Villa Ruchello News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Welcome back to the Real Estate newsletter. Let’s get right into it. To avoid sounding like a broken record, I’ll use a phrase other than “red hot” to describe Southern California’s wild housing market: a feeding frenzy. Those were the words one agent used in an attempted to describe to housing reporter Andrew Khouri a market that had seen the region’s median home price soar for the eighth straight month, shooting up 14.5% year-over-year to a record $630,000. Per usual, a few celebrities got in on the action, and the last few weeks saw two of the three largest home sales so far th...

Vice Media's Shane Smith Selling Legendary Santa Monica Estate for $50M Vice Media's Shane Smith Selling Legendary Santa Monica Estate for $50M Shane Smith, executive chairman of Vice Media, has put his Santa Monica estate on the market for $50 million-making it the priciest property in the area. Lisa Johnson Mandell, provided by Feb. 16, 2021 FacebookTwitterEmail The executive chairman of Vice Media, Shane Smith, has put his storied Santa Monica estate on the market for $50 million—making it the priciest property in the area. That is fitting, because the estate, known as Villa Ruchello, ...

Print Welcome to the Real Estate newsletter, which marks an exciting new period for The Times’ coverage of Southern California’s larger-than-life real estate market. The newsroom is beefing up its commitment to all things real estate by bringing the work of housing market reporter Andrew Khouri, commercial real estate reporter Roger Vincent and luxury real estate reporter Jack Flemming under one umbrella. Their work will live on the brand-new Real Estate page and be condensed into this weekly newsletter. While we bid a fond farewell to Hot Property legend Lauren Beale, you, dear reader, a...

Smith, who paid $23 million for the home in 2015, said he bought it without ever setting foot inside.

Shane Smith, the flashy media mogul who co-founded Vice Media and currently serves as its executive chairman, is eyeing a massive sum for his prized compound just outside Santa Monica: $50 million. The property is not only the most expensive property currently on the market in Pacific Palisades, it’s also one of the biggest. The spread spans 3.35 acres and centers on a 1930s Mediterranean-style mansion surrounded by lawns, gardens and citrus groves. For the record: 8:13 PM, Feb. 03, 2021An earlier version of this story said the estate is in Santa Monica. Known as Villa Ruchello, the estate...