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Well, it's in Bel-Air, which explains a lot. BW's Chris Palmeri blogs that the 12-acre parcel could be the highest-priced single family home site in the U.S. L.A. real estate heir Steve Bing sold the land to an investment group last year for $75 million. Over the years, the property was home to Kim Novak, Red Buttons and Barry Manilow (presumably in different houses). The land is up for auction this week.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Siri versus Hawaiian pidgin (video)Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.