Real Estate newsletter: Bel-Air flow mansion is the year’s biggest sale

Welcome back again to the Real Estate newsletter, where mammoth product sales and one-of-a-kind listings try to make the largest splashes as we go to a summer industry that’s sure to remain hot.

The week’s two most interesting property reports share something in common - homes that are famous due to their later former owners - however the houses themselves couldn’t be more different.

The bigger of the pair is hotel magnate Barron Hilton’s longtime real estate, a 15,000-square-foot Bel-Air trophy estate that sold for $61.5 million - which can be Southern California’s priciest dwelling sale this year. More than in the Hollywood Hills, a 100-year-previous abandoned Craftsman once rented by rock icon Kurt Cobain surfaced on the market at $998,000. Predicated on the photos, it could desire a little work.

In the united states in Tampa, Fla., Tom Brady discovered that possibly he isn’t immune to landlord difficulties. His landlord just happened to be Yankees legend Derek Jeter, who sold the 22,000-square-ft . mansion that Brady was renting for a great $22.5 million. Let’s hope the movers are careful with the superstar quarterback’s seven Super Bowl rings.

Another week, another potential task for downtown L.A good. The owners of the plant where this extremely newspaper is printed happen to be wishing to redevelop the site right into a Hollywood-style lot with 17 soundstages. The budget: $650 million.

Speaking of aspiring jobs, the winners are set for the “Low Rise: Housing Ideas for Los Angeles” competition, which challenged architects to imagine new, higher-density alternatives rooted found in the architectural traditions of Southern California.

While catching through to the latest, check out and like our Facebook page, to purchase property stories and updates through the entire week.