Congress has cut federal funding for public media — a $3.4 million loss for LAist. We count on readers like you to protect our nonprofit newsroom. Become a monthly member and sustain local journalism.
This is an archival story that predates current editorial management.
This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.
Are Beyoncé And Jay Z Finally Settling Down In L.A. On This $120 Million Pile Of Dirt?
Mazel tov to the young couple! Beyoncé and Jay Z have put down an offer on what may become their first Los Angeles home (even if this is the third time in as many years they've made an offer).
According to The Real Deal, the Carters have offered $120 million for an eight-bed, 11-bath property in Bel Air's East Gate community. Realtor.com adds that the home sits on two acres, has four pools, a basketball court, recording studio, 15-car garage, and staff quarters.
"This is the best of the best when it comes to new, modern estates," Josh Altman of Bravo's Million Dollar Listings Los Angeles said of the 30,000-square foot estate at 454 Cuesta Way.
“It’s got beautiful scale, beautiful volume,” Jeff Hyland, of Hilton & Hyland, who listed the property, told The Real Deal. He adds that the home's price reflects the strength of L.A.'s luxury home market, citing Daren Metropoulos' recent $100 million purchase of the Playboy Mansion (the first nine-digit real estate buy in the city's history), followed quickly by Tom Gores' nine-digit purchase on Carolwood Drive. “From now on, every time there’s a major high-end sale, it will break the existing record. The bar keeps getting raised," Hyland continued.
Support for LAist comes from
Jay Z and Beyoncé moved to Los Angeles in 2014, reportedly because Gwyneth Paltrow convinced Jay and Beyoncé of sending their daughter, Blue Ivy, to a certain $19,000-a-year private school. The family has been renting a $135,000-a-month, seven-bedroom, eight-and-a-half bath estate in Holmby Hills ever since.
Might the third time be a charm for the Carters? As Hyland speculates, “I think at some point, Beyoncé turned to Jay Z and said, ‘Shawn Carter, let’s just do this. Let’s settle down.’”
As Editor-in-Chief of our newsroom, I’m extremely proud of the work our top-notch journalists are doing here at LAist. We’re doing more hard-hitting watchdog journalism than ever before — powerful reporting on the economy, elections, climate and the homelessness crisis that is making a difference in your lives. At the same time, it’s never been more difficult to maintain a paywall-free, independent news source that informs, inspires, and engages everyone.
Simply put, we cannot do this essential work without your help. Federal funding for public media has been clawed back by Congress and that means LAist has lost $3.4 million in federal funding over the next two years. So we’re asking for your help. LAist has been there for you and we’re asking you to be here for us.
We rely on donations from readers like you to stay independent, which keeps our nonprofit newsroom strong and accountable to you.
No matter where you stand on the political spectrum, press freedom is at the core of keeping our nation free and fair. And as the landscape of free press changes, LAist will remain a voice you know and trust, but the amount of reader support we receive will help determine how strong of a newsroom we are going forward to cover the important news from our community.
Please take action today to support your trusted source for local news with a donation that makes sense for your budget.
Thank you for your generous support and believing in independent news.
Chip in now to fund your local journalism
(
LAist
)
Trending on LAist
-
With less to prove than LA, the city is becoming a center of impressive culinary creativity. -
Nearly 470 sections of guardrailing were stolen in the last fiscal year in L.A. and Ventura counties.
-
Monarch butterflies are on a path to extinction, but there is a way to support them — and maybe see them in your own yard — by planting milkweed.
-
With California voters facing a decision on redistricting this November, Surf City is poised to join the brewing battle over Congressional voting districts.
-
The drug dealer, the last of five defendants to plead guilty to federal charges linked to the 'Friends' actor’s death, will face a maximum sentence of 65 years in prison.
-
The weather’s been a little different lately, with humidity, isolated rain and wind gusts throughout much of Southern California. What’s causing the late-summer bout of gray?
Best of LAist