What do families with means do when they move?
They visit schools and buy a house.
Cavaliers star LeBron James already did the former, and now he has done the latter.
Neal J. Leitereg of the Los Angeles Times:A limited liability company linked to the NBA superstar has paid $23 million for a newly built spec mansion in the Westside community, property records show. The corporate entity is the same that was by James two years ago to buy another home in the Brentwood area for about $21 million.
Sitting up from the street, with city-to-ocean views, the 15,846-square-foot home is furnished with an elevator, a home theater and a custom kitchen with a La Cornue range. A lower level was designed for entertaining and holds a home theater, wine cellar, cigar room and onyx-lined wet bar.
LeBron lives in Los Angeles in the offseason, and maybe he wants nicer accommodations for only the summer. Or maybe he’s investing in real estate.
But rumors persist about LeBron signing with the Lakers, and this should only fuel them. After all, it makes more sense for LeBron to invest in a nicer house if he’s living in it full-time rather than just a few months per year.
Of course, this doesn’t mean LeBron will bolt Cleveland for the Lakers. There are other considerations.
But if I were the Lakers, I’d feel better than if LeBron hadn’t made this purchase.