10,000-square-foot French Regency-style Compound on a 1.5-acre Ocean Bluff in Malibu SOLD!

Who said that the housing market was down? Well, the residential market is not that bad for the rich, the super rich. It is a good time for them to buy. After all, some of these mansions and compounds appear to be appreciating. They do not lose their value. A case in point is this 10,000-square-foot French Regency-style Compound on a 1.5-acre. James and Eleanor Randall bought it for $14 million.

The house, built in 2002, has six bedrooms and seven bathrooms, two guesthouses, coastline views, a glass mosaic pool, a tennis court, a 1,500-square-foot master bedroom, heated mosaic floors and a private staircase to the beach.

The power couple bought the home as their Summer home. Mr. Randall is in the aerospace rivet industry. According to the Randall Foundation (www.randallfoundation.com), here is what we know about the couple:
"In 1971 Mr. James H Randall purchased Allfast Fastening Systems, Inc. from American Electric, Inc. In 1974 James H Randall/Allfast purchased the solid rivet manufacturing division from Olympic Fastening Systems. Also in 1974, Allfast began making blind rivets. In 1987 James Randall acquired the blind rivet division of Voi-Shan Fastening Systems. In 1989, Mr. Randall acquired the blind rivet and tooling divisions from Olympic Fastening Systems. In 1999, James H Randall purchased Briles Rivet. In 2002, he acquired Aerospace Rivet Manufacturers. In 2007, an additional 60,000 square feet were added to the facility to expand shipping and receiving, packaging and warehousing for VMI and min/max inventories. By adding footage to the facility it’s made more room for capital equipment and new products which are planned for introduction in 2008. With 19 patents and 21 trademarks, James H Randall and Allfast Fastening Systems are the leading provider of solid and blind rivets and tooling for the aerospace industry."

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To the Heavy-hearted of Malibu Mansions Burn

Maliburn: Malibu Mansions Burn

(Poem for Suzanne Somers and Husband)

Oh such loss of fine properties and homes

Oh such devastation of years of memory making

Farewell to the life known by Suzanne Somers and husband

May their hearts become light after so much pain

Just like a thief, the fire came in, fueled by the wind gusts

In a matter of minutes, it inflicted so much pain

Residents' hearts became heavy with loss

Passersby and university students watch from their homes

Wondering what is going to happen next

Fine homes worth $16 to $25 million are perished

A part of LA county went up in flames

Oh such horror that befell a rich community

Whose borders are the vastness of the Pacific Ocean

And tall fences and wrought iron that keep intruders and paparazzi out

Huge holes are created on the shores

Investigators are searching for clues and evidence of such an event

Mother Nature is not kind to the ordinary and well-heeled fortunate

Amidst tears of sorrow, it is difficult to turn one's back on the ruins

Too many memories of good times, parties went up in flames

A new lifestyle takes time to be created; insurance companies must pay

Oh Maliburn! Why so much loss had to come to us?

Why could you not protect us from the stings of pain

At the beginning of this new year? What is there to go on?

Life must go on. New homes will replace those the destroyed ones

New memories will be collected even from the shadows of heavy smokes

Thanks to the local firefighters who battled the raging flames

The sun over the Pacific Ocean will rise again

Soon, the remains of smoldering properties will be cleaned up and gone

A new day will break; hope will be reborn; a new home will rise again



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