Vera Wang Buys in Beverly Hills
August 15, 2011 - California
Fashion designer Vera Wang has bought a contemporary home in Beverly Hills, Calif., for about $10 million; the home was listed in March for $10.9 million.
Ms. Wang, who bought through a limited-liability company, is spending more time in Los Angeles, says Stephen Shapiro of the Westside Estate Agency, who represented Ms. Wang with Richard Ehrlich of the same firm.
The midcentury-modern home was completely renovated and has four bedrooms, a home theater and walls of glass.
There's also a pool and spa. The seller was real-estate investor and designer Steven Hermann, who is also an agent with Westside Estate Agency and represented himself.
He bought the property for $5 million in 2008 and says he spent more than $3 million on the renovations. Ms. Wang declined to comment.
Via WSJ - Juliet Chung
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