Many U.S. real estate watchers gripe about the “overpriced” current market, but there are still decent property deals to be had.
In the mid-90s, the house was briefly owned by a somewhat shadowy Mainland China-based businessman named Geoffrey Ren, who — according to records — lost the property to foreclosure in 1997. Nonetheless, in May 2013 Ren forked out a whopping $28 million in a highly leveraged off-market deal to buy back the estate, an amount that remains the most ever paid for a home in L.A.’s San Gabriel or San Fernando Valleys.
Despite the discounted amount, the transaction still ranks as one of the biggest deals ever consummated in the Pasadena/San Marino area. And the bargain-minded buyers, records reveal, are prolific Hollywood film directorand his longtime wife Ann. As one half of the Russo brothers directorial team, Russo is responsible for four of Marvel’s biggest blockbuster films, including “Avengers: Endgame,” the highest-grossing film of all time.
Dynasty, I've come to bargain.
Congrats, Anthony!
Joan Collins not Joan Crawford.
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