Starlet’s Holmby Hills estate on market

December 21, 2007

Abbe Lane, an American actress & singer who was once married to band leader Xavier Cugat and described as “the swingingest sexpot in showbusiness” has placed her Los Angeles residence on the market for $19,750,000.
The property, which is represented by Jeff Hyland of Hilton & Hyland in Beverly Hills is located in the Holmby Hills [...]

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$65 Million Estate Sells At Full Price

December 18, 2007

The Wall Street Journal yesterday reported that a $65 million estate north of San Francisco is under contract for full asking price. Listed by Olivia Hsu Decker of Decker Bullock Sotheby’s International Realty, the mansion was ranked in last year’s Ultimate Homes State by State Edition as one of four $65 million listings in [...]

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Celtics Owner Builds Mansion

December 17, 2007

Check out this story from yesterday’s Boston Globe on the $21 million 21,000-square-foot mansion under construction in Weston, Mass.
http://www.boston.com/news/local/articles/2007/12/16/living_large/?page=1

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Manhattan Luxury Condo Market Soars

December 14, 2007

Further proof that some markets and some locales are completely resistant to any kind of real estate downturn, Prudential Douglas Elliman Real Estate has released its third quarter report on Manhattan condos and co-ops, and the numbers are astonishing. Year over year, the report cites a 43.6 percent drop in luxury inventory and an increase [...]

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Saudi Prince Sets Aspen Record With Sale

December 10, 2007

Saudi Arabian Prince Bandar bin Sultan may have taken his $135 million Hala Ranch off the market, but last week he sold one of his other properties for $36.5 million-an Aspen record. Reportedly, the buyer was Jeffrey M. Soffer, a principal in Turnberry Associates, a huge real estate development company based in Florida and [...]

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Survey Show Wealthy Aren’t Scrooges

December 7, 2007

Some people’s view of the wealthy may be inspired by Dickens’s Scrooge, but this survey shows quite the opposite. According to a new Wells Fargo study, charitable giving, volunteerism and caring for loved ones are key priorities. It’s also interesting to look at the four wealth lifecycle categories and the differences between them. [...]

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NFL GREAT RICE TO SELL ATHERTON ESTATE

December 2, 2007

According to the Los Angeles Times, one of professional football’s all-time greatest players is now downsizing.
Jerry Rice, arguably the greatest player in the history of the NFL has listed his three-story Atherton, California estate for $22 million dollars with Pierre Buljan of the Pierre Buljian Group/Cashin & Company of Burlingame.
Mr. Rice and his wife Jackie [...]

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Hedge-fund manager buys Forbes Ranch

December 1, 2007

According to The Wall Street Journal, a wealthy hedge-fund manager recently purchased The Forbes Ranch for the record price of $175 million dollars.
 
The transaction represents the single largest home purchase in the United States to date.
 
Mr. Louis Bacon, head of Moore Capital Management was the buyer of this corporate retreat which was purchased by the [...]

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