Ashley Greene Buys; Kelly Osbourne and Jordana Brewster Sell Homes

Ashley Greene has just purchased a home in Beverly Hills, according to real estate web site Redfin. The Twilight actress paid $2.435 million for the 27,000-square-foot, Spanish style spread. Located behind a gated drive, the lushly planted property features a three-bedroom, three-bathroom home with beamed ceilings, plenty of skylights and a backyard pool.

Purple haired rock progeny Kelly Osbourne has listed her petite West Hollywood pad for $1.349 million, reports web site Trulia. The E! Fashion Police co-star is selling the one-bedroom, two-bath 1,250-square-footer that she purchased nine years ago for $1.195 million. Built in 1952 and designed by Robert Byrd, the home is perched in the hills and features city views. Jonah Wilson of Hilton and Hyland has the listing.

Jordana Brewster is also putting her place on the market. The Brazilian-American actress has listed her three-bedroom, four-bathroom home for $3.8 million, reports Trulia. Residential real estate ace Ellen DeGeneres had owned the gated, 2,868-square-foot retreat from 1999 until 2002. Wilson of Hilton and Hyland has the listing.

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Fiji Retreat Where Bill Gates, Jim Carrey and Celine Dion Stayed Hits the Market

Want to sleep where Bill Gates, Michelle Pfeiffer and Jim Carrey all relaxed? One of Fiji’s most luxurious properties will be auctioned off Friday, Feb. 7. Although the retreat was previously listed for $12.99 million with an additional guest residence also available for $6.99 million, the Concierge Auctions event will start with no reserve.

Named after the long-tailed birds that fly around the island, Lawedua is one of only five homes on Wakaya, the crown-jewel island owned by Fiji Water founder David Gilmore, who made the purchase in 1973. Perched high above white sand private beaches, the 10-acre estate is surrounded by a barrier reef that is designated as a protected marine reserve.

Designed by late Ski Lankan architect Geoffrey Bawa, the home is an example of “tropical modernism” where colonial architecture is fused with clean lines and open spaces, along with vaulted ceilings, bamboo details and matted walls.

Selling without reserve on Feb. 7, www.FijiLuxuryAuction.com.

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The Academy Sells Hollywood City Block to Kilroy Realty Corporation

In an off-market transaction, Kilroy Realty Corporation has purchased a four-acre Hollywood parcel from the Academy of Motion Picture Arts and Sciences for $48 million.  Located immediately north of the Academy’s Pickford Center for Motion Picture Study, the full city-block site was originally intended to house the future Academy Museum of Motion Pictures when it was acquired by AMPAS in 2005 for $50 million.

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However, in October 2011, the Academy and the Los Angeles Country Museum of Art announced a partnership through which the movie museum would be housed in the Wilshire May Co. building on the LACMA campus.

With the purchase now complete, Kilroy Realty Corporation has announced plans to seek approval and entitlements to develop a creative media mixed-use campus on the site. Plans include more than 450,000 square feet of office space, apartments and retail space with Shimoda Design Group spearheading the design.

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The deal marks another major Hollywood project for Kilroy Realty Corporation, and another move towards the area's ongoing revitalization, which has faced recent setbacks with a newly released California Geological Survey that could indefinitely stall mega projects, such as the Millennium Hollywood towers.

But all of Kilroy Realty's large-scale developments -- including the Columbia Square project as well as the renovation of Sunset Media Center, a 22-story, 322,000-square-foot office complex on Sunset Boulevard just east of Vine -- are far from the earthquake fault lines, says KRC's executive vice president David Simon. "We’re not near any of the study zones. We’re in the area where development can and will happen," he says.

"The Academy site will be different from Columbia Square," says Simon, referencing the 675,000 square-foot mixed use campus located on the former site of CBS Los Angeles' television and radio operation, which began construction last year. "This is going to be more about housing smaller production and post-production companies, whereas Columbia will be more focused on larger headquarter users, entertainment and media technology companies. The Academy site will have very stylish rental units, but at a more accessible price point."

Simon added that KRC will continue AMPAS' "Oscars Outdoors" open-air summer movie screening series until construction begins: "We're currently talking to the Academy about a multitude of ideas to continue the summer film shows, and beyond."

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Time Warner Sells Manhattan Headquarters for $1.3 Billion, Unveils Relocation Plans

Time Warner has agreed to sell its midtown Manhattan headquarters for $1.3 billion and plans to move its operations in the Big Apple under one roof in a new building on the far West Side of Manhattan, the entertainment conglomerate said Thursday.

The sale agreement with real estate firm Related Companies and partners for the Time Warner Center, on whose construction the entertainment conglomerate spent around $520 million about a decade ago, is the result of TW's exploration of its real estate options for the past two and a half years.

Time Warner, led by chairman and CEO Jeff Bewkes, has been looking to save money and consolidate the staff of its various operations. It currently has seven office locations in New York. Most of the leases are believed to be up in 2017.

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TW will lease office space in the Time Warner Center until early 2019, the firm said Thursday.

TW said it has sold the 1.1 million square feet of office space it owns in Time Warner Center to a venture of Related Companies, an entity owned by the Abu Dhabi Investment Authority and GIC.

Additionally, TW, Related and Oxford Properties Group said they plan to relocate the company’s corporate headquarters and its New York City-based employees to Hudson Yards, on the West Side of Manhattan. TW has made an initial financial commitment, they said, without providing further details.
Related has been developing a new commercial tower in the Hudson Yards neighborhood, south of Times Square. It is a skyscraper set to be built at the corner of 10th Avenue and 33rd Street.

The far West of Manhattan has offered cheaper real estate prices in an effort to revitalize the area and attract people and companies. Previous chatter suggested that TW could save $100 million or more by moving office space.

Said Bewkes: "The sale of our office space in Time Warner Center to Related Companies and its partners is an important step toward moving our New York City-based employees into a dynamic new complex that will foster even more collaboration, creativity and efficiency across our businesses."

He added: "By consolidating our space to Hudson Yards, New York’s next great neighborhood, we will be able to reallocate substantial savings to our primary business of creating and sharing great storytelling in television, film and journalism with audiences around the world."

Email: Georg.Szalai@THR.com
Twitter: @georgszalai

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