Who will be the whale to land the penthouse at 8500 Burton? Photo by Elizabeth Daniels.
This Week's Top Stories: It was a week where we looked at whales, popped the bubbly and threw gold coins in the air. Let's remember the big fish who are making the big deals in LA. Downtown's Pershing Square, that reviled, tangled mass of unhappiness, may be getting another makeover or a complete tear down thanks to some money from AEG. The house made famous in Nightmare on Elm Street isn't actually on Elm Street, but it is for sale. Adaptive reuse of Downtown's old building's has stalled, thanks to the changing market, making old buildings sometimes more expensive to retrofit than to just build new. Raphael Soriano's lovely 1930's Polito House is back on the market for the first time in nearly a decade, for $1.895 million. Elvis' former abode in Trousdale Estates is threatened with a wrecking ball after being purchased by Hard Rock founder Peter Morton.
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