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Estates

BUSINESS
February 15, 2014 | By Lauren Beale
Perhaps not realizing they would receive so much media attention, singer-songwriter superstar Mariah Carey and her husband, Nick Cannon , pulled their Bel-Air home from the Multiple Listing Service only four days after listing it for sale at $12.995 million. The home was listed on the MLS as a "celebrity estate. " Would-be buyers and their agents can consider themselves on notice that the couple have designs on selling. Their gated three-acre property centers on a Hamptons-inspired mansion with canyon, city and reservoir views.
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NATIONAL
February 13, 2014 | By Christi Parsons
WASHINGTON - They'll meet at a discreet compound in Southern California on Friday, dining with a view of the mountains before a long talk and, if the mood strikes, a walk around the grounds in the balmy night. It's hardly a storybook Valentine's Day, with President Obama as the host and Jordanian King Abdullah II the guest at Rancho Mirage's luxurious Sunnylands estate, which is becoming the Camp David of the West. But the setting holds a special allure for world leaders looking to work out nettlesome problems, far from the media glare and diplomatic protocols that come with an official visit to the White House.
NEWS
February 12, 2014 | By Lisa Boone, This post has been updated, as indicated below.
Calling all punk enthusiasts: Singer Exene Cervenka is downsizing and shedding more than 40 years of antiques in the process at a four-day estate sale beginning Thursday in Santa Ana. "One hundred years of Americana needs a good home," Cervenka said of the upcoming sale. "Treasured memories of the past can live on in your hands. Like a small inheritance, but without the squabbling with siblings. " Items include what you might expect from the former member of the iconic Los Angeles band X: Electric guitars and old carnival chalk prizes.
ENTERTAINMENT
February 11, 2014 | By August Brown
One can only imagine the caliber of punky treasures lurking around the back of Exene Cervenka 's closet. Now you can find out for yourself, because the X singer and L.A. punk/country doyenne is downsizing, and  having an estate sale this Thursday . " Calling all Betty Crocker Punk Rockers!!!" she writes on the event site. " 100 years of Americana needs good home. Treasured memories of the past can live on in your hands! Like a small inheritance, but without the squabbling with siblings!"
CALIFORNIA | LOCAL
February 7, 2014 | By Jeff Gottlieb
The spectacle that was Michael Jackson's life shows no signs of abating with his death. There was the conviction of the doctor who gave him the fatal overdose of a powerful anesthetic, battles over his will, attempts to remove the executors of his estate and the wrongful death suit against the promoter of his doomed comeback tour. Now, Jackson's estate is in the midst of a fight with the Internal Revenue Service. PHOTOS: Michael Jackson | 1958-2009 The agency has told Jackson's executors that the estate owes $505 million in taxes and an additional $197 million in penalties, for a total of more than $702 million.
BUSINESS
February 6, 2014 | By Roger Vincent
Broadway, the sparkling entertainment district of mid-20th-century Los Angeles, had a long fall. As residents moved to the suburbs, opulent movie palaces dating to the early days of the film industry closed their doors. Upscale shops were closed, and department stores decamped for newer neighborhoods in the 1970s and 1980s. Businesses catering primarily to Latino immigrants kept the sidewalks active, but most buildings fell empty above the first floor. Much of downtown has enjoyed a renaissance since 2000.
BUSINESS
February 5, 2014 | By Roger Vincent
CBRE Group Inc., the world's largest commercial real estate brokerage, reported an 11% jump in revenue during the fourth quarter, led in part by thriving property markets in Europe, the Middle East and Africa. Profit was down from the same period in 2012, however, as the Los Angeles company wrote down $106.6 million primarily on the decreased value of its investment pools in Europe Southern California's housing recovery Fourth-quarter net income was $114.6 million, or 34 cents a share, down from $173 million, or 53 cents, a year earlier.
WORLD
February 3, 2014 | By Robyn Dixon
JUBA, South Sudan -- Nelson Mandela left an estate worth about $4.1 million -- a minuscule fortune compared to the wealth of many African leaders -- to his widow, Graca Machel; other family members; staff; and educational institutions, according to a reading of his will in South Africa on Monday. He also left a generous portion of the royalties from the sale of his books and other items to the African National Congress, to be distributed through a trust and used to promote the governing party's ideas and national reconciliation.
BUSINESS
February 1, 2014 | By Lauren Beale
"Twilight" film series vampire Robert Pattinson found a warm body to pay $6.375 million for his Los Feliz home. Jim Parsons of "The Big Bang Theory" is the new owner. The 1922 Spanish Colonial-style house has a formal entry, a library/study, a den, three bedrooms, 3.5 bathrooms and 4,026 square feet of space in two stories. Antiqued tile and stone, hand-carved wood and stenciled ceilings maintain a vintage vibe. The 1.5-acre sloping lot, enclosed by walls, features a lagoon-style swimming pool, waterfalls and fountains.
ENTERTAINMENT
January 25, 2014 | By Noel Murray
Rush Universal, $29.98; Blu-ray, $34.98 Available on VOD beginning Jan. 28 Director Ron Howard and screenwriter Peter Morgan tell the story of 1970s Formula 1 racing stars James Hunt (Chris Hemsworth) and Niki Lauda (Daniel Brühl) in "Rush," a true-sports adventure that starts out as a "the olden days were groovy" corn-fest, then takes a turn for the better. The second half of the film concerns itself mostly with the incredibly tight points-battle between Hunt and Lauda throughout the 1976 season, and those racing sequences - some of which were shot with a subjective camera, in bad weather conditions - are white-knuckle.
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