The newest resident of chic Malibu Colony is Catherina Gores, daughter of billionaire investors and Detroit Pistons owner Tom Gores.
The younger Gores just shelled out $17 million for an oceanfront home in the exclusive neighborhood, according to Dirt. She also recently put her Pacific Palisades home on the market with a $7.5 million price tag.
The seller was George Shapiro, an executive producer on “Seinfeld” and the late Andy Kaufman’s former manager. Shapiro hired designer Michael S. Smith — best known for decorating Barack Obama’s White House — to handle the interiors of the home.
Gores’ new home was built in 1992 and totals about 5,000 square feet. It has four bedrooms and seven bathrooms. The exteriors are clapboard and fairly plain for the neighborhood, which has plenty of architectural homes.
There is a large kitchen and an attached living room leading out to the patio.
Both upper floors have balconies overlooking the Pacific Ocean. A brick patio just outside on the ground floor leads to a wooden deck with lounge space and stairs leading directly to the beach.
The front of the roughly 7,000-square-foot lot has a small driveway and a two-car garage.
Gores and her sister Amanda Gores founded a nonprofit group called EpiPals in 2011 to raise money and distribute EpiPens for those who can’t afford them.
The Gores family has long been based in Los Angeles. Tom Gores’ private equity firm Platinum Equity is based in Beverly Hills.
In 2019, Platinum bought a development site in the Arts District from Continuum Partners for $28.9 million.
The following year he bought back a home that he traded to Asher as part that deal.
[Dirt] — Dennis Lynch