The listing is not publicly listed, but held by agent David Mossler of Teles Properties.

FORBES: Connect

Providing funds for growing companies such as Teles is more important, as is arranging sales of medium-sized, family-owned companies.

ECONOMIST: Venture capital

Academics, who have traditionally shunned commercial applications for their ideas, are also becoming businessmen in increasing numbers: the founder of Teles, Sigram Schindler, is a professor in Berlin.

ECONOMIST: Venture capital

The listing price is now being raised because the "the luxury market in the Desert has had an upward trajectory, " says Eric Lavey of Teles Properties in Beverly Hills, who shares the listing with Mike Patakas of Keller Williams Realty.

WSJ: Private Properties--WSJ Mansion