Fresh off the $125 million sale of his Beverly Hills home, movie mogul Jeffrey Katzenberg is in contract to buy the Beverly Hills property of Estée Lauder Executive Chairman William P. Lauder for close to $30 million, according to people familiar with the transaction.

A spokeswoman for Mr. Lauder confirmed the property was in contract for an undisclosed price, but said the deal isn’t expected to close for a few weeks. A spokesman for Mr. Katzenberg declined to say whether he was in contract for the property, but said he has…

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