Sunday Real Estate Round-Up

by Deidre Woollard (RSS feed)
Feb 12th 2006 at 10:03AM

From the LA Times Hot Property;
--Cher becomes the latest celeb to take up residence in the 32-story Sierra Towers purchasing a $4.5 million unit in the West Hollywood building. The unit belonged to David Geffen a while back and currently belongs to Vincent Gallo. Cher has wisely decided to gut the unit.
--An eight-acre piece of land in Beverly Hills has been sold for $33.6 million to Tom Gores, chairman and chief executive of Platinum Equity. The land sits behind David Geffen's Beverly Hills home.
--As we previously mentioned Justin Berfield from "Malcolm in the Middle," is set to buy the "Newlyweds" house. He has put his Studio City home on the market for $1.989 million. The listing is here.
--Fashion designer Cesar De La Parra has sold his South Pasadena home for just under $1.9 million after listing it in 2004 for nearly $3.2 million.

From the NY Post Gimme Shelter:
--Donald Trump is working on a new project, a hotel/residential complex of approximately 50 stories, located a short distance from the Holland Tunnel.
--The penthouse apartment of the late philanthropist Enid Haupt will be sold for its asking price of $27.5 million, with two backup bids.
--Another unit for sale at 30 Crosby St. This time Royal Shakespeare Company chairman Laurence Isaacson has put his three-bedroom duplex for sale for $6.45 million asking price. Pictures of the very contemporary and sleek duplex can be found at the listing.
--The former Hamptons estate of the late Warner LeRoy is being divided up. More than half of the land has been scooped up by the buyer of LeRoy's original house and the Town of East Hampton for conservation purposes. The rest of the land (around 20 acres) will be divided into eight lots for spec houses averaging around $5 million each.

From the NY Observer's Manhattan Transfers:
--New Yankee Johnny Damon has picked up a $5.9 million apartment on the 39th floor of the Cesar Pelli–designed Bloomberg tower.
--Bob Guccione's mansion is on the market. The 48-foot-wide Beaux-Arts mansion is listed at an eye-popping $99,999,99. You can find the listing for the palace of opulent tackiness here.

From Forbes Movers & Shakers:

--A Beverly Hills estate on land once owned by the late actor Charles Boyer, Herb Alpert and David Geffen has gone on the market for $28 million. The mansion has four bedroom suites, a media room, swimming pool, sunken tennis court and lots of flat land. The listing is here.
Elaine Orbach, widow of actor Jerry Orbach, has purchased an apartment on Manhattan’s Upper West Side, for $2.2 million.

Tags: beverly hills, celebrity, cher, david geffen, donald trump, luxury real estate, LuxuryRealEstate, new york real estate

Filed under: Estates

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Benjamin Bach Feb 12th 2006 12:28PM

Bob Guccione's apartment isn't actually for sale at $99,999,999 - they're actually having a sealed envelope auction to decide who buys it. From what I heard, they are letting qualified buyers tour the property soon, and then they will present their bids in a sealed envelope to be opened in April. It's comparable to $50 million townhouses that have sold recently.

Ben