This aint no Quibi-sized deal.
Jeffrey Katzenberg, the chairman of the short-form video content site and former boss of Dreamworks Animation, has sold his Beverly Hills mansion for $125 million, in one of the priciest-ever residential transactions in Los Angeles.
Katzenberg and his wife Marilyn “had been looking to downsize for some time, and received an offer they couldn’t refuse,” a spokesperson for the executive told the Wall Street Journal, which broke the story. “They will stay in the house for another six months, and plan to remain in the immediate neighborhood.”
The property spans 26,000 square feet and was built by architect Howard Backen, according to the Journal.
The publication reported that the buyer is a U.K. family. Westside Estate Agency’s Kurt Rappaport brokered the transaction. [WSJ] – TRD Staff