Jeffrey Katzenberg just wrapped up the third-priciest home sale in California history, unloading his Beverly Hills compound in an off-market deal for a cool $125 million, sources confirmed to The Times.
It’s a huge return on investment for the DreamWorks Animation co-founder, who recently turned his efforts toward the short-form streaming platform Quibi. Records show the movie magnate paid $30 million for the property in 2009 and erected a 26,000-square-foot mansion three years later.
Details are scarce, but an aerial photo shows the U-shaped home is approached by a tree-lined driveway and expands to a spacious lawn with a swimming pool in back. It spans more than 6 acres on a promontory lot overlooking the historic Greystone Mansion and the Sunset Strip.
The sale, which was first reported by the Wall Street Journal, ranks among the priciest
Affordable homes, and plenty of them—isn’t that the dream real estate market for buyers these days? As unlikely as it may seem, these places do exist, if you know where to look. The realtor.com® economics team has identified the top markets where buyers can have their pick of homes that won’t bust their budget.
For the most part, the pandemic that has shut down wide swaths of the country and ravaged the economy has not led to bargain-basement deals on real estate. According to the realtor.com analysis, a historic low in for-sale housing inventory has made buyers’ search for affordable homes more difficult than ever before.
“This is a problem that was existing before the pandemic and in many ways was accelerated by the pandemic,” says realtor.com’s chief economist, Danielle Hale.
“Affordability has improved slightly, but it’s such a slight improvement that many people may feel like it
Vital Vio’s lighting goes into home products, like Ellumi brand’s under-cabinet lighting and Broan-NuTone’s antimicrobial ventilation systems. Its technology uses visible light to kill cells of bacteria, mold and fungi, but not Covid-19 specifically.
The coronavirus pandemic is altering every aspect of how we live, especially what we want from our homes. Beyond design and space, housing cleanliness is now paramount. New technology that claims not just to clean, but sanitize our living spaces, is in high demand.
“Everybody has the spotlight on these germ problems right now. A lot of germ issues were here before the coronavirus and, unfortunately, people are taking a harder look now at how are we really investing to make cleaner and safer places,” said Colleen Costello, CEO of Vital Vio, an eight-year-old company that specializes in antimicrobial LED lighting.
Its technology uses visible light to alter the action in cells of bacteria,