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Monday, January 7, 2013

Billionaire Howard Marks Sells $75 Million Malibu Mansion In Record-Breaking Deal


They just keep coming: Russian billionaires hunting for trophy houses. Kicking off the new year in record-breaking style, an oceanfront Malibu, Calif. estate has just sold for roughly $75 million in an off-market deal. A Russian billionaire couple paying all-cash were the buyers, according to people familiar with the deal, though their identities currently remain anonymous.

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