REAL ESTATE: Tycoon Davies

A onetime Hollywood queen and longtime friend and helpmate of Newspaper Tycoon William Randolph Hearst last week talked about her "current consuming interest": real estate. Said Marion Davies, now fiftyish: "Land is the most important thing in the world because it's God-given, and should be developed."

Her most recent action proving her words is the purchase of Palm Springs' $2,000,000 Desert Inn (TIME, July 25). She believes that "Palm Springs is growing like Florida grew, is ripe for ... development," expects to build "a miniature Rockefeller Center" around the inn that will include small department stores, a theater, possibly a nightclub.


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