Hot Property: Donald Trump, art of the Beverly Hills deal [Los Angeles Times (CA)]
Realogy Holdings Corp. (RLGY)
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Source: Los Angeles Times
Hot Property: Donald Trump, art of the Beverly Hills deal President Trump has visited California three times since entering the White House, but he’ll have one fewer place to stay for the next trip. The Trump Organization has sold one of its last two properties in Los Angeles County, a Tudor-style home in Beverly Hills, for $13.5 million in an off-market sale. The Trump Organization bought the home for $7 million in 2007, when it was controlled by Trump. The company is now run by his two sons, Eric and Donald Trump Jr. A corporate entity tied to Indonesian billionaire Hary Tanoesoedibjo was the buyer. Tanoesoedibjo, who owns other real estate in L.A., reportedly worked on a number of deals with the Trump Organization including the ongoing development of Trump Indonesia, a lavish lifestyle and golf resort outside of Jakarta. Built in 1927, the two-story home sits across from the Beverly Hills Hotel and Will Rogers Memorial Park on North Canon Drive. It has five bedrooms and six bathroo
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