Rapper-producer Dr. Dre and record producer Jimmy Iovine are contributing $70 million to University of Southern California to create a new degree program that combines business, marketing, product development, design and liberal arts, in hopes of finding the next great tech start-up.

Private Practice actress Kate Walsh has relisted her Los Feliz home for $4.75 million. Located just north of Los Feliz Boulevard, the home features four bedrooms and six bathrooms

Renowned womenswear designer Carolina Herrera will be opening a new CH Carolina Herrera boutique on Rodeo Drive at the end of May. The new store will include signature cocktail dresses and an exclusive line of 20 handbags designed by Carolina’s daughter, Carolina Herrera Baez and Spanish artist Yolanda Andres.

As part of a new outreach initiative, the Los Angeles County Museum of Art (LACMA) will host art and film programs in nine southern California communities. The LACMA9 Art + Film Lab is a free, participatory interactive space where the public can learn and experiment with art and filmmaking.

Innovative Dining Group’s Chi Lin restaurant has opened on Sunset Boulevard in West Hollywood. Offering a combination of the spirit of ancient China and modern-day Los Angeles, Chi Lin serves sophisticated, Hong Kong cuisine in an intimate setting.

British Formula One heiress and designer Petra (Ecclestone) Stunt will be showcasing the spring 2013 collection from Stark, her line of high-end handbags, on May 16 from 6-9 p.m. at Satine on West 3rd Street.

Lucques owners Suzanne Goin and Caroline Styne will be hosting the inaugural Sunday Suppers at Lucques Book Club Dinner on May 19 at Lucques restaurant on Melrose Avenue.

Media mogul Rupert Murdoch recently announced on Twitter that he purchased Moraga Vineyard in Bel Air. Though his purchase price was not disclosed, the property was listed for $29.5 million and features 13 acres of hillside land and shaded canyons just five miles from the Pacific Ocean.

Actress, writer and director Bryce Dallas Howard has just sold her Hollywood Hills villa for $2.455 million. The four-bedroom, four bathroom Mediterranean-style home is described in the listing as “truly an entertainer’s dream.”