Welcome back to the Real Estate newsletter. As the summer gets hotter, the deals get bigger, and this week’s headlines were dominated by some of the largest and most expensive mansions on the market in Southern California.

Two of the most intriguing listings were tied to two big names. The pricier of the pair came in Beverly Hills Post Office, where the lavish compound of late Microsoft billionaire Paul Allen came to market for a cool $55.5 million. The house itself is fine and all, but the amenities are the selling point; it comes with a standalone cinema building, a 9,200-square-foot recording studio and a glass funicular that carries guests from the scenic swimming pool to the tennis court.

A few miles east in Hancock Park, Shonda Rhimes is hoping to keep the momentum going. Fresh off her lucrative Netflix deal, the prolific producer listed her century-old home for $25 million, which she remodeled with the help of Barack Obama’s interior designer…

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