Talk about your gold medal affairs. Entertainment mogul David Geffen was on his way to buy the Beverly Hills home of the Los Angeles Olympic Committee’s president, Casey Wasserman, according to real estate sources who were not authorized to comment on the deal.
No sale price is known, but the property was last publicly listed for $ 82.5 million with Stephen Shapiro from Westside Estate Agency. Shapiro declined to comment when contacted by telephone on Friday.
Perched on a prime location above Sunset Boulevard, this modern mansion stands on an area of 3.25 hectares and fertile landscaping. A striking mix of stone, glass and white oak, designed by award-winning architect Pritzker, Richard Meier, whose other well-known works include the Getty Center and the Barcelona Museum of Contemporary Art.
Living space like a gallery covered with automatic steel doors fills this three-story house. There is a large indoor and outdoor space, an open concept dining room, a cinema, a gym, an art studio and a neat chef’s kitchen with a large island in the middle.
The museum-like interior, 18,543 square feet also houses six bedrooms and 14 bathrooms, including the main bedroom with a private deck. Two stairs and an elevator navigate the floor. Outside, an entertainment deck borders an 85 foot infinity pool. A pool house with sliding glass walls complements the property like a garden.
Geffen, who was last seen driving a pandemic on his $ 590 million super yacht, No strangers to large real estate transactions. Earlier this year, music and film executives made headlines when he sold his Beverly Hills home to Amazon founder Jeff Bezos for $ 165 million.
The massive deal, which set records for Los Angeles County and the state, was preceded by the purchase of Geffen worth $ 30 million a year ago from an undeveloped hectare on a stretch of Beverly Hills known as “Billionaires Row.” Two years earlier, the billionaire had sold his yard at Carbon Beach for $ 85 million, which was Malibu’s record at the time.
The 77-year-old Geffen is known for founding music labels Asylum Records, Geffen Records and DGC Records, now Interscope Geffen A&M Records. In 1990, he co-founded DreamWorks Pictures with Steven Spielberg and Jeffrey Katzenberg.
Wasserman founded his eponymous marketing and talent management company in 1998. His entertainment efforts included ownership of the Los Angeles Avengers, part of the Arena Football League, which was folded in 2009.
After pioneering the L.A. offer for the 2028 Olympics, Wasserman now serves as president of the Los Angeles Olympic Committee.
