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Happy Thursday, June 19th! Here’s What’s Happe Happy Thursday, June 19th! Here’s What’s Happening in and around Newport Today.

@newport.mansions @waterbrothers @newportlobstershack @wharffishhouse @diegosnewport @viestesimplyitalian @pastavinori @wharfsouthernkitchen @diegos_barrio_cantina @adventuresinerindelle

#NewportBuzz #NewportRI #rhodeisland #scenesofnewengland #newengland
Part-time Newport resident Mark Walter, who bought Part-time Newport resident Mark Walter, who bought Clarendon Court in 2021 for $30 million, is reportedly purchasing the Los Angeles Lakers in a record-setting $10 billion deal, marking the largest sale in U.S. professional sports history.

The sale will see the Buss family, who have controlled the franchise since 1979, transfer its majority stake to Walter, a billionaire businessman and CEO of Guggenheim Partners. The transaction surpasses the $6.1 billion sale of the Boston Celtics earlier this year.

Walter, whose financial firm manages over $310 billion in assets, is no stranger to the sports world. He currently serves as chairman of the Los Angeles Dodgers and leads TWG Global, a conglomerate with ownership stakes in the Dodgers, Los Angeles Sparks, Chelsea FC, the Cadillac F1 team, and the Professional Women’s Hockey League.

Jeanie Buss, who has led the Lakers as governor, will remain in her role following the sale.

The Lakers, purchased by Jerry Buss for $67.5 million in 1979, have become one of the most iconic and valuable franchises in global sports. The deal solidifies Walter’s status as a powerhouse in the sports industry.

Basketball Hall of Famer and former Lakers part-owner Magic Johnson praised the move on social media, writing, “Job well done to my sister Jeanie Buss for striking an incredible deal… Mark Walter is the best choice and will be the best caretaker of the Laker brand.”

Walter’s net worth is estimated between $6.1 billion (Forbes) and $12.5 billion (Bloomberg), and his sports track record includes two World Series wins and 11 division titles with the Dodgers since 2012.

The sale is pending final approval from the NBA Board of Governors.

#losangeles #lalakers #newportri #newportbuzz
This remarkable Watch Hill estate in Westerly, RI, This remarkable Watch Hill estate in Westerly, RI, presents a rare opportunity to create a lasting legacy of coastal living and cherished family memories. Designed with multi-generational living in mind, the property spans over two acres of beautifully landscaped grounds and offers both privacy and access to world-class amenities.

At the heart of the estate is a spacious main residence featuring six bedrooms, including a dedicated bunk room for younger guests and a generous family room ideal for gatherings and celebrations. Flooded with natural light and designed for seamless indoor-outdoor living, the home exudes warmth, comfort, and understated elegance.

A separate two-bedroom guest house provides flexible accommodations for extended family or visiting friends, ensuring privacy and ease for all. Whether you’re hosting a crowd or savoring a quiet evening, this home is built to welcome and unwind.

Outdoor living takes center stage with an Olympic-sized pool, a well-appointed pool house, and multiple decks and patios—perfect for sunset cocktails, summer barbecues, and stargazing by the fire. Expansive water views add to the tranquility, offering a daily reminder of the natural beauty surrounding you.

For boating enthusiasts, the home is ideally located near several marinas and boatyards, providing effortless access to Block Island, Montauk, Fishers Island, and beyond. The estate is also just minutes from the Ocean House, the Misquamicut Club, and the Watch Hill Yacht Club—seamlessly blending the serenity of a private retreat with access to the area’s premier coastal offerings.

Whether you’re bringing generations together or simply seeking a peaceful seaside escape, this Watch Hill estate is a place to slow down, soak up the sunshine, and make memories that will last a lifetime.

121 Avondale Road, Westerly, RI
8 Beds | 11 Baths | 10,966 Sq. Ft.
Offered by Lori Joyal of @compass.rhodeisland for $5,950,000

(Link in bio)

#WesterlyRI #compass #realestate #newportri #newportbuzz
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