WeWork is operating at a loss, but it’s still one of the most valuable privately held companies in the world, and its executives seem to be faring well. Variety reports that Michael Gross, the company’s vice chairman, has purchased an eight-bedroom, 10-bathroom house in Brentwood—for $28 million.
It was built in 2007 by longtime Fleetwood Mac guitarist Lindsey Buckingham and wife Kristen Buckingham, a designer. Described in marketing materials as a “world-class celebrity compound” with a “seductive backyard,” the property spans 1.2 acres and holds a pool, tennis court, gym, and recording studio.
The French Normandy-inspired residence features a two-story stairwell with a spiral staircase, a billiards room, a large kitchen with patterned floors and marble counters, and a master suite with a sitting room, fireplace, and walk-in closets. The home measures 10,000 square feet.
According to the Wall Street Journal, the Buckinghams are relocating to a smaller home nearby. Meanwhile, WeWork continues to expand in Los Angeles. It now has 23 LA outposts, with plans to open five more.