Platinum Equity CEO Tom Gores buys Holmby Hills spec home in $100M deal

Tom Gores traded two Bel Air land parcels in complex transaction

TRD LOS ANGELES /
Oct.October 24, 2016 08:30 AM

Detroit Pistons owner Tom Gores, the CEO of Platinum Equity, has taken ownership of a Holmby Hills spec house built on the grounds of Barbra Streisand’s former “Mon Rêve” estate in a $100 million deal.

The complex transaction saw him swap several of his own properties for the home, including two undeveloped lots in Bel Air totaling 3.2 acres, the L.A. Times reported. The lots were most recently listed for $47.9 million.

Gores’ new digs were first put on the market in April, asking $150 million. The 2.2-acre spread contains a 38,000-square-foot main mansion with 10 bedrooms and 20 bathrooms as well as several guest houses. The master suite alone sprawls across 5,300 square feet — twice the size of the average American home.

The compound also features a theater room, a wine room, a lounge and a spa with an indoor water wall that flows into a pool. There’s also a hair salon, massage rooms, a lighted private hiking trail and two additional pools outside.

The spec home was developed by Gala Asher, of Dream Projects L.A., who purchased the lot two years ago for $13.25 million.

Nearby, the Spelling mansion, on the heels of a major renovation, was recently listed for $200 million by British heiress Petra Ecclestone. [LAT]Cathaleen Chen


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