"It is very centrally located, right in the heart of everything that they do in Hollywood," said the insider. "They still have the land and the space they love in Santa Barbara, but this spot offers the convenience that they need."
According to reports, the building comes with a full-service concierge, 24-hour staff, a fitness center and pool. The unit they purchased apparently offers amazing views of the city.
— Pursuitist Luxury (@Pursuitist) August 10, 2014
"It's a good sign that they are going to stay together," said the source. "Ellen and Portia have always loved working on a home project together!"
In July, de Rossi and DeGeneres sold their Los Angeles home, known as the Brady House, to Napster co-founder Sean Parker for $55 million. The couple did well for themselves on this particular property flip, turning a nice little profit on the 13,511 sq. ft. home they bought in January for $40 million.
— DomieNova (@DomieNova) January 26, 2014
— Kevin Cook (@rehudtampa) August 7, 2014
Designed by Los Angeles architect Richard Keating, the couple's new condo, located at 1200 Club View Drive, features a different interior designer for each unit, including David Sutherland, Christian Liaigre, Ralph Lauren’s City Modern, Armani/Casa, and James Perse’s Malibu Collection.
Image via Wikimedia Commons