Feb. 29, 2008

Nicole Richie sells her condo in West Hollywood, CA for $2.25M

Tabloid mainstay Nicole Richie has sold her condominium unit in the Empire West building in West Hollywood, Calif. for $2,250,000.

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In a Big Time Listings exclusive, we can report on the sale of Richie's 2,246-square-foot, 10th-floor unit at 1100 Alta Loma Road in West Hollywood, which she had purchased in early 2005 through her CNR Trust for $1,180,000. Public records show that Richie's sale closed on October 29. The deal was recorded on December 7. The buyers are not celebrities.

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Our pals over at the Real Estalker posted a customarily terrific scoop back on October 13 of Richie's listing of the two-bedroom, 2.5-bath unit for $2,300,000. And we previously had broken the story on September 28 of the $1,200,000 amount that Nicole's dad, singer Lionel Richie, paid to buy a town house at 2300 Century Hl in Los Angeles' Century City area from actor Dennis Franz, apparently as a 'surprise' for his daughter and her rocker boyfriend Joel Madden.

It's unclear where the couple will hang their hats now. It's hard to believe that they will look a gift horse in the mouth by *not* occupying the Century City town house. At the same time, Nicole and Joel are expecting their first child, and they reportedly have also been considering a suburban-style house in L.A. (where Nicole wants to stay), as well as looking at units in downtown Manhattan (where Joel would like to hang his hat).

We'll of course keep you posted on further real-estate moves with this couple as they become available.

Posted in Hollywood Stars
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