Wednesday, June 13, 2018

Thank You, Federal Reserve: Los Angeles Mansion For Sale For $135 Million

It would have never happened without the big Fed money pump.

The developer who sold a Los Angeles spec home to Detroit Pistons owner Tom Gores for $100 million in 2016 is listing another property for $135 million. If it sells for that amount, the transaction would represent the highest price ever paid for a Los Angeles home, reports The Wall Street Journal.

The seller is developer Gala Asher. Asher bought the property for $22 million in 2016.

The house includes a whiskey lounge.


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