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Real Estate newsletter: A billionaire buyer revealed

Real Estate newsletter: A billionaire buyer revealed
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Real Estate newsletter: Iconic Hearst estate hits the clearance rack

Print Welcome back to the Real Estate newsletter, which gives you a close-up look at a Southern California housing market that grows hotter by the week. More than a third of Californians have received at least one COVID-19 vaccine dose, and that means more and more folks are emerging from their homes in search of new ones. That led to quick sales for actors Michael Rapaport and Bryan Cranston. The latter sold his place for nearly half a million more than he was asking. The week’s biggest listing, however, came for a potentially less happy seller in Beverly Hills, where the famed Hearst estate surfaced at $89.75 million a far cry from the $195-million sum once sought. That’s because the owner is deep in debt on the property, and the lender is forcing a sale.

Judy Garland s Former Beachfront Malibu Home Listed for $3 9 Million

Blake Griffin scored a deal on a $5 8 million mansion in Brentwood

Resize icon The NBA All-Star Blake Griffin has scored a mansion in L.A.’s Brentwood neighborhood for $5,876,000. Ron Smith and David Berg of Smith & Berg Partners at Compass represented Griffin in the transaction. Jordana Leigh with Rodeo Realty represented the seller. Despite a move from the L.A. Clippers to the Detroit Pistons, the big man is still going hard in the paint when it comes to L.A. real estate. Blake Griffin s Brentwood home Noel Kleinman, courtesy of Compass Living room Noel Kleinman, courtesy of Compass Formal dining room Noel Kleinman, courtesy of Compass Kitchen Noel Kleinman, courtesy of Compass

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