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Lachlan Murdoch Pays $30M For Sydney Boat House


Lachlan Murdoch and the home on Sydney Harbor (Getty, Private Property Global)
Lachlan Murdoch, the son of billionaire media mogul Rupert Murdoch, has purchased a small home on Sydney Harbor for around $29.8 million.
The Piper Point property’s value is largely because it has 131 feet of frontage on unusually deep water, according to the Los Angeles Times. That means it can accommodate large yachts.
The property has two docks and four moorings for that purpose, making it one of the area’s largest privately owned marina facilities attached to a home, according to Forbes Global Properties.
For that, it appears Murdoch paid the full asking price for the roughly half-acre property. ....

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Lachlan Murdoch drops $29.8 million on an Australian boat shed


Lachlan Murdoch drops $29.8 million on an Australian boat shed
Jack Flemming
© (Private Property Global)
The half-acre property includes two boat docks, four moorings and a swimming pool on 131 feet of waterfront on Point Piper, a Sydney suburb known for its deep water. (Private Property Global)
Media heir Lachlan Murdoch just made a huge splash Down Under, buying a boat shed on the coast of Australia for about $29.8 million ($38 million in Australian dollars).
The mammoth sale was first reported by the Sydney Morning Herald and confirmed to The Times by a person close to the deal.
Murdoch a son of billionaire Rupert Murdoch who serves as co-chairman of News Corp. and executive chairman of the Fox Corp. is no stranger to huge real estate transactions. In 2019, he paid $150 million for the “Beverly Hillbillies” mansion in Bel-Air, which ranks as the second-priciest home sale in California history. ....

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BizHawk: Plans for Gas Station at Coffee Shop Site in Western Goleta Generates Buzz


BizHawk: Plans for Gas Station at Coffee Shop Site in Western Goleta Generates Buzz
Autumn Shelton to lead CARP Growers; Christine Bjelland joins Patterson Self-Storage; real estate agents team up; actor Rob Lowe s former estate sells
Developer John Price plans to open a gas station in western Goleta at the site of a car wash and near the former Zizzo’s drive-thru coffee shop. (Joshua Molina / Noozhawk photo)
By Joshua Molina, Noozhawk Staff Writer | @JECMolina
April 22, 2021
| 10:24 p.m.
BizHawk is published weekly, and includes items of interest to the business community. Share your business news, including employee announcements and personnel moves, by emailing [email protected]. ....

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