Stearns.

The Dubrows have their own massive 22,000-square-foot family home in Orange County’s Crystal Cove, California. Featured in Architectural Digest in 2018, the oceanfront property includes a 21-seat movie theater, an entire pinball hall and a “champagne wall” in the dining room. The couple have four children, two of whom are out of college, and decided they also needed a penthouse in downtown Los Angeles, about 50 miles from their family home.

On Oct. 11, 2022, Heather El Moussa shared an Instagram post with multiple photos of the 5,300-square-foot penthouse the Dubrows closed that day.

“JUST MADE MY BIGGEST DEAL EVER,” she wrote, adding, “The best thing is when great friends become great clients.” The realtor said she spent seven months searching with the Durbrows for the perfect spot, and when she After finding the Cavalli penthouse, El Moussa said it took four and a half months to negotiate a price that worked for everyone.

She wrote: “After years in the industry I have worked diligently on my negotiation skills. It takes experience and you need to find the right seller who is motivated to accept a lower price. And you have to be patient with the market in which we operate.”

According to real estate group Compass, the two-bedroom apartment is on the 38th floor of the “sought-after” Century Building, with south-facing views of the Pacific Ocean — and HOA fees in excess of $5,000 a month. The building has valet parking for its residents, and the elevator leads to the Dubrows’ private lobby.

In Heather El Moussa’s post about how she looks forward to growing her businesses with Tarek while juggling motherhood, she wrote, “I’m probably the busiest and most motivated I’ve ever had to empire building and than When I found out I was pregnant I actually feel like I was MORE inspired. I think all mothers are superheroes. I find it amazing what a woman’s body can do and in my experience raising children is a full time job so being a single mom is WORK.”

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