Morning Brief: Last Year Was the Hottest on Record, According to NASA
Also the L.A. River master plan is unveiled, and more
» Last year was the hottest on record, NASA finds, as climate change continues to accelerate. “This isn’t the new normal,” a researcher says. “This is a precursor of more to come.” [The Guardian]
» Latinos in L.A. County are dying from COVID-19 at a faster rate than any other group. An average of 28 out of very 100,000 Latinos in the county is now dying each day due to the virus. [Los Angeles Times]
» The latest L.A. River revitalization master plan has been revealed. An updated to the decades-long project, this version of the plan encompasses all 51 miles and seeks to prioritize environmental sustainability and community engagement. [Forbes]
Fit for a Fresh Prince! Inside America s most expensive home - a $340 MILLION Bel Air mansion which has 21 bedrooms, 42 bathrooms and a philanthrophy wing for charity galas
The 105,000 square-foot mansion, located in Bel-Air, Los Angeles, is the largest home in the entire world
The home, which took eight years to construct, has just been completed and is now up for sale for $340 million; that price tag makes it the most expensive home listed for sale in American history
The mansion features five swimming pools, a 30-car garage, a four-lane bowling alley, and a philanthropy wing for charity galas
The home s asking price is more than double that of the most expensive house previously sold in America - a home in New York that fetched $137 million in 2014
$165 million Jeff Bezos
Jeff Bezos’ $165-million purchase of David Geffen’s Beverly Hills estate broke California’s all-time price record.
(NearMap)
Advertisement
The world’s richest man flexed his wealth in February, as Amazon billionaire Jeff Bezos dropped $165 million on David Geffen’s famed Warner estate in Beverly Hills. The mammoth sale obliterated California’s all-time price record, which was set in 2019 by Lachlan Murdoch’s $150-million purchase of the “Beverly Hillbillies” mansion in Bel-Air.
The nine-acre estate offers a world of its own, with a golf course, tennis court and pool all surrounding a Georgian-style mansion erected in the 1930s for movie mogul Jack Warner. The purchase was the latest in a long line of real estate deals for Bezos, who owns other homes in Beverly Hills as well as properties in Seattle, Texas and Washington D.C.
Top Sales: Spec homes and celebrities fuel a red-hot November market [Los Angeles Times]
After a quiet October that saw no deals north of $20 million, Southern California’s luxury real estate market came roaring back in November, with three homes trading hands for more than $30 million including two on the same street.
Here’s a closer look at the priciest deals that went down in Southern California last month.
$47 million Beverly Hills
November’s biggest deal was in the 90210, where Nile Niami’s extravagant spec mansion, dubbed Opus, sold to San Marino real estate developer Bin Fen Cheng for $47 million.
Print
After a quiet October that saw no deals north of $20 million, Southern California’s luxury real estate market came roaring back in November, with three homes trading hands for more than $30 million including two on the same street.
Here’s a closer look at the priciest deals that went down in Southern California last month.
$47 million Beverly Hills
November’s biggest deal was in the 90210, where Nile Niami’s extravagant spec mansion, dubbed Opus, sold to San Marino real estate developer Bin Fen Cheng for $47 million.
Advertisement
It’s a massive sale but far shy of the original $100-million price tag when it first listed in 2017 (alongside a racy marketing campaign that involved a house tour filled with luxury cars and scantily clad women).