Word is starting to make its way down the ultra-high-end real estate gossip grapevine that Hard Rock Café co-founder Peter Morton reached an agreement to sell his spectacular oceanfront front spread on Malibu’s Carbon Beach to an unknown buyer for a mind melting and record shattering $110 million. So the story goes, Morton was not looking to sell the two-parcel property but the unsolicited offer, brought by powerhouse broker Stephen Shapiro at Westside Estate Agency according to a well-connected snitch, proved simply too good to turn down. Morton, who sold the Hard Rock Café chain in 1995 for $410 million and the famously raucous Hard Rock Hotel & Casino in Las Vegas in 2006 in an all cash deal reported to net him more than $730 million, has owned the smaller of the two parcels since sometime before 1993 and records indicate he acquired the larger lot in 1998 for $3.5 million.
Secured behind gates and discreetly...
Secured behind gates and discreetly...
- 4/13/2018
- by Mark David
- Variety Film + TV
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