Sunday, August 24, 2008

Aaron Spelling's Widow Moves To Condo, Reflecting Housing Downturn.

Los Angeles, CA (AHN) -- The pending transfer of the widow of television producer Aaron Spelling to a condo unit from a mansion reflects the downturn of the American economy and the real estate market.

Candy Spelling, when Aaron was still alive, lived with her husband for almost two decades in a 56,500-square foot French chateau-style mansion which had a wine-tasting room, bowling lanes and silver, china and gift-wrapping rooms. Aaron was the man behind hit TV series like "Charlie's Angels" and "Seventh Heaven."

Recently she bought a high-end condo unit for $47 million at The Century in Los Angeles, which has identified wealth with estate living, not a high-rise lifestyle. The 140-unit building is still under construction. Spelling will have two penthouse floors measuring 16,500 square feet, which boils down to $2,848 per square foot. (emphasis mine)

Poor dear.

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