Colony Capital CEO looks for $22M return on Santa Monica pad

Los Angeles /
Aug.August 09, 2016 10:00 AM

Donald Trump’s newest economic advisor sure knows how to shoot for the stars when it comes to return on his own investments.

Thomas Barrack Jr., the CEO of Colony Capital and an appointee to Trump’s economics policy team, has listed his sprawling, neoclassical mansion in Santa Monica for $46.5 million — nearly twice the $24.5 million he paid just two years ago.

Sitting on 1.4 acres of manicured land and overlooking the Riviera Country Club, the 23,515-square-foot mansion has seven bedrooms and 13 bathrooms. It features a double height foyer, a formal dining room that seats two dozen guests, a library and a chef’s kitchen. The master bedroom spans 2,500 square feet, the size of an average American home, Variety said.

Other features include a mirrored gym, a spa, a wine cellar, a screening room and an indoor basketball court. Outside there is a swimming pool, a fire pit and a “citrus grove walkway.”

Barrack made a name for himself as a gutsy investor, famously saving Michael Jackson’s Neverland Ranch from foreclosure in 2008 by purchasing the note on the property. [Variety]Cathaleen Chen


Related Articles

arrow_forward_ios
Colorado Campus at 2041-2115 Colorado Avenue and Northwestern Mutual CEO John E. Schlifske

Northwestern Mutual picks up Santa Monica office campus for $166M

Northwestern Mutual picks up Santa Monica office campus for $166M
Macerich CEO Thomas O’Hern and Santa Monica Place mall

Here’s what tenants are paying at Macerich’s Santa Monica Place

Here’s what tenants are paying at Macerich’s Santa Monica Place
CEO of Amazon Web Services Andy Jassy

A top Amazon exec buys in Santa Monica

A top Amazon exec buys in Santa Monica
Colony’s Tom Barrack,, One California Plaza, and Rising CEO Christopher Rising (Credit: TM/Bauer-Griffin/GC Images via Getty Images, Tiffany Rose/Getty Images)

Here’s what tenants pay at Colony Capital & Rising Realty’s One California Plaza

Here’s what tenants pay at Colony Capital & Rising Realty’s One California Plaza
WS Communities CEO Scott Walter and VP of Finance Gregory Proniloff, Madison Realty Capital’s Josh Zegen, 1433 Euclid Street in Santa Monica; and rendering of mixed-use project at 3030 Nebraska Avenue in Santa Monica (Credit: Google Maps and Madison Realty Capital)

WS Communities nabs $150M loan for six renovations and a development site

WS Communities nabs $150M loan for six renovations and a development site
6156 Ramirez Canyon Road and 20 37th Place (Credit: Redfin)

This way to the beach: Homes next to ocean topped priciest sales

This way to the beach: Homes next to ocean topped priciest sales
Shops were looted in Santa Monica (Credit: Mario Tama/Getty Images)

Looters cleared out retailers while police clashed with protesters in Santa Monica and Long Beach

Looters cleared out retailers while police clashed with protesters in Santa Monica and Long Beach
Related California CEO William Witte and the project site (Credit: Google Maps)

Related California eyes latest project in Downtown Santa Monica

Related California eyes latest project in Downtown Santa Monica
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...