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Tech tycoons go on mansion-buying binge near 'Silicon Beach'
Tech tycoons go on mansion-buying binge near 'Silicon Beach'

Maybe the attraction is Silicon Beach, the swath of Los Angeles that is home to so many tech start-ups. Or maybe it's just the beach. Either way, Northern California technology titans and wannabes increasingly are sinking money into trophy homes from the Hollywood Hills to the beach in a kind of Silicon Valley south. Making tsunami-like waves so far this year are three Westside transactions: •Billionaire venture capitalist and hedge fund manager Peter Thiel cherry-picked a house in the Hollywood Hills this spring for $11.5 million. The early Facebook Inc. investor and PayPal co-founder bought a 6,000-square-foot view house with a swimming pool on 1.25 acres. •Ted Waitt,...

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