At the one-year anniversary of the listing, restaurateur Michael Chow gave a chop to his custom mansion in Holmby Hills this month, trimming back the ask to $69.975 million. The...

Michael Chow’s house in Holmby Hills has come up for sale. The Mr. Chow’s restaurant founder’s home is as extravagant and, yes, tasteful as one might imagine. But the check...