Monday, September 21, 2009

Mogul’s home sells at $2 million discount

Excerpt from

Two months after his cell phone entertainment company filed for bankruptcy in 2007, telecom executive Peter Adderton put his Newport Coast home up for sale, asking nearly $6.5 million. 
Last month, he finally closed escrow, selling the 5,400-square-foot home for nearly $2 million less.

The buyer is lucky :)

No comments: