CNET Founder, Halsey Minor, Sings Bankruptcy Sale Blues as LA Estate Hits Market for $14.9 Million

    Posted by Daisy  |  August 15, 2013  |  11:13 am  |  Tags: , , , , , , , , ,

    Bloomberg.com

    Halsey Minor

    Los Angeles, CA

    Most Known For

    Founding CNET and blowing a multi-million dollar fortune

    Home Stats

    7,479-square-foot Mid-Century mansion with four bedrooms and six bathrooms

    Price

    $14,950,000

    To quote the immortal lyrics of The Notorious B.I.G., we’ve got another unfortunate case of “Mo Money, Mo Problems.”

    The 1990s and 2000s were good years for Halsey Minor. He founded CNET in 1993, turning it into one of the Internet’s first profitable companies, then sold it to CBS for $1.7 billion in 2008. But by comparison, the last few years haven’t been quite as stellar. Minor was named #1 on the state of California’s list of top 250 delinquent taxpayers in 2012, with unpaid taxes estimated at $10,711,699.29. And in May of this year, he filed for Chapter 7 bankruptcy. Allegedly, the former multi-millionaire owes more than $100 million and only has $50 million on hand to cover his debts.

    Now, as a likely part of that filing, Minor’s 7,479-square-foot mansion in Los Angeles has hit the market for $14,950,000 as a bankruptcy sale — that’s about $5 million less than what he purchased it for in 2006.

    Located in lower Bel Air, this gated home sits on a cliff with unobstructed, panoramic city and ocean views. The four-bedrooms, six-bathroom home was originally designed by famed Mid-Century architect Richard Dorman and built in 1964 — but move-in ready, it is not. According to the listing, the home has come into disrepair. So if you’re looking for a contemporary estate in a prime location in Los Angeles to fix up, look no further.

    Side Note: Minor also owns an 18,000-square-foot, eight-bedroom, seven-bathroom home in San Francisco’s prestigious Presidio Heights neighborhood that’s also currently for sale for a cool $21 million. That home was modeled after Marie Antoinette’s Le Petit Trianon in Versailles — but like his Los Angeles home, it’s also in a pretty bad shape.

    Images via the MLS.

      Seven Nights In Heaven! One Direction Spends $27,000 For Seven Nights To Rent Bel Air Mansion

      Posted by Korina  |  August 8, 2013  |  4:13 pm  |  Tags: , , , , ,

      The Sydney Morning Herald

      One Direction

      Bel Air, CA

      Most Known For

      Dashing boy band from the UK

      Home Stats

      5 bedrooms, 8 bathrooms, 11,000 square feet

      Price

      $3,857 a night / $27,000 for seven nights

      One Direction is living large for a week in Los Angeles as the adorable boy band dropped $27,000 for seven nights to rent a lavish pad on the ever popular Mulholland Drive. According to our friends at the Daily Mail, the boys are in town to finish up their North American leg of the tour and to promote their new dolls.

      The mansion is secluded and gated, which is good considering all the attention these boys get from their screaming fans, and has floor-to-ceiling glass walls that offers a panaramic view of the LA city lights and majestic mountain ranges. This party house is complete with a pool table and fully stocked wet bar just in case the group decides to invite their groupies over after one of their shows. And, with five bedrooms and eight baths no one will have to share a room in this 11,000 square foot home!

      And that’s just the inside! Perfect for the summer nights, the mansion boasts more than more than 2,500 square feet of outdoor party space with a sleek swimming pool and two spas.

      Listing provided by our very own Josh and Matt Altman.

        Glee Star Naya Rivera Flips Beverly Hills Home, Makes $455K Profit

        Posted by Cristin  |  June 27, 2013  |  10:42 am  |  Tags: , , , , , , , , ,

        Wikipedia

        Naya Rivera

        Beverly Hills, CA

        Most Known For

        Actress and singer who plays Santana Lopez on Glee

        Home Stats

        4 bedrooms, 3.5 bathrooms, 3,300 square feet, pool, jacuzzi, remodeled

        Price

        $1,930,000

        Glee starlet Naya Rivera has flipped her home in Beverly Hills, making nearly half a million dollars along the way.  She paid $1.475 million for the Beverly Hills Post Office-area home on April 4, 2012 and just told it for $1,930,000. This kind of return isn’t common in every market, but in this celebrity-infested Beverly Hills neighborhood, buyers pay big bucks for the 90210 zip code!

        Rivera made her house flip a family affair – she employed her mother Yolanda Rivera as the listing agent on the home.  Nice work, mom!

        Rivera’s just-sold home is on a cul-de-sac and has been remodeled and features 4 bedrooms and 3.5 bathrooms spread out over 3,300 square feet.  The home includes a formal living area and dining room overlooking the courtyard and pool. The library includes a wet bar with its own kegerator! The master suite includes dual walk-in closets and a built-in sauna and steam room. The backyard includes a completely remodeled salt water pool, jacuzzi and fire pit.

        Rivera recently decamped to a 5 bedroom, 4 bathroom, 4,186 square foot East Coast traditional estate in Los Feliz that property records show she purchased on April 15, 2013 for $2,600,000.

          Penthouse at the Famed Plaza Hotel On The Market for $59 Million

          Posted by Cristin  |  June 13, 2013  |  7:48 am  |  Tags: , , , , , , , ,

          Home Stats

          4 bedrooms, 5.5 bathrooms, 6,319 square feet spread out over 3 floors

          Price

          $59,000,000

          International real estate mogul Christian Candy is selling the penthouse at the famed Plaza hotel for $59 million. The Monaco-based Christian bought the penthouse for $25.9 million last year, and after some massive upgrades, he flipped the one-of-a-kind property back on the market with a $59 million price tag.

          This isn’t a one-off deal for Christian. He and his brother Nick Candy are real estate developers known for creating high-design luxury residences, including the ultra-exclusive One Hyde Park in London.

          The Plaza triplex penthouse features approximately 6,319 square feet of interior of living space and 229 square feet of exterior living space spread over the 19th, 20th and 21st floors. The 19th floor features an elevator that services all 3 floors, 3 bedroom suites and a laundry room. The 20th floor features a grand living room, 14-seat dining room and a gourmet kitchen that boasts 21 foot ceilings and a skylight. The 21st floor features the sumptuous master suite with private terrace.

          According to the Wall Street Journal, if the penthouse sells at its asking price, it would set a record for the century-old building, which converted to condominiums in 2007. The highest purchase to date in the Plaza is $6,316 per square foot, or $48 million, paid for two adjacent condos by Igor Krutoy, a Russian composer and music producer, in 2011.

            Luxe Agent: Drew de la Houssaye of The Brokerage Real Estate Group

            Posted by Cristin  |  June 10, 2013  |  4:16 pm  |  Tags: , , , , , , ,

            Luxe Agent: Drew de la Houssaye

            Southern California

            Drew de la Houssaye is a regular commentator on the LA Times Hot Properties webcast and can be found on Twitter @MadCribs where he tweets about celebrity homes, architecture and real estate economics. He is an agent with THE BROKERAGE Real Estate Group Beverly Hills, which specializes in renovating and marketing luxury homes. Their Palm Springs office specializes in mid-century modern architecture and offers vacation rentals through its affiliate, Concierge by THE BROKERAGE.

            Drew began his career in real estate over 20 years ago, and he has advised over 550 families and investors on real estate transactions.

            He regularly volunteers at homeless charities, enjoys skiing, sailing, travel, working-out, air hockey and hot wings.

            Let’s get to know Drew de la Houssaye better:

            How did you get your start in real estate?
            My first job out of USC’s Marshall School of Business was with a commercial real estate firm that specialized in tenant representation for Fortune 500 clients. Our broker had formed real estate investment partnerships with many the city’s top CEOs, CPAs and real estate attorneys. My job was to administer the day-to-day operations of these partnerships and oversee the office and industrial buildings that they controlled.

            What sale or career milestone are you most proud of?
            Once my clients got moved-in to their first home, they invited me over to watch the Superbowl. I noticed that they had framed their son’s drawing of “Our Dream House,” and put it in the foyer. Looking outside, I saw his kids playing in the yard — not in the alley behind some apartment building anymore, and I thought, “This is a great job.”

            What is your dream home location?

            I live in a home in Bel Air with canyon views, but I have a deep affinity for lake front homes. I find homes overlooking large, placid bodies of water to be relaxing and serene…even a little mystical. I love Ashton Kutcher’s contemporary modern home overlooking Lake Hollywood, and I have friends with a home at the north end of Lake Tahoe which has amazing sunrise views of the lake. I could very easily imagine myself in either of these homes.

            What kind of car do you drive?

            I drive a convertible Jaguar XK8. It’s my second Jag. I’m a big fan of English cars. I love my convertible, but it isn’t practical for taking buyers to showings. So, my next car will be a sedan. I’ve fallen in love with the Jaguar XJL Ultimate which has iPad monitors and a Champagne cooler in the backseat…perfect for chauffeuring clients to showings in Bel Air, Holmby Hills, Beverly Hills or Palm Springs.

            iPhone, Android, or BlackBerry?

            I got an iPhone for Christmas a few years ago and reluctantly gave up my TREO. Now, I LOVE IT! It has actually made me more productive.

            What site/app do you check first when you wake up?

            After I work-out and meditate, I check my Facebook account for inspirational and humorous posts. I like to have a good laugh before I start my day. In the afternoon, I usually go to my Twitter account @MadCribs and tweet about celebrity homes, architecture and major real estate market trends.

            What was the last book you read?

            Unreal Estate by Michael Gross. I love the history of Los Angeles, and this book chronicles the growth of the city by recounting the stories of a dozen great homes and the people who lived in them. It starts during the Spanish Colonial period and traces the growth of the city though the development of Beverly Hills, Holmby Hills, Westwood and Bel Air; and it exposes the scandals behind the building of these world-class communities.

            Name your favorite guilty pleasure?

            I’ve seen every episode of The Kardashians. Please, don’t judge me.

            What’s one thing someone would never guess just by looking at you?

            I’m a computer nerd. I write in HTML, ASP, JavaScript, VBScript and Visual Basic. I built and manage my own website, DrewDeLaHoussaye.com. I also wrote an application for pre-qualifying mortgage loan applicants. I have a vision of one day writing a single super-application that will help an investor locate, analyze, purchase, finance, remodel, manage and market properties.

            Check out these amazing for-sale listings!

             

             

              Music Mogul Irving Azoff Lays Down $16 Million For Holmby Hills Mansion

              Posted by Matt  |  May 20, 2013  |  5:14 pm  |  Tags: , , , , , ,

              www.popmatters.com

              Irving Azoff

              Los Angeles, California

              Most Known For

              Former CEO of Ticketmaster, manager to dozens of music luminaries

              Home Stats

              5 bedrooms, 7 bathrooms, 1.5 acres

              Price

              $16,000,000

              You might not know his name, but if you’re a music fan you most likely have purchased something from him. Irving Azoff is one of the most influential people in the music business, with a recent article in Billboard naming him as THE #1 most powerful.

              Azoff got his start managing musicians and his former clients list looks like a who’s who of the music world, with names such as:  Christina AguileraJourneyJewel, the EaglesBushREO SpeedwagonSeal, Van HalenNeil DiamondNew Kids on the BlockSteely Dan and New Edition.

              After managing all these luminaries, Azoff also served as CEO of Ticketmaster Entertainment and Executive Chairman of Live Nation Entertainment. So, even if you weren’t buying music from any of these artists you have likely been to a concert that required buying tickets through one of these other companies.

              One can assume that Mr. Azoff has been well compensated for his work over the years and this $16m mansion proves it. The home is located in the increasingly swanky Holmby Hills area, on a massive 1.5 manicured acres. The sleek, modern styled villa is situated behind a gate and designed for privacy. It features 5 bedrooms and 7 bathrooms with high ceilings and large windows throughout.

              The chef’s kitchen is stunning and includes all of the high-end appliances that you would expect. After dinner, retire to the master wing that features a large master bedroom, his and her baths and a study that overlooks the grounds.

              The home is rich with amenities including formal dining and breakfast rooms, library, family room with bar, covered outdoor patio, full-sized gym, pool, spa, pool house and guest house.

              Images via the MLS.

                Well That Was Fast – 36 Days After Listing, Kevin James Sells Encino Mansion For More Than Asking!

                Posted by Cristin  |  May 10, 2013  |  10:55 am  |  Tags: , , , , , , , ,

                Most Known For

                Playing Doug Heffernan on the hit show 'King of Queens'

                Home Stats

                5 bedrooms, 9 bathrooms, 11,291 square feet, pool

                Price

                $5,550,000

                36 days after listing his palatial Encino mansion for $5,495,000, ‘King of Queens’ actor Kevin James has sold the spread for $55,000 more than the asking price. He must of priced it just right, because the home flew off the market at record speed. The incredible 11,291 square-foot home on Bertella Drive in Encino, CA has 5 bedrooms and 9 bathrooms. Property records show that James purchased the home on August 14, 2003 for $3,200,000. Looks like he made a tidy $2 million+ profit on the sale!

                The still unknown buyers are getting a home that is a a true, resort-quality, custom estate set privately behind gates, on a cul-de-sac street. The impressive retreat features an open floor plan and the finest amenities – which include a state-of-the-art home theater, Crestron Home Automation, a massive gym, luxurious spa and gourmet chef’s dream kitchen. The master suite has a sitting area with fireplace, his and hers baths, and a dressing room that mirrors a posh boutique on Rodeo Dr. Walls of glass doors open to the large, lush lot, complete with large outdoor entertaining areas.
                Aside from his long and successful run on ‘King of Queens,’ James made his mark on Hollywood in lead roles in the comedy films I Now Pronounce You Chuck and LarryPaul Blart: Mall CopGrown Ups, and Zookeeper.

                  Luxe Agent: Chris Cortazzo of Coldwell Banker Previews International

                  Posted by Cristin  |  April 25, 2013  |  2:02 pm  |  Tags: , , , , , , , , ,

                  Luxe Agent Chris Cortazzo

                  Malibu, CA

                  Before you know it, summer will be here! And if you’re looking for a new home in Malibu before summer arrives, then you must meet Chris Cortazzo, the #1 agent for Malibu, California, nationally and internationally for Coldwell Banker.  Since 2000, Chris has sold more than $1.5 billion in real estate, establishing him as Malibu’s #1 agent for the past decade.

                  Chris has changed the face of real estate in Malibu, and is in a league of his own. He credits his success to hard work, extensive networking, having integrity, and putting his client’s interest first. He makes deals happen, always trying to be a part of the solution; facing challenges head on, and focusing on the positive.

                  Chris was born and raised in Malibu; He grew up on Point Dume, where he currently resides. Chris is passionate about surfing, collecting art, travelling, and keeping close to his family. He consistently gives back to his community, donating to over 40 charities per year. He’s been on the Board of Directors for the Boys and Girls Club of Malibu since 2007, and is chairperson for several local annual fundraising events.

                  Quite the career! Let’s get to know Chris Cortazzo a little bit better!

                  How did you get your start in real estate?

                  Getting one of the most expensive houses in Malibu as my first listing and the  top agent at the time asking the client ‘why would you give it to a nobody.’

                  What sale or career milestone are you most proud of?

                  Buying my first home which was next door to my parents, who are my best friends.

                  What is your dream home location?

                  Anywhere in Malibu.

                  What kind of car do you drive?

                  Range Rover.

                  iPhone, Android or BlackBerry?

                  iPhone

                  What site/app do you check first when you wake up?

                  Trulia, of course!

                  What was the last book you read?

                  “Proof of Heaven,” by Eben Alexander

                  Name your favorite guilty pleasure.

                  Popcorn, popcorn and more popcorn.

                  What’s one thing someone would never guess just by looking at you?

                  Passion, for my family, friends, work, animals and life.

                   

                  Let’s check out some of Chris Cortazzo’s current for-sale listings!

                    Budding Real Estate Mogul, Lauren Conrad, Reportedly Buys $3.7 Million Brentwood Hideaway

                    Posted by Matt  |  April 19, 2013  |  9:18 am  |  Tags: , , , , , ,

                    Downtown Bellevue Network

                    Lauren Conrad

                    Los Angeles, CA

                    Most Known For

                    Reality TV superstar who left The Hills and parlayed fame into legitimate business ventures

                    Home Stats

                    Six bedrooms, 5 bathrooms, 4,303 square feet

                    Price

                    $3,745,000

                    Lauren Conrad has the look of a budding LA real estate mogul as TMZ is reporting she has just purchased her largest property yet, a $3.7 million gem of a home in the exclusive Brentwood neighborhood. LC is best known as playing herself on MTV’s iconic, although short-lived show, “Laguna Beach,” after which she moved onto entirely new levels of drama, hooking-up, and general shenanigans on “The Hills.”

                    LC’s real estate resume is starting to get pretty long these days as she has parlayed her early reality TV star fame into ventures as a fashion designer and author.

                    She sold the famous ‘Hills’ home for a loss in September of 2011, leaving not only the home but her friendships with surgically-enhanced Heidi Montag and Audrina Patridge behind.

                    LC went on to purchase a $1.3 million condo in the exclusive 90210 ZIP code in Beverly Hills. Although the original pictures of the place looked frumpy, one can assume that she put her own personal touch to spruce up the large, multi-story penthouse. She still owns this condo and also owns a four bedroom home in Laguna Beach.

                    Now Lauren is moving on to bigger and better things. Brentwood is one of the more exclusive areas in a city that is full of exclusive areas. Her newly-remodeled, two-story home is on a quiet street and includes six-bedrooms and five-bathrooms in a massive 4,303 square foot floor plan.

                    The traditional style home was built in 1959 and features a chef’s kitchen, a master suite, and dark hardwood floors, as well as multiple fireplaces and a massive patio, basketball court and yard for soaking up the LA sunshine.

                    Images via MLS.

                      Christina Aguilera Snaps Up Beverly Hills Mansion for $10M

                      Posted by Daisy  |  April 15, 2013  |  11:06 pm  |  Tags: , , , , , , , ,

                      Wikipedia

                      Christina Aguilera

                      Beverly Hills, CA

                      Most Known For

                      Golden pipes, and being a former coach on The Voice

                      Home Stats

                      6-bedroom, 8-bathroom, 11,000-square foot Mulholland estate

                      Price

                      $10,000,000

                      Christina Aguilera has purchased another Beverly Hills mansion in the exclusive guard-gated Mulholland Estates community. According to TMZ, who broke the news yesterday, the 11,000-square-foot estate was reportedly purchased from multi-billionaire and global private equity mogul Tom Gores for an even $10 million.  Previously, the home was leased for $20,000 a month by Adrienne Maloof of The Real Housewives of Beverly Hills.

                      Located on a double lot in the Mulholland Estates community, this six-bedroom, eight-bathroom Mediterranean mansion features custom, high-quality finishes and fixtures throughout. The master suite upstairs features a fireplace, two walk-in closets, a private office, a large terrace with fireplace, and a spa-like bathroom lined in marble with a steam shower and tub. Five additional en suites include a large family room with built-in cabinetry.

                      The first floor of the home offers an even larger family room with exposed wood beam ceiling, formal dining room, wood paneled library, and screening room. The gourmet kitchen includes top-of-the-line appliances, a walk-in pantry with refrigerator and breakfast area, and a large center island. The enclosed loggia features wood paneled ceilings, hand painted details, fireplace, and arched glass doors that open to the lush yard. To take in the warm California sun and entertain, the home’s outdoor space includes a saltwater pool and spa, bathhouse, gazebo, and built-in BBQ.

                      But what of X’tina’s current home (you know, the 10,000-square-foot estate that she and former hubby Jordon Bratman bought from the Prince of Darkness and his wife AKA Ozzy and Sharon Osbourne)? A little birdie told Yo Mama of The Real Estalker that the home is currently in escrow.

                      Images via the MLS.