“The real estate business has been good to technology entrepreneur Spencer Rascoff. And now we’ve confirmed that the well-known CEO of Seattle-based Zillow Group recently purchased a magnificent mansion in the exclusive Brentwood section of Los Angeles.
The price tag? Nearly $20 million.
A rep for the Seattle-based online real estate company confirmed the news to GeekWire on Monday, and said Rascoff sent a note to employees in May about how he will be splitting his time between Seattle and Los Angeles.”
His memo to employees is interesting…
“I wanted to give you a heads-up on some news for me and my family. Recently, we decided that we need to start spending more time in Los Angeles for personal family reasons. Beginning this summer, I will be splitting my time between Seattle and L.A., where my wife and I grew up and where all four of our parents live. However, nothing is changing about my role at Zillow Group. It is not uncommon for executives at large companies to do this because (like me) they already spend a lot of time traveling each week. Where they lay their head on the weekend is really just dependent on what is best for their family. And actually, I have done this before — for 2 years I lived in SF and worked in Seattle, and for 1 year I lived in L.A. and worked in Seattle. If you have any questions, please feel free to ask me.”
Next thing you know he and Annie will start having brunch together.