A U.S. Bankruptcy Court judge approved the $126 million sale of The One, the over-the-top Bel-Air megamansion once slated to list for $500 million, dropping the curtain on a saga that has long captivated the Los Angeles real-estate world.
In a Monday hearing, U.S. Bankruptcy Court Judge Deborah J. Saltzman said that, while the sale “doesn’t feel like a success,” it had met the legal standard for approval. She said the purchase price is “within the range of what other courts have accepted as a fair and reasonable price.”