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Case of shrinking US mansion roils brokers

Court ruling over China millionaire's suit could threaten dual-agency deals
Thursday, August 21, 2014 - 06:00
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Malibu: A Los Angeles getaway for celebrities, business barons and global investors. - PHOTO: BLOOMBERG

[LOS ANGELES] Millionaire Hiroshi Horiike has spent two years searching California for a dream home, one grander than any he could find in his native China. After visiting more than 80 properties in the Los Angeles area with an agent from Coldwell Banker, Mr Horiike paid US$12.25 million in cash