+1 212 318 2000
Europe, Middle East, & Africa
+44 20 7330 7500
+65 6212 1000
The King of Pop is being laid to rest on Sept 3 in a cemetery as colorful as him—the Forest Lawn Memorial Park in Glendale, Calif. The century-old property features a life-sized replica of Michelangelo’s David, a reproduction of da Vinci’s The Last Supper that lights up every half hour and a museum that’s devoted its space to everything from the Crown Jewels of England to a celebration of 1950s American Tiki culture.
Credit Hubert Eaton, a manager of the property in the early part of the past century. A former mining engineer, he decided all the head stones should be flat bronze plaques. He coined the term memorial park because he thought the word cemetery sounded depressing. He encouraged weddings at the property—Ronald Reagan married Jane Wyman there. Eaton himself is buried in the main chapel—in Westminster Abbey-like fashion under the altar—next to a collection of VIPs that includes Gutzon Borglum, carver of Mount Rushmore.
Jackson will join many other celebs at Forest Lawn, although the cemetery doesn’t actually encourage star gazing. I can remember trying to find Humphrey Bogart’s simple marker. A friend and I jumped over a gated section of the property. I landed on Mary Pickford. There was classical music playing in the compound, although the gates were locked and no other living people were present. Who knows what they’ll play now that Michael is there?
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.