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The Paramount Chairman and CEO who recently bought a home in Bel-Air has sold his six-bedroom, 11-bathroom Pacific Palisades house, the WSJ reports. Buyer is Jordan Kaplan, CEO of Douglas Emmett, the locally based real estate investment trust. Purchase price: $21.5 million (down from the initial listing of just under $30 million). It's the kind of place you wouldn't mind hanging out at during the holiday weekend: outdoor kitchen with a wood-burning oven, sunken tennis court and a trout-stocked pond. Inside there's, well, pretty much everything. Also from the Journal: An oceanfront Malibu estate that was listed for $49.95 million has been reduced by $10 million. The estate is owned by Jonathan Frank, a real-estate investor.
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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.