L.A. Developers Have a Big Problem: Too Many New Megamansions

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L.A. Developers Have a Big Problem: Too Many New Megamansions
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Turning a 7,600-square-foot contemporary home into 'WARHOL 90210.' Hosting a party with a camel at the entrance. Developers pull out the stops as the market for massive mansions in L.A. continues to stagnate.

Heavy duty vehicles line both sides of many of the winding two-way streets in the Hollywood Hills, making them treacherous single-lane thoroughfares. Construction workers wave stop signs as trucks laden with glass and steel back slowly out of driveways. Empty parcels of land all over Los Angeles’s poshest neighborhoods are being transformed into lavish mansions with price tags in the tens, or even hundreds, of millions.

“Every time I drive up there for any reason, if I return without getting my car dinged I breathe a sigh...

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