Bankruptcy

Hearst Mansion For Sale

By mcbride

The former Hearst mansion is up for sale.  Asking price: 95 million which may sound like alot, until you hear it was on the market for 165 million a mere 3 years ago!  “Called Beverly House, the 1920s mansion has had fairy tale moments. John and Jacqueline Kennedy honeymooned there. But it was also used to film scenes from the movie “The Godfather,” including the one in which a horse’s head was found in a bed.”  The house now sports 50,000 sqare feet on 3.7 acres in Beverly Hills. Its current owner, Leonard Ross, filed for chapter 11 recently.  Here is a link: http://www.latimes.com/news/la-fi-0921-hearst-davies-m,0,7939003.story

Michael

Full post as published by Texas Lawyer Blog on September 22, 2010 (boomark / email).