Aussie billionaire shells out $110M for Bel-Air manse, priciest sale so far this year

Australian billionaire James Packer just plunked down $110 million for a Bel-Air mansion some market watchers say could crack open dealmaking for L.A.’s pipeline of $100 million-plus listings. Often referred to as “Le Belvedere,” the home at 630 Nimes Road was built nearly from the ground up over the last five and a half years. […]This article originally appeared on The Real Deal. Click here to read the full story.