The Pacific Palisades home previously owned by Roland and Nancy Reagan has hit the real estate market for $4.999 million. Featuring sweeping panoramic views of the Riviera, the Pacific Ocean and the Getty Center, the environmentally friendly home has four bedrooms and four bathrooms.

Los Angeles’ Griffith Observatory will host a Doomsday party on December 21, staying open one minute past midnight to disprove apocalyptic fears related to the Mayan prediction that the world will end on December 21.

U.K.-based women’s fashion brand Joseph has opened a new store on Robertson Boulevard in Los Angeles. This is the second location for the company in the U.S., in addition to the New York City store, which opened a few years ago.

Oscar award-winning director Frank Capra has listed his La Quinta home for $1.575 million. Located in the desert on the tenth hole of the La Quinta Country Club, the A. Quincy Jones-designed home boasts four bedrooms and a floor-to-ceiling fireplace.

Based on J.R.R. Tolkien’s 1937 novel and set 60 years prior to events in The Lord of the Rings, The Hobbit: An Unexpected Journey opened in theaters this past weekend scoring record high ticket sales of $84.8 million in the U.S. and $138.2 million overseas, totally $233 million worldwide.

On Wednesday evening, fashion icons Mary-Kate and Ashley Olsen debuted their new $55,000 ‘Nile’ bag in Los Angeles at new luxury boutique Just One Eye.

Documenting the collaboration between Benjamin Millepied, found of the L.A. Dance Project, and L.A.-based artist Mark Bradford, Framework is a live performance at the Museum of Contemporary Art exploring the unique stories, tones and impulses that give life to their work.

On Sunday, celebrity makeup artist and cosmetics line creator Julie Hewett will offer private consults from 10 a.m. to 5 p.m. at Blushington makeup studio at 8591 Sunset Blvd.

Fifty years in the making, The Balvenie Fifty is a rare bottle of whiskey that was distilled in 1962 and celebrates the half-century dedication of David Stewart, now the longest tenured malt master in Scotland.