"Who wants to become the most important land owner in Malibu?"

From The Real Deal:

For eight plots of prime land in Malibu and $150M, it could be you

The late Jerry Perenchio’s undeveloped 70-acre Malibu property is on the market for $150 million, but the catch is the property is split into eight lots and the brokers do not want to sell them separately.

“In a single transaction, someone is going to become the most important land owner in all of Malibu,” Savills Studley’s Mark Sullivan said to Bloomberg.

The plots haven’t been on the market in over 30 years with one lot bordering Malibu Colony, while other lots are spread throughout significant commercial and retail areas....MORE