Laguna Beach Home on the Ocean Sells for $70 Million to Hedge-Fund Manager Joseph Edelman

The California deal sets a record for Orange County home sales

11/27/2021 3:15:00 PM

New York hedge-fund manager Joseph Edelman buys Laguna Beach home for $70 million, setting a record

The California deal sets a record for Orange County home sales

Nov. 26, 2021 4:04 pm ETA New York hedge-fund manager has paid $70 million for an oceanfront mansion in Laguna Beach, Calif., in what agents said is a sales record for California’s Orange County.Records show the buyers were Joseph Edelman, founder and CEO of the New York-based biotech hedge fund

, and his wife, Susan Lebovitz-Edelman. The property last traded hands for $32.7 million in 2018, according to records.

Read more: The Wall Street Journal »

Jabeur rallies past Bouzkova to reach maiden major semi-final

Tunisian third seed Ons Jabeur, the highest surviving seed in the women's draw, recovered from losing her first set at this year's Wimbledon to beat Czech Marie Bouzkova 3-6 6-1 6-1 on Tuesday and reach her maiden Grand Slam semi-final. Read more >>