Monday, September 21, 2009

Mogul’s home sells at $2 million discount

Excerpt from http://lansner.freedomblogging.com/2009/09/21/cell-phone-mogul-sells-newport-mansion/36901/

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 :)
 

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