He’ll Be Back
Arnold Schwarzenegger has purchased a newly built home in a guard-gated Brentwood community for close to its $11.9-million asking price, but the quarters are only temporary.
The actor and his wife, NBC-TV reporter Maria Shriver, plan to move with their four children to the home from their longtime Pacific Palisades compound, which will undergo a major rehabilitation, according to sources not involved in the transaction.
Unable to find an acceptable home to lease during the remodeling, the couple chose to buy. They had been considering properties with leases as high as $70,000 a month, Westside Realtors said.
Their interim Brentwood home, described as Argentinian Mission Spanish in style, has five bedrooms and 11 bathrooms in 11,000 square feet. It’s on a six-acre knoll and has ocean views.
Their Palisades compound includes four adjacent 5,000- to 6,000-square-foot houses on about 5.5 acres. They bought their first house in 1986, the year they were married; their second house in 1993 from actor John Forsythe; and their third house in 1995 from “Hill Street Blues” star Daniel J. Travanti. In February 2001, they bought their fourth home from Jay Lustig, part owner of the Pittsburgh Pirates.
All of the houses in the compound were built in the early ‘80s. One is being used for offices and a guest suite. The other houses have a total of least 16 bedrooms. One house has a tennis court.
Schwarzenegger had a leading role in the movie “Collateral Damage,” released in April, and he stars in “Terminator 3: The Rise of the Machines,” due out in 2003. The actor, 54, reportedly will receive a salary of $30 million for “Terminator 3.”
Shriver is a contributing anchor to “Dateline NBC.” She has written a number of books, including “Ten Things I Wish I Had Known Before I Went Out Into the Real World.” Shriver, 46, is a member of the Kennedy family.
An active Republican, Schwarzenegger opted out of this year’s race for California governor but indicated that he was merely postponing a plunge into politics until “some other time.” In the meantime, he is backing a November ballot measure to provide financing for after-school programs.
The couple’s temporary home was listed by Rick Hilton, Mauricio Umansky and Christy Hilton of Hilton & Hyland, Beverly Hills, and Rodrigo Iglesias of Coldwell Banker, Brentwood, sources said.
Danny Bonaduce, one of the four hosts of “The Other Half” TV show, and his wife, Gretchen, have purchased a Westside home for $2 million, and they have listed their former Hollywood Hills home at just under $1.6 million.
Their new Mediterranean-style home was built in 1928 and has six bedrooms plus a guest house in 4,500 square feet. The home also has a pool and gardens.
Their former home was newly built when they bought it in March 1999. It has five bedrooms in about 5,600 square feet and sits on a knoll with city-to-ocean views. The four-level house also has an open floor plan with soaring ceilings, an elevator, a media room, four fireplaces and a master suite with a sitting room and his-and-hers closets.
The Bonaduces’ new home is said to be more child-friendly with a bigger yard. The couple have two children.
Danny Bonaduce, also a co-host of the morning radio show “Jamie & Danny” on KYSR-FM (98.7), scored over former “Brady Bunch” star Barry Williams in two rounds on Fox’s “Celebrity Boxing,” which aired in March. Now 42, Bonaduce was a child star on the ABC-TV series “The Partridge Family.”
The other hosts of “The Other Half,” airing weekdays at noon on KNBC-TV Channel 4 in L.A., are TV icon Dick Clark, Mario Lopez and Dorian Gregory.
Neal Baddin of Coldwell Banker, Sunset Strip, has the listing.
Jon Peters, the producer who was once co-chairman of Columbia Pictures, has sold his Beverly Hills area home for close to its $10.9-million asking price.
The buyer is concert promoter Irv Zuckerman. He was Clear Channel Entertainment music division chief executive until mid-April when it was announced that he and co-chief executive Rodney Eckerman would be “vacating their positions” and possibly be “transitioned to new posts.”
Peters, a producer of such movies as “Ali” (2001), “Wild Wild West” (1999) and “Batman” (1989), has owned the home since it was built in 1987. He has moved to a Beverly Hills-area home built in 1928 for legendary filmmaker King Vidor by architect Wallace Neff. Peters bought the five-bedroom, 8,000-square-foot home, on five acres, in 1996 and has been refurbishing and expanding it ever since.
The three-story house he sold has seven bedrooms and 7.5 bathrooms in about 12,000 square feet. The Georgian-style house is on about five acres with koi ponds, pathways, a tennis court, a pool, a spa, stables and city views.
John Woodward of Coldwell Banker, Beverly Hills North, and Mary and Andrew Woodward, both of Coldwell Banker in Hancock Park, represented Zuckerman, sources said, and Joe Babajian and Kyle Grasso of Prudential California Estates, Beverly Hills, had the listing.
L.A. City Attorney Rocky Delgadillo, almost a year into his first job as an elected official, and his wife, Michelle, have purchased a Hancock Park-area home from Casey Cole Ray, one of singer Nat King Cole’s five children and a younger sister of singer Natalie Cole.
The attorney, 41, and his wife bought the home for less than $1 million.
Ray plans to move to the East Coast to be closer to her twin sister, Timolin Cole. They are partners in a public relations firm that includes such clients as King Cole Productions, a family run firm that handles Nat King Cole business.
The house, which Ray had owned since 1992, was built in 1919 and has five bedrooms in slightly more than 3,000 square feet. The Southern Colonial-style house also has a library, an office/playroom and a large backyard.
Susan Chadney, associate manager and estates director of Prudential California Realty--a John Aaroe Division in Hancock Park, represented the Delgadillos, and Rick Dergen, a ReMax regional manager, had the listing.
Diego Serrano, who has appeared on “The Young and the Restless” and “Another World,” has purchased a three-bedroom, 3,800-square-foot home in the Hollywood Hills for $545,000, according to public records.
The walled and gated Mediterranean-style home was built in 1923 and has a breakfast room and a guest quarters with a separate entrance.
Jory Burton of DBL, Beverly Hills, had the listing, and Dawn Ross of Coldwell Banker, Beverly Hills, represented Serrano.
A New York development team has reached out to Southland Realtors to help sell condominiums priced from $1.5 million to $26 million.
The 191 condos, at One Central Park, are being built from the 52nd to 80th floors of two new towers overlooking the park, the Hudson River and the Manhattan skyline. Lower floors will house the headquarters of AOL Time Warner Inc. as well as restaurants, shops and two auditoriums of the Jazz Performing Arts Center for Lincoln Center. AOL Time Warner, the Related Companies and the Apollo Real Estate Group are developing the towers, to be completed in 2003.
“When I moved here 23 years ago, I found that there was a significant number of people in L.A. who have apartments in New York,” said Linda May, who represents the project with Joyce Rey at Coldwell Banker, Beverly Hills. Now there are considerably more bicoastal people in entertainment and financial services, May said.
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