April 07, 2020

This week's top real estate headlines

The internet's favorite couple, John Legend and Chrissy Teigen, have significantly upgraded their residential circumstances. They recently purchased a Nolita duplex penthouse for about $8 million that just so happens to be right next door to the single-level penthouse loft that the family of four bought a little less than two years ago for more than $9 million. Meanwhile, over on the West Coast, the longtime president and CEO of Casa Systems, Jerry Guo, made a gargantuan real estate deal. The telecommunications power player recently plunked down $15 million for a knife-sharp, maximalist contemporary designed by local architect Ken Ronchetti.

In other news, music stars are holding public jam sessions in their homes, real estate services were declared essential by California, celebrities just really love New York City, and "Big Love" star Melora Walter is looking for someone to take her Hollywood Hills home off of her hands.

Click below, or visit Dirt.com for more breaking real estate stories.

John Legend and Chrissy Teigen Pick Up Penthouse Next Door

The property initially popped up for sale last September for $8.5 million, but the Legends didn't take the plunge until the price dropped down to $8 million. Their new property is an effortless mix of classic loft details with exposed brick walls and cast iron Corinthian columns, and a bevy of modern conveniences. The roughly 3,500-square-foot urban aerie is configured with two bedrooms and two full and two half bathrooms.

By Mark David • READ MORE

Casa Systems CEO Pays $15.3 Million for Striking La Jolla Mansion

Guo's new home isn’t for the stylistically faint of heart, boasting bold lines, soaring walls of glass and a uniquely triangular infinity pool. From inside, the entire 8,600 sq. ft. mansion appears magically suspended over the Pacific Ocean far below. READ MORE

Real Estate Is Now an Essential Service in California. Now What?

The California Association of Realtors recently announced that residential and commercial real estate were now officially essential services, much to the delight of realtors across the state. That privilege, however, comes with a hefty list of best practices guidelines. READ MORE

‘PEN15’s’ Melora Walters Seeks Hollywood Hills Sale

A mid-century ranch house nipped away at the end of a quiet cul-de-sac in a secluded Hollywood Hills neighborhood, owned by "Big Love" actress and budding film director Melora Walters, has come available at a wisp less than $1.7 million. READ MORE

Six Celebrities With New York City Townhouses

There’s only one place in the world that may harbor more celebrities than Los Angeles. For decades, the bright lights and narrow streets of the Big Apple have attracted a crowd looking for better bagels than the sunny skies of Los Angeles can offer. READ MORE

Living Room Concerts Are an Unexpected Treat While Sheltering in Place

One of the few and unexpected positives to derive from the coronavirus pandemic, other than clear waters in Venice, Italy, and seeing L.A.’s smog dissipate, is watching musicians perform out of their living rooms for everyone sheltering at home. READ MORE

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