Universal Music chief Lucian Grainge springs for a modern spot in La Quinta
Universal Music Group Chairman and Chief Executive Lucian Grainge has paid $6.3 million for a modern home in Madison Club, a private golf course community in La Quinta, records show.
Designed and built in 2016 by architect Michael Kovac, the single-story home has four wings that surround an interior courtyard. Inside, white walls and sparse decor bring a sense of spaciousness to the interior, which features a mix of natural elements and handcrafted finishes.
Within about 6,025 square feet of interior space are a living room with a fireplace, a formal dining room and a center-island kitchen. A media room has a wet bar and other built-ins.
A total of six bedrooms and seven bathrooms includes a guest suite.
Outside, a large covered patio with a fireplace creates space for al fresco dining and entertaining. An oversize spa, fire pits and an infinity-edge swimming pool fill out the landscaped grounds.
Grainge, 58, was elevated to his position as chief executive at Universal Music nearly a decade ago after heading up the group’s international operation for five years.
As chief, he led the $1.9-billion acquisition of EMI’s record music business in 2011. He also oversaw a major partnership with Jay Z’s Roc Nation and the sale of its stake in Beats to Apple.
The property came up for sale two years ago and was most recently listed for $6.85 million, records show.
Glenn Cassell of Hideaway Properties Corp. represented both the buyer and seller in the deal, according to the Multiple Listing Service.
neal.leitereg@latimes.com | Twitter: @LATHotProperty
