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Chen in 2005. China Photos/Getty Images Chen offered $500,000 over the $24.5 million asking price, beating multiple other competitive offers, a spokesperson for Douglas Elliman, one of the brokerages who held the listing, told Insider. The [winning] offer was compelling, but we had buyers waiting in the wings, Listing agent Ernie Carswell of Douglas Elliman told Mansion Global. In 2016, Chen and his wife, Chrissy Luo, donated $115 million to create the Tianqiao and Chrissy Chen Institute for Neuroscience at Caltech, which is just a five-minute drive from their new home. Chen declined to comment on the purchase via his company. Called the Seeley Mudd Estate, the 14,000-square-foot home is also known as the University of Southern California (USC) Presidential Mansion because it housed the university s presidents for 40 years. ....
Southern California home prices hit another record, sales up latimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latimes.com Daily Mail and Mail on Sunday newspapers.
Another month, another record: SoCal home prices hit all-time high msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
USC presidential mansion sells for $25 million in San Marino latimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latimes.com Daily Mail and Mail on Sunday newspapers.
Hollywood Roosevelt Hotel owner asks $21.5 million for estate latimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latimes.com Daily Mail and Mail on Sunday newspapers.