“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. “

Peter Morton Set to Sell Malibu Spread at Record Price (EXCLUSIVE)
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 sprea…
More info @ http://variety.com/2018/dirt/real-estalker/peter-morton-malibu-estate-record-price-1202753064/
“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. ” Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
April 13, 2018 at 07:31PM