German Investor Buys $43 Million L.A. Spec Mansion

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German Investor Buys $43 Million L.A. Spec Mansion
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L.A.’s high-end real estate market may be in the doldrums overall, but the super-sized deals keep recording. This time, billionaire British property developers Ian and Richard Livingstone hav…

L.A.’s high-end real estate market may be in the doldrums overall, but the super-sized deals keep recording. This time, billionaire British property developers Ian and Richard Livingstone have sold their latest megamansion project, built on speculation with L.A.-based developer Max Fowles-Pazdro, for somewhere north of $40 million — not far below the $46.5 million they [...

5 million asking price but also nearly $10 million more than the sellers — airplane rivet tycoon-turned-philanthropist James Randall and his longtime wife Eleanor — paid for the property, way back in late 2008. The new [...]Though the off-market transaction went down without fanfare, records show that powerhouse music executive Steve Barnett — the current Chairman and CEO of Capitol Records — has sold his hilltop L.A. mansion for just a smidgen under $17 million, more than double the $7.

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