Dick Clark

Hot Property: Wait for it

Hot Property: Wait for it

The big real estate news out of Los Angeles is that rapper-magnate Jay-Z and superstar wife Beyoncé are in escrow to buy a mansion for $90 million. Their pick of Westside neighborhoods after years of house-hunting? Bel-Air. We’ll be sure to let you know as soon as they have the keys to the newly built 30,000-square-foot home.

Southern California’s pricey real estate market continues to rack up noteworthy sales — particularly in the sought-after enclave of Malibu. Prices in the beach city are up 17% from last year, according to...

EDITION: California | U.S. & World
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