Real Estate Industry News

Lakers owner Jeannie Buss just picked up a property near the team’s El Segundo practice facility, shelling out $2.6 million for a coastal condo a few miles up the road in Playa del Rey, records show.

Buss isn’t new to the beachfront community. In 2017, she bought a Mediterranean-style estate for roughly $2.45 million and sold it two years later, The Times previously reported.

Her new place is found in The Breakers, a condo development set right on the beach. The $2.6-million sale price is the most ever paid for a home there, according to the listing agent.

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It was owned by Barry Poznick, MGM TV’s president of unscripted and alternative television. He has another spot in the community on the market as well — a contemporary two-bedroom town house up for grabs at $1.325 million.

This one’s a bit bigger, with four bedrooms and three bathrooms in about 2,200 square feet. White oak floors and plantation shutters touch up the living spaces, which include an ocean-view living room and tile-splashed chef’s kitchen. A dual-sided fireplace anchors the space.

Upstairs, the master suite opens to a private balcony overlooking the ocean. Down below, a beachfront patio adds extra space to entertain.

Williams Passavia of Compass handled both ends of the deal.

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Buss, 58, is the daughter of late businessman and Lakers owner Jerry Buss. Since taking over the team, her moves include hiring Rob Pelinka as general manager and Frank Vogel as head coach.