Johnny Buss Acquires Palisades Development Site for $7 Million
Johnny Buss has purchased a development site in the Palisades for $7 million, following the recent sale of the Lakers.
Los Angeles, CA, August 14, 2026 —
Johnny Buss has reportedly acquired a development site located in the Palisades, with the transaction valued at $7 million. This purchase follows the recent sale of the Los Angeles Lakers.
Details regarding the specific nature of the development planned for the site were not immediately available. The transaction comes shortly after the widely reported sale of the Lakers basketball franchise, which Buss was involved with.
The Palisades is a recognized affluent neighborhood in the Westside of Los Angeles. Information about the seller or the exact location of the development parcel was not provided.
Further details concerning the timeline of the acquisition and any immediate plans for the property have not been disclosed.
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