Friday, September 5, 2008

No One Covers the Travails of the Wealthy Like The NYT, Part Cinq?

The New York Times has done it again.

In "Downsizing in Los Angeles: Mansion to $47 Million Condo," The Times writes about Candy Spelling who has paid $47 million to purchase a condominium on two penthouse floors in a Robert A.M. Stern-designed building, The Century.

Spelling plans to move from her home, known as The Manor, "a 56,500-square-foot French chateau-style home known for its size and extravagance — it includes a wine-tasting room, a bowling alley, a silver room, a china room and a well-known gift-wrapping room."

The reason for the move: she's at a point in her life when she wants to downsize, and is shrinking the size of her staff from 20 to less than half, according to the Times.

This all to highlight a trend that Los Angeles is building more high rises to avoid urban sprawl.


And check out "Billionaires’ Yacht Rivalry Spills Into Courtroom: A $10 Million Vessel May Be Ruled Out of Race for Cup."

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