Billionaire Ron Burkle sells penthouse in downtown L.A. for $2.5 million

"The three-story unit has a contemporary air with polished concrete floors, subdued hues and modern fixtures. Exposed ductwork and a steel-frame staircase lend a raw note to the 2,010 square feet of interior space. The loft-style floor plan includes a living/dining area and a chef's kitchen with chrome cabinetry on the main floor."

"Atop the residence, a private terrace sits below one of the Art Deco building's four clock faces and has an outdoor dining area and a lounge with a fireplace. Views take in the downtown corridor."

"Burkle, 63, built his fortune buying and selling supermarket chains such as Ralphs, Fred Meyer Inc. and Food4Less. He has an estimated net worth of $1.55 billion, according to Forbes."

Ronald Burkle, a Los Angeles billionaire investor with a net worth of $1.55 billion, sold a three-story penthouse in the Eastern Columbia Building for $2.5 million. The 2,010 square-foot loft-style unit features contemporary design with polished concrete floors, modern fixtures, and exposed ductwork. The residence includes a living/dining area, chef's kitchen, one bedroom with an office and lounge, two bathrooms, and a private terrace with views of downtown. The property sold in just over two weeks after listing in September for approximately $3 million. This sale follows Johnny Depp's recent sale of one of his five penthouses in the same building for $2.545 million.

Read at Los Angeles Times