Reading about Sam Zell's $8.2-billion deal for the Tribune Co., one learns many things about the man, including that he swears, likes Ducati motorcycles, and plays paintball. Bearded billionaires: Just like us! Except for this part: he owns a John Lautner-designed home in Malibu worth at least $14 million, according to the Times. Related: Home sales are slow, slow, slow in Malibu, according to the Malibu Times. (A real estate agent wrote the story, fyi.) Maybe Zell can wave around a little money and fix that problem, too.
· Times' owner casts its lot with real estate magnate [LA Times]
· Malibu Report [Malibu Times]