Articles Recently Tagged: Luke Brugnara

(7 posts)
Reported $18.8 Million Sale Really Wasn’t

Reported $18.8 Million Sale Really Wasn’t

Having been on the market for $19.675 million at the end of 2016, the seven-bedroom home at 224 Sea Cliff Avenue appeared to have quietly sold for $18.8 million at the end of 2017. But alas, as surmised by another reader, the sale never occurred. In fact, Brugnara Properties... Read More »

The Force Is Strong in Sea Cliff: Luke’s Home Fetches $18.8 Million

The Force Is Strong in Sea Cliff: Luke’s Home Fetches $18.8 Million

Purchased by the infamous Luke Brugnara for $7 million in 2002, the seven-bedroom home at 224 Sea Cliff Avenue, to which Luke had $11 million worth of art delivered and then refused to pay, has been in and out of foreclosure since 2012 (at which point $7,983,898 was owed... Read More »

Trophy Home Slated for Foreclosure (Again)

Trophy Home Slated for Foreclosure (Again)

As we noted when 224 Sea Cliff Avenue was listed as a “spectacular trophy home with HUGE potential!” for $19.675 million at the end of last year, “while the property appears to remain under the control of Brugnara Properties, numerous liens, notices of default and new deeds of trust... Read More »

An Infamous Sea Cliff Hideout Is Listed for $19.675 Million

An Infamous Sea Cliff Hideout Is Listed for $19.675 Million

The Sea Cliff home at 224 Sea Cliff Avenue that’s owned by Brugnara Properties, as in the infamous Luke Brugnara who was sentenced to seven years in federal prison last year for having $11 million worth of art delivered to the home’s garage and then refusing to pay, has... Read More »

Luke Feels the Foreclosure Force (as Do Lenders Number Two)

Luke Feels the Foreclosure Force (as Do Lenders Number Two)

While the 6,375 square foot home at 130 Sea Cliff Avenue has sold for a reported $13,000,000, down the street at 224 Sea Cliff Avenue the 5,552 square foot home is scheduled to hit the courthouse steps tomorrow with $7,983,898 owed on a 2007 era first mortgage for $6,000,000.... Read More »

351 California Sells At Auction For $35 Million To Stalking Horse Bid

In 2009 Luke Brugnara’s Brugnara Properties lost 351 California to foreclosure. As plugged-in people know, the building had been encumbered with a first mortgage of roughly $33 million and a second of roughly $11 million. Yesterday 351 California sold in a court ordered auction for its stalking horse bid... Read More »

Brugnara Properties Headquarters Headed For Foreclosure?

From a plugged-in tipster today: 351 California is one of the Dollar buildings (forgot which one), later the Pacific Bank Building, and currently the HQ Brugnara Properties. Luke Brugnara is one of the most storied characters in the commercial real estate scene. The building is scheduled for the... Read More »