Waitt has been in buy-and-sell mode as of late. In July, he paid $10.3 million for a Gerard Colcord-designed home in Beverly Hills that he intends to raze and develop, according to sources with knowledge of the sale.
In September, Waitt put a home in the Bird Streets area of Hollywood Hills West up for sale at $20 million. The 6,200-square-foot home with floor-to-ceiling glass walls and an infinity-edged pool, is currently listed for $17.9 million.
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