May 10, 2013 |
Rupert Murdoch has just popped the cork on a deal to buy a rare trophy property in Los Angeles: the 16-acre Moraga Vineyards estate, located in the hills above Bel Air. The billionaire media mogul announced his purchase on Twitter on Friday afternoon: "About to celebrate buying beautiful small vineyard right in LA. Great wine, Moraga, owned by great Angelino, Tom Jones, Time cover, 1961!" Murdoch did not reveal the purchase price. The listing price for the Santa Monica Mountains property, which can be glimpsed from the 405 Freeway, was just a tasteful sip below $30 million, according to The Times' Daily Dish blog . Jim Kline, the listing agent with Surterre Properties of Newport Beach, declined to comment on the sale when reached Friday night.
HOME & GARDEN
May 19, 2011 |
Fashion designer Mossimo Giannulli and his wife, actress Lori Loughlin, have sold their Bel-Air estate for $16.6 million, the Multiple Listing Service shows. The Georgian-style house, built in 1942, sits on more than 11/2 nearly flat acres with a guesthouse, sweeping lawns, a north-south tennis court, a swimming pool and a pool pavilion with a fireplace, bar and two-story-high ceiling. Interiors include a two-story living room, a gym, five bedrooms and five bathrooms. Giannulli, 47, founded the clothing company Mossimo in the '80s.
May 21, 2013 |
Actress Mindy Kaling of “The Mindy Project” appears to have another project on her hands. The actress recently bought a fixer in Hollywood Hills West for its asking price of $1.695 million. Built in 1926, the two-story house has a breakfast bar, three bedrooms, 3.5 bathrooms and 1,599 square feet of living space. The living room features a fireplace and expansive windows with ocean and city views. Grandest pool around? Malibu has it Kaling, 33, was on “The Office” from 2005 until the finale this year.
May 1, 2013 |
Now that the Lakers are out of the playoffs, Coach Mike D'Antoni can turn his attention to moving into the house he and his wife, Laurel, just bought in Manhattan Beach for $6.9 million. Set on a walk street, the ocean-view home features a three-stop cherry-paneled elevator, which should come in handy for carting beverages from the 2,000-bottle basement wine cellar to the 400-glass wine bar on the top floor. The open-plan house, built in 2003, includes five bedrooms, five bathrooms and 5,000 square feet of living space.
May 4, 2013 |
WASHINGTON - With full-fledged sellers' markets underway in dozens of metropolitan areas around the country, new research has found curious statistical patterns emerging: Even in cities where listings get multiple offers within days or hours, significant numbers of homes are sitting on the market for six months, 12 months or more with no takers. Call them turnoff listings. Despite roaring sales paces all around them, for one reason or another these houses send shoppers scurrying away, often because of mispricing, excessive restrictions on access to buyers and agents, failure to clean or make repairs and a variety of other marketing bungles.
October 12, 1997
In the Sept. 21 "Real Estate Q&A" column, Robert J. Bruss ("It's Better to Transfer Listing Than to Cancel It") answered a letter writer who had not received promised open houses and advertising promised by the listing agent. The writer had four months to go on the listing. What should be done? Bruss suggested that canceling a listing even for a good reason causes hard feelings with the agent and therefore the writer should try to transfer the listing to another agent in the same office.