Friday, 6 March 2020

Hearst estate owner hopes for $125M parachute amid megamansion frenzy

When the Beverly House hit the market last month with a $125 million asking price, it seemed crazy, sure, but not that crazy. Jeff Bezos had just agreed to pay David Geffen $165 million for the Jack Warner Estate in Beverly Hills, and that record sale was preceded by Bel Air mansions selling for $150 million and $120 million in the past year. So, if those estates could fetch nine figures, why couldn’t real estate



source https://therealdeal.com/2020/03/06/hearst-estate-owner-hopes-for-125m-parachute-amid-megamansion-frenzy/

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