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Aaron Spelling’s ‘Manor’ available for $150 million

Sat., March 28, 2009

The widow of producer Aaron Spelling is placing “The Manor” in the exclusive Holmby Hills neighborhood on the market for a jaw-dropping $150 million, making it by far the most expensive home for sale in the U.S.

The French chateau-style mansion has 56,500 square feet of space on more than 4.6 acres and is the largest home in Los Angeles County. Among the neighbors are the Los Angeles Country Club and, not too far away, the Playboy Mansion.

Candy Spelling’s late husband produced hit shows such as “Charlie’s Angels,” “Dynasty” and “Beverly Hills 90210.” He died in 2006.

The three-story mansion, built in 1991, is gated and features a winding driveway that leads up to the three-story house, which includes ceilings that reach up to 30 feet high, said Sally Forster Jones, an agent with Coldwell Banker Previews International in Los Angeles, which is co-listing the property

While some published reports put the tally of rooms in the mansion at well past 100, Jones couldn’t provide an exact count.

The Spellings found no shortage of uses for the many rooms in the mansion, however.

There’s a bowling alley, wine cellar, wine tasting room, gift-wrapping room, a humidity-controlled silver storage room, China room, library, gym and media room, among many others. Lavish features also can be found outside the house, including a tennis court, fountains, a waterfall, a pool and spa, a reflection pool and a pool house with a kitchen, and 16 carports.


Consumer spending rises for second month

After a half year of declines, consumer spending edged up for a second month in February even though incomes sagged under the weight of further job losses. The spending increases were seen as a hopeful sign that this key sector of the economy is staging a modest rebound that could help pull the country out of the recession.

Consumer spending rose by 0.2 percent last month after an even bigger 1 percent jump in January, which was the largest one-month gain in 3 1/2 years, the Commerce Department reported Friday. Those gains followed a record six straight monthly declines as consumers tightened their belts in the face of a deepening recession.

Las Vegas

MGM Mirage helps make CityCenter equity payment

MGM Mirage Inc. threw its $8.7 billion CityCenter casino project in Las Vegas a lifeline Friday, agreeing to make a $200 million equity payment that includes the portion owed by its partner, Dubai World.

The casino giant, which is majority-owned by billionaire Kirk Kerkorian, was allowed to cover Dubai World’s obligation under a waiver granted Friday by the project’s senior lenders.

The payment buys MGM Mirage time to work through a funding crisis amid a slowdown in gambling revenue in Las Vegas.

St. Louis

Charter Communications files for Chapter 11 relief

Charter Communications Inc. on Friday filed for a prearranged Chapter 11 bankruptcy to get relief from its creditors, as the nation’s fourth-largest cable operator strives to keep its head above water and still compete with phone companies and satellite TV providers.

The St. Louis-based company seeks to emerge from bankruptcy as early as the end of summer and doesn’t plan on selling any of its assets to competitors. After Chapter 11, interest costs at Charter, which has never posted a profit since going public in 1999 due to massive debt interest payments, will be cut in half to $830 million a year.

From wire reports


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