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CALIFORNIA | LOCAL
December 1, 1993 | ALAN ABRAHAMSON, TIMES STAFF WRITER
The Menendez family estate, once valued at up to $14 million, is virtually depleted, it was disclosed Tuesday at Lyle and Erik Menendez's murder trial. Shrunken by taxes, legal fees and other costs, Jose and Kitty Menendez's estate is worth no more than $800,000--and has debts at least that high, defense lawyer Leslie Abramson said in court. Probate records are sealed and the defense had kept financial figures secret throughout the trial.
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HOME & GARDEN
April 11, 2014 | By Lisa Boone
Architect Stiles O. Clements had a knack for designing lavish buildings - the Spanish Colonial Revival El Capitan Theater, the Adamson House and the Art Deco Wiltern Theatre among them. Beginning Sunday, architecture buffs can go inside one of Clements' more low-key residential designs as the Pasadena Showcase House for the Arts stages its latest design house in Pasadena. As always, design trends are on display. Twenty-five designers have transformed the 1915 English Arts and Crafts estate while retaining the home's warm spirit.
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CALIFORNIA | LOCAL
September 9, 1994 | ALAN ABRAHAMSON, TIMES STAFF WRITER
The Menendez family dream house, a Calabasas mansion featuring a tennis court, swimming pool and mountain views, was auctioned off Thursday in Probate Court for $1.325 million. Raymond and Vera Stewart, a Woodland Hills couple, bought the house at the proceedings in Beverly Hills Superior Court, submitting the only bid and paying the entire amount by check. The auction marked the sale of the last asset in the Menendez family estate, once valued at $16 million and now down to about $500,000.
BUSINESS
April 5, 2014 | By Tim Logan
The real estate market has long worked on a simple system: If you want to buy a new house, sell the old one and use the equity for a down payment. But the last few years of low ownership costs and rising rents have some move-up buyers trying a new approach: Buy the new house. Keep the old one. And rent it out. Real estate firm Redfin recently asked 1,900 prospective home buyers nationwide what they planned to do with their old house when they bought a new one. As you'd expect, the majority said they would sell.
NEWS
November 7, 1989 | from Associated Press
Actress Bette Davis left her daughters and grandsons out of her nearly $1- million estate, according to a will filed for probate Monday. The bulk of the estate is split between her son and a close friend. Davis, who died on Oct. 6 of cancer at age 81, had been estranged from her daughter, Barbara Davis Hyman of Charlottesville, Va., since Hyman's book, "My Mother's Keeper," was published in 1985.
NEWS
September 17, 1990 | KATHERINE STEPHEN, Stephen is a Washington, D.C., free-lance writer.
In the parlor below the deck of her houseboat docked on the Potomac, a youngish woman--blond and dressed in white--recounts the dream and nightmare of her search for her long-hidden legend-filled past. Among the framed old photographs decorating the wood-paneled room, there is only one that really matters to Jett Williams: a black-and-white picture of a handsome young man in a cowboy hat with a dreamy expression on his face. It is no ordinary face, no ordinary family photograph.
ENTERTAINMENT
April 24, 1995 | CHUCK PHILIPS and FRANK B. WILLIAMS, TIMES STAFF WRITERS
Even before AIDS-stricken rap star Eric (Eazy-E) Wright was laid to rest earlier this month, Wright's former lovers and business associates were haggling in Los Angeles Superior Court for control over his dwindling fortune. "It's sad and it's shocking," said the rapper's 26-year-old widow, Tomica Woods Wright, who has a year-old child by Wright and is pregnant with another, due in September. "A lot of people who claim to know (Wright) really didn't.
CALIFORNIA | LOCAL
October 9, 1991 | BERKLEY HUDSON, TIMES STAFF WRITER
A man who says that he is the adopted son of the late Rev. James Cleveland wants to lay claim to a share of the fortune left behind when the Grammy-winning singer known as the "King of Gospel" died in February. Andre M. Cleveland of Northridge, a rhythm and blues record producer, asserted at a news conference Tuesday that he is entitled to half of the Cleveland estate, estimated at $6 million.
ENTERTAINMENT
July 19, 1993 | MONICA YANT, TIMES STAFF WRITER
Fans who can't get enough of the late Bruce Lee--who died 20 years ago Tuesday--will soon be able to buy their own piece of the legendary kung fu star's life when more than 150 items from his estate are put on the auction block in August.
CALIFORNIA | LOCAL
June 20, 2000
Why tax estates at all? The recipients of estates should be taxed, as they are getting money that they never earned. Earnings, bonuses, lottery and gambling winnings are taxed, so why should a legacy be exempt from taxation? JOSEPH GRODSKY Los Angeles
BUSINESS
April 4, 2014 | By Lauren Beale
Sasha Vujacic, the former Lakers guard, has sold an ocean-view house in Palos Verdes Estates for $2.6 million. Called La Casa Moderna, the Midcentury Modern-style, glass-and-wood house was built in 1966. Floor-to-ceiling windows bring in views of the coastline, the ocean and Santa Catalina Island. The open-plan main floor of the 3,455-square-foot house combines the living room, den, dining room and  kitchen and opens to a balcony. Appointments include crystal light fixtures, remote-controlled window coverings and Venetian-style plaster.
BUSINESS
April 2, 2014 | By Roger Vincent
From some classic Adirondack chairs in front of his colorful new office complex near Marina del Rey, commercial landlord Ned Fox can sit back and watch his property value go up. The developer who made his bones building skyscrapers in downtown Los Angeles during the late 1980s and early 1990s today finds himself with a close-up view of the rapidly evolving planned community of Playa Vista and the young tech and entertainment workers transforming the...
BUSINESS
April 1, 2014 | By Lauren Beale
After an international bidding war, a Westside mansion often described as a French palace has changed hands for $102 million, making it the most expensive residential sale ever recorded in Southern California. As is often the case with high-end properties, the identity of the trophy home's unnamed buyer has been obscured behind layers of lawyers, agents and a limited liability company. But the real estate equivalent of a bread crumb trail suggests that the purchaser of the opulent estate is onetime junk bond king Michael Milken, who has spent more than two decades devoted to philanthropic efforts since he pleaded guilty in 1990 to securities fraud.
CALIFORNIA | LOCAL
March 29, 2014 | By David Colker
Former Los Angeles Times reporter Ruth Ryon, who created the highly popular and enduring Hot Property column on celebrity real estate, died Friday at a hospice facility in Redondo Beach. She was 69. The cause was complications of Parkinson's disease, said her husband, George Ryon. For Angelenos, some of whom visit homes for sale even if they're not looking to buy, Ryon's column quickly became a guilty-pleasure must-read. The first column, which appeared Nov. 25, 1984, led with Johnny Carson buying a house in Malibu for $9.5 million, at the time the most ever paid in that area for a single-family home.
BUSINESS
March 29, 2014 | By Tim Logan
This time last year, investment firms raced to buy dozens of single-family homes in neighborhoods from Fontana to South Los Angeles to lease them out, transforming the mom-and-pop rental business into a Wall Street juggernaut. The flood of cash helped spark a steep rise in prices, drawing criticism for pushing families out of the market. But now the firms themselves have all but stopped buying in Southern California, the latest evidence that home prices have hit a ceiling. The professional investors no longer see bargains here.
BUSINESS
March 29, 2014 | By Lauren Beale
Gisele Bundchen , supermodel and actress, and her husband, New England Patriots quarterback Tom Brady , have put their mega-estate in Brentwood on the market at $50 million. The country French chateau is reached by a winding driveway that ends at a cobblestone motor court. Adding to the Old World ambience created by architect Richard Landry is a moat-like koi pond that meanders alongside the mansion. The limestone-clad house incorporates reclaimed ceiling beams, salvaged tile, antique doors and marble fireplace surrounds.
NEWS
December 30, 1995 | From Times Wire Services
Doris Duke's adopted daughter has ended her fight to gain control of the late billionaire's fortune in exchange for a $65-million settlement from the estate. In a settlement signed Thursday by Manhattan Surrogate Court Judge Renee Roth, Chandi Duke Heffner, 42, dropped claims to the $1.2-billion estate and dropped a breach-of-contract suit contending that Duke reneged on a promise to support her for life, said Heffner's lawyer, David Keyko. Keyko said that $800,000 was paid to Heffner on Friday.
CALIFORNIA | LOCAL
July 2, 2009 | Harriet Ryan
In one corner are Michael Jackson's parents. In the opposite stand a prominent entertainment attorney and a respected music executive. Whether the sides will fight for control of the pop star's lucrative estate or come to an agreement seems likely to be decided in the next four days.
BUSINESS
March 27, 2014 | By Lauren Beale
Ashok Amritraj is in the midst of producing his own double feature of sorts - buying an estate in Bel-Air for $8.25 million and listing a house in the Encino/Sherman Oaks area for sale at $2,199,900. The Italian villa-style mansion he bought features a two-story entry, hand-carved wood details, four fireplaces, an elevator and a six-car garage. There are seven bedrooms, 8.5 bathrooms and 11,500 square feet of living space. The more than half-acre site contains a swimming pool, a spa and lawn.
BUSINESS
March 25, 2014 | By Tim Logan and Andrew Khouri
Southern California is home to some of the most overpriced housing markets in the country. And that's taking the wind out of the recovery. Three Southland regions ranked among the five most overvalued markets in the U.S. in a new report by real estate website Trulia. These are places where the housing costs have far outpaced growth in income. Separately Tuesday, the closely watched S&P/Case-Shiller index reported that Los Angeles home prices inched down in January - the first monthly decline in two years.
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