The media mogul bought the 6,600-square-foot unit in 2023 for $75M, and has clinched a healthy profit in an off-market deal. He also owns a smaller unit in the building
The luxury real estate sector faced its ups and downs as the market entered a period of significant transition, but that didn't prevent luxury clients from making some stellar deals
Billionaire media mogul Byron Allen has purchased a Malibu estate for $100M, making the deal the most an African American buyer has ever paid for a home in the US