Eli Broad's Malibu compound resurfaces at $75 million [Los Angeles Times (CA)]
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Source: Los Angeles Times
In Malibu, an oceanfront home owned by billionaire philanthropist Eli Broad has come back up for sale at $75 million. The modern-style residence, designed by Getty Center architect Richard Meier, hit the market in February for the same price, but was briefly taken off the market in late March amid the growing coronavirus pandemic. Located on coveted Carbon Beach, the estate comprises two parcels with two structures and more than 100 feet of beach frontage. Broad acquired the two properties — including one owned by Madonna’s former manager, Freddy DeMann — in the late 1990s for a total of $5.65 million, records show, and commissioned the New York-based Meier to design the compound. Clad in white aluminum panels with frosted glass, the 5,374-square-foot home is a familiar cousin of sorts to Meier’s other projects, such as the Gardone Residence in Italy and the Rachofsky House in Dallas. Inside, interiors by Rose Tarlow feature a clean aesthetic with white walls, light wood floors and hi
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- American International Group (NYSE:AIG) had its price target lowered by analysts at Mizuho from $84.00 to $83.00. They now have a "neutral" rating on the stock.MarketBeat
- American International Group (NYSE:AIG) had its price target lowered by analysts at Cantor Fitzgerald from $80.00 to $77.00. They now have a "neutral" rating on the stock.MarketBeat
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