Billboard Highris bought the Los Angeles Mansion for 24 million – variety

It’s too early to confirm, but L.A. Its ultra-high-end property market could carefully emerge from its coronavirus-induced cocoon. David Jeffen recently lost ever 65 million to the Beverly Hills estate, Elon Musk sold his 29 29 million Bell Air home to a Chinese millionaire, rapper Travis Scott Brentwood and Sigram’s heiress Ellen Bronfman and her husband Andrew Haupman. Millions of dollars for extensive Malibu compounds.

Hillary Thomas, a resident of the Pacific Polysides, recently went hunting for a residential upgrade, with every designer looking for a brand new estate with an amenity and a Pacific Ocean view. Despite the ongoing epidemic, records reveal that he received only a slight discount on the property. Originally listed earlier this year with a ্যাগ 26 million price tag – the most expensive list on the policy at the time – the house was moved to 24 million.

Despite the high numbers in the sky, the buyer can easily afford this deluxe estate. Thomas is the only daughter of New York billboard tycoon Richard Shaps, the founder of Van Wagner Communications. Now in its 70s, Scaps bootstraps Van Wagner from another small advertising store in the world’s largest privately owned billboard / outdoor advertising agency, equipping millions of annual revenue and lucrative advertising space in NYC’s Times Square.

In 2014, CBS bought Van Wagner’s outdoor assets – now known as Outfront Media – total. At 90 690 million, the cash deal is the biggest exit ever for an outdoor advertising agency. This acquisition made the Scapes family unimaginably rich; Today, Scapes and his wife have landmark residences in Manhattan and Palm Beach.

As valuable as it is, Thomas is also the first cousin of businessman Spencer Rascoff, co-founder of Zylo and longtime former CEO. And she is married to Brett Thomas, who manages VC firm CAU Venture Partners, a VC firm dedicated to investing in the first-tier consumer goods business (CAVU, perhaps surprisingly, heavily used billboard advertising to promote their various brands).

On one of the best streets in the city, the great Thomas Villa is equipped with manicured hedges and a huge driveway behind the gate and protected by a sophisticated security system with additional cameras. The triple-level home was designed by husband and wife David and Eliana Rockach, boasts more than 13,500 square feet of living space with nine bedrooms and 12 baths, and additionally includes a 10-car “auto gallery” for an automobile – the owner of the collection.

The wide plank hardwood floors blend well with the soft neutral tones of the house and the main level public spaces are open to each other – the living, family and dining rooms flow together seamlessly, while the glass walls flood the rooms from the roof to the living room. The grassland courtyard is open with an electric steel door at the touch of a button, there is a BBQ area, Alfresco dining and an endless edge swimming pool. The architectural digest-worthy kitchen, as part of it, is furnished with a visually pleasing blue-gray marble and provides designer equipment, a snack bar and separate butler pantry.

Almost every room on the main and upper floors of the house opens onto various balconies and terraces with spectacular views. Upstairs, the master suite includes dual bathrooms decorated with a rare quartzite stone, while the bedroom has double-folded steel doors that open to a private setting. The ground floor, meanwhile, packs a wellness center with a gym, a huge media room, sauna and an elevator. And from the backyard, there is an epic spectacle that rises above the wooden Santa Monica Canyon and to the summit of the deep blue sea, a mass within the horizon of Catalina Island.

Not new to Thomas Palisades – back in 2018 he paid about 14 14 million for a Cape Cod style mansion sitting on one of the best streets in the fashionable Riviera neighborhood. This “starter” house, with its striking all-white interior, was set to open this week at a price of. 14.995 million.

Steven Schaefer and Jay Luchs of Newmark Residential handled both sides of the transaction.