Toshiaki Ogasawara buys 1 Pelican Hill Road North, Newport Coast.

Toshiaki Ogasawara, publisher and chairman of The Japan Times Ltd., was the winning bidder for 1 Pelican Hill Road North, the 16,600-square-foot mansion in Newport Coast formerly called Villa del Lago, according to court documents.

Ogasawara agreed to pay a total purchase price of almost $19.4 million for the yet-to-be finished property, which includes a lake, horse stables and a 17-car garage.

The $19.4 million price total includes the winning bid amount of $18.5 million plus a $925,000 auction premium.

Ogasawara runs The Japan Times, the most widely read English-language newspaper in Japan, and serves as a director of the Los Angeles Philharmonic Society, a trustee for the University of Southern California, and a governor of Cedars-Sinai Medical Center.


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