Photo

Photo detail

A NEWS HOPE: Local biotech billionaire Patrick Soon-Shiong agreed to pay $500 million to purchase the Los Angeles Times and several other newspapers from tronc Inc. earlier this year, although the deal has yet to close. Soon-Shiong also said he plans to move the Times to a new campus in El Segundo from its downtown home. (photo by Ringo H.W. Chiu/LABJ)

Stories this photo appears in:

Trophy Props

L.A.’s wealthiest spend big bucks on high-profile properties, projects

Toys, teams and projects of the mega-rich.

Tease photo