The Reserve is a six-bedroom, 11- bath Art Deco mansion in Los Angeles that Kristoffer Winters spent more than two years rebuilding and decorating down to its monogrammed bathroom towels. His asking price was $25 million.
Los Angeles is a fine city for eating out, even if New York garners more attention for its culinary prowess. California cuisine tends to be light and fresh, while Latin and Asian influences add color and spice.
When Pinkberry opened its first store in 2005 among the glitterati of West Hollywood, Chief Executive Officer Ron Graves recalls people lining up for hours to get their hands on the frosty yogurt dessert. (A small cup can cost up to $4.95.) The city issued $175,000 in parking tickets during a single month to Pinkberry customers, he says. Now a host of copycats has emerged just as the American frozen yogurt craze may be melting. Graves's solution? Expand the 119-store, Los Angeles-based Pinkberry chain overseas, with new shops scheduled to open this year in Britain, Turkey, Morocco, and the Philippines.