Los Angeles
Distressed sales and 9-figure discounts: Hard-to-sell mega-mansions find a last resort at real estate auction
An aerial view of the grounds of Villa Firenze in Beverly Hills, California. Concierge Auctions When high-priced mega mansions for sale languish on the market — sprawling, flashy and unable to attract a buyer — some owners turn to a double-edged option: a real estate auction. The auction block can move trophy properties with nosebleed-worthy […]
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Charlie Munger-linked Daily Journal cuts Alibaba stake in half
Daily Journal, the Los Angeles-based newspaper company tied to Charlie Munger, just slashed its holding in Chinese ecommerce giant Alibaba in half. Source
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Inside the $87 million hilltop palace for sale in Beverly Hills
Private drive leading to the main residence at 1420 Davies Dr in Beverly Hills. Joe Bryant “For a person who likes this style there’s nothing like it, that’s why we feel bullish on the price,” listing agent Aaron Kirman of the Aaron Kirman Group told CNBC. The palatial main residence reigns over 90210 from an […]
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Here’s what’s inside the nearly $140,000 gift bag given to Steven Spielberg, Will Smith and other Oscar nominees
The Oscars are on Sunday, and Los Angeles will soon be awash in designer gowns, famous movie stars and high-price gift bags. For the 20th consecutive year, LA-based marketing company Distinctive Assets is distributing its famously expensive “Everybody Wins” gift bags to select nominees. This year’s bag is valued at just over $137,000 and includes […]
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