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Judge Puts Hadid’s Bel Air Mansion on Demolition Fast-Track

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Judge puts Hadid’s Bel Air mansion on demolition fast-track

BEVERLY HILLS (The Real Deal) — Mohamed Hadid’s sprawling Bel Air spec mansion is on the verge of being demolished after a federal judge issued a fiery ruling Tuesday against the developer.

Federal bankruptcy judge Sheri Bluebond dismissed a bankruptcy filing by 901 Strada LLC, the limited liability company that Hadid created to operate the 901 Strada Vecchia Rd. property.

Bluebond repeatedly blasted Hadid’s LLC as filing for bankruptcy in order to avoid state court judge Craig Karlan’s ruling to tear down the saucer-shaped, 30,000-square-foot mansion on a hill.

“This is an attempt to use me to undo what the state court has done,” Bluebond said. “I don’t think […]

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The Most Expensive Home in LA Cost Jeff Bezos Only 0.13% of Net Worth

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LOS ANGELES (Los Angeles Times) — Amazon CEO Jeff Bezos walks onstage for the launch of the Fire Phone in Seattle. It can be hard to grasp the wealth of Jeff Bezos, the planet’s richest man.

Thankfully his decision to spend $165 million on a Beverly Hills mansion last week — a California record — offers some clarity.

For starters, there’s this easy calculation. Amazon’s stock, the source of Bezos’ fortune, bounces around daily, but as of the close of markets last week, Bloomberg’s Billionaires Index calculated his net worth at $130 billion despite a $833 million stock market hit Friday.

That means the nine figure sum he’s shelling out for the former estate of movie mogul Jack Warner amounts to only 0.13% of his net worth, rounded up ever so slightly. Not too many Angelenos could […]

Continue reading at latimes.com

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Celeb Homes

Producer John Goldwyn and Hotelier Jeff Klein List Beverly Hills Home

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Producer John Goldwyn and hotelier Jeff Klein list pedigreed Beverly Hills hacienda

BEVERLY HILLS (Seattle Times) — The 93-year-old hideaway tucked into the Beverly Hills area has enjoyed a full life. Past residents include Katharine Hepburn and Boris Karloff, who transformed the one-acre estate into a verdant retreat full of terraced gardens, rolling lawns, eucalyptus hedges, orchards and a rose garden.

These days, the home has been home to noted producer John Goldwyn and hotelier Jeff Klein.

Now, Goldwyn and Klein are readying the storied estate for a new chapter, putting it up for sale after five years of ownership for $8.995 million.

Built in 1927, the Spanish-style hacienda counts Katharine Hepburn and Borlis Karloff as former residents. The landscaped grounds center on a 5,000-square-foot hacienda brimming with Spanish style.

Beamed ceilings and vibrant Saltillo tile floors sandwich the living spaces, and custom tile lines the […]

Continue reading at www.seattletimes.com

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Celeb Homes

John Travolta Sold His Brentwood Compound to Scooter Braun for $18M

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BRENTWOOD (Los Angeles Times) — Actor John Travolta, shown in 2018, and his wife, actress Kelly Preston, have sold their longtime Brentwood compound in an off-market deal for $18 million.

Is it the end of summer loving in Brentwood for John Travolta? The actor and his wife, actress Kelly Preston, have quietly sold their longtime home in the Los Angeles neighborhood in an off-market deal for $18 million.

The buyer was a trust tied to big-time record executive Scooter Braun, who also owns the property next door, according to real estate sources outside the transaction.

The fenced and gated estate centers on a Spanish-style mansion of 9,100 square feet with 10 bedrooms and 10 bathrooms. A guardhouse […]

Continue reading at www.latimes.com

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