"Hair-dresser turned movie producer Jon Peters confirmed that he sold 5.2 acres of land in Benedict Canyon to a Saudi prince who now plans to construct an 85,000-square-foot compound on the site. Prince Abdulaziz ibn Abdullah ibn Abdulaziz Al Saud, a son of Saudi King Abdullah, purchased three adjacent parcels in 2009, Peters said. Property records list the sale price at $12 million." (thanks Khaled)