08:25 PM EDT 06/06/2008
Celeb Real Estate
Ed McMahon Explains 'Embarrassing' Money Woes
Originally posted 06/06/2008 08:30AM
Speaking publicly for the first time since news broke that he might lose his Beverly Hills home, Ed McMahon appeared on CNN's Larry King Live Thursday night, explaining, "I want to speak for the million people [in America] who now have foreclosure signs on their houses."
In an appearance that, at times, produced more questions than answers – such as why McMahon, 85, was sporting a neck brace or how, after a decades-long TV career, he could be financially squeezed – McMahon repeatedly called himself "optimistic."
"If you spend more money than you make, you know what happens," he said. "A couple of divorces thrown in, a few things like that." Added his current wife, Pam McMahon: "Because you're a celebrity, people think you have more than you have."
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Ed McMahon's Beverly Hills Home in Foreclosure
Originally posted 06/04/2008 05:15PM
Ed McMahon – familiar for decades as Johnny Carson's Tonight Show sidekick, Star Search host and pitchman for the American Family Publishers' sweepstakes – is facing a crisis currently familiar to a lot of property owners: possible foreclosure of his home.
McMahon, 85, reportedly is approximately $644,00 in arrears on his six-bedroom, five-bathroom home within an exclusive gated community in Beverly Hills called The Summit – the same enclave where Britney Spears lives.
On the market for two years, McMahon's residence carries an asking price of $5.75 million – and a $4.8 million mortgage, according to a Feb. 28 default notice filed with the Los Angeles County Recorder's Office by a unit of Countrywide Financial Corp., reports the Wall Street Journal.
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Report: Angelina & Brad Rent French Chateau
Originally posted 05/27/2008 12:20PM
Angelina Jolie and Brad Pitt have signed a long-term lease for a chateau on the French Riviera, according to reports.
The couple, who have four children and two more on the way, signed a three-year lease on the 880-acre estate called Chateau Miraval, where neighbors will include Johnny Depp and David and Victoria Beckham, according to the French newspaper Nice Matin.
The estate, reportedly valued at $70 million, comes with its own vineyard, olive groves, lake, moat, 20 fountains and even a forest to help ensure privacy.
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Avril Lavigne Cuts Price of House
Originally posted 02/07/2008 09:45AM
Avril Lavigne apparently is as affected as much as anybody by the downturn in the housing market.
After two deals fell through, reports Forbes.com, the rocker, 23, has marked down the price for her Beverly Hills mansion, to $5.8 million.
The original price tag a year ago was $6.9 million.
The home is inside a gated community at the top of Mulholland in the Hollywood Hills, with a pool and tennis court on the grounds.
– Stephen M. Silverman
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Conan O'Brien Buys $10.5 Million L.A. Home
Originally posted 01/19/2008 10:35PM
Conan O'Brien is already getting ready for his move to L.A. next year, when he's expected to take over for Jay Leno on The Tonight Show – by buying a 10.5 million home in Brentwood, Calif., the Los Angeles Times reports.
The TV host's new pad is a New England style six-bedroom home in a gated compound. The master suit includes a sitting room, balcony and two bathrooms, the paper says.
Other amenities at the 44-year-old star's new home include a screening room, expansive views, a 1,500-bottle wine room, a pool, spa, library, 10-foot ceilings and six fireplaces.
The star currently hosts Late Night with Conan O'Brien.
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Courtney Love Eyes NYC Digs
Originally posted 12/28/2007 11:50AM
Courtney Love may be looking to buy a home in the Big Apple, according to her MySpace blog.
"I think/hope we found the PERFECT PLACE," Love wrote Wednesday in an online entry rife with spelling errors.
The Hole singer is eyeing a four-story West Village home, which she says is "a great investment."
Love says two floors of the building are currently being rented by the owners, but she'd eventually like to make it into a single-family home again. "It'll cost … a lot … to return it to a house, but FBC (Love's 15-year-old daughter, Frances Bean) doesn't need to have all that space 'til she moves here at 18."
It's not clear from the blog entry if Love, who currently splits her time between L.A. and London, plans to live in the home as well.
– Nicholas White
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Ellen DeGeneres Cleans Up in House Deal
Originally posted 12/07/2007 10:15AM
The California housing slump has not hit everyone: Ellen DeGeneres has unloaded the Santa Barbara County estate she bought last year for 27 percent more than she paid for it, reports the Wall Street Journal.
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50 Cent to Host an Open House on Cribs
Originally posted 11/29/2007 01:50PM
No need to travel to Farmington, Conn., to check out 50 Cent's place. He'll gladly show you around the mammoth property, now on the market for $18.5 million, Thursday night on MTV's Cribs.
The rapper has extensively renovated the 19-bedroom property since buying it from Mike Tyson three years ago. "It kind of had a Miami Vice feel," the 32-year-old rapper tells the Associated Press. "It was like turquoise blue on the floor and purple. It was crazy looking when I got there."
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Ashley & Mary-Kate Olsen Up Price of NY Pad
Originally posted 11/28/2007 04:35PM
Nearly three years after their 12-room Greenwich Village condo in New York first hit the market – without their ever having lived in it – Ashley and Mary-Kate Olsen have … put it on the market again.
Only this time, the price tag of the nearly 6,000 square feet of luxurious living and Hudson River views has jumped some $4.7 million, to just under $12 million, after the sisters paid $7.3 million in December 2004, reports the New York Observer.
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Report: Ellen DeGeneres Closes Two Real-Estate Deals
Originally posted 11/16/2007 10:30AM
Ellen DeGeneres can dance for joy – she's just cinched two real-estate deals out West.
The talk host, 49, has a buyer for her $24 million, four-acre Montecito estate in Santa Barbara County, according to the Wall Street Journal, which also says she has purchased a furnished home in Beverly Hills.
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