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Tech Titans Peter Thiel, Matt Jacobson, Cameron and Tyler Winklevoss, Mich Mathews, Elon Musk Buy Homes in Los Angeles

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Another client, Oracle co-founder Larry Ellison, just closed on a deal to buy ex- Yahoo. Entrepreneurs love being around other entrepreneurs, and thats driving demand toward the beach," says Mr. Miller. Earlier this year, Mr. Rappaport sold a beach cottage in Malibu to a Facebook executive for $6.8 clients, brokers say. WSJ Web Slice.