President of Paramount Pictures Brad Grey for 18.5 million dollars has bought the former mansion of Frank Sinatra in Los Angeles. Reported by the portal The Hollywood Reporter.
The mansion, designed in Mediterranean style, situated in the exclusive area of Holmby Hills. Total floor area is about 800 square meters. It has seven bedrooms, two libraries and a winter garden. The adjacent area of 1 hectare is a swimming pool.
Frank Sinatra bought the mansion in 1948 for 250 thousand dollars. In September 2010, the property offered for sale at 22.5 million dollars. The name of the seller`s home was not disclosed.
In September 2010 it was reported that Brad Grey has sold an estate in Malibu for 21.5 million dollars. Currently, he also owns a house in a prestigious area of Los Angeles Bel-Air.
The company Paramount Pictures Corporation (originally known as Famous Players Film Company) was founded by Adolph Zukor in May 1912 and is the oldest film studio United States. The owner of the company is the holding company Viacom. Brad Grey was named executive director of the Paramount in 2005.