The Annapurna CEO Sold 1 Electra Court to Luxury Developer Woodbridge Group of Companies LLC for $35 Million in September — but That Was Before the Sec Started an Investigation Into the Company.
Megan Ellison’s former home at 1 Electra Court, one of several trophy properties at the center of an ongoing SEC investigation, is back on the market for $35 million. And as part of the deal, the new owner is throwing in architectural plans plus entitlements for a massive renovation of the property which, if executed, would create a 35,000-square-foot property on a promontory that offers some of the city’s best views.
In September, Ellison sold the home to a luxury developer, Woodbridge Group of Companies LLC, for $35 million. Since then, the SEC announced that it had been investigating Woodbridge and its former CEO Robert Shapiro for allegedly running a $1.2 billion Ponzi scheme that fleeced more than 8,400 investors from 2012 to 2017.Click here
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