LA roundup: Oracle shells out in Santa Monica, Twinkies heir said to bid on $135M estate … & more

From the December issue: The cloud computing firm Oracle, founded by Larry Ellison, is in contract to pay Invesco $368 million, or $1,165 per square foot, for an office building in Santa Monica, The Real Deal has learned. Twinkies heir Evan Metropoulos, brother of Playboy mansion owner Daren Metropoulos, is said to have made a lowball offer for a Trousdale Estates compound owned by controversial Lebanese-Nigerian business mogul Gilbert Chagoury, according to a source with knowledge of the dealings. Some cities pay developers through incentives to come build. But in Beverly Hills, where the streets are paved in Tiffany’s gold, a developer is shelling out megabucks to the city. [more]