Kevin Spacey buys unit in Biscuit Co. Lofts

In 1997, Kevin Spacey formed Trigger Street Productions, a fully funded production company, to create low-budget feature films and independent products. The cast and crew from each production shares in the gross sales of the film.

Spacey bought the Triggerites a new loft in the Biscuit Co. Lofts in an industrial section of downtown. Sales price: $1.2 million, according to the Multiple Listing Service, down from the asking price of $1,335,000. The 2,400-square-foot space has three baths and an open-floor plan, as currently configured.

The eight-story Biscuit building was constructed in 1925 and restored into 104 lofts in 2006. Units have soaring ceilings, views, lots of light and lots of original details. There are 1-inch-thick maple floors, exposed brick walls, industrial-scale windows and copper doors. There is a pool and ground-level bars and restaurants, market, gym and shops.

Spacey's purchase serves to solidify the hip factor of the Biscuit, which also has attracted actor Nicolas Cage, who has leased with an option to buy the penthouse unit.

"Trigger Street" is a reference to a street in the suburban San Fernando Valley where Spacey spent his boyhood and where Roy Rogers and Dale Evans (and Roy's horse, Trigger) had their ranch.

The company's credits include films "Fanboys" (2008) -- a comedy adventure about "Star Wars" fans slated to be released in November. The company also co-produced the Emmy-nominated HBO movie "Recount" and the Spacey-starring "21," released earlier this year.

Spacey won Oscars for his lead role in "American Beauty" (1999) and his supporting role in "The Usual Suspects" (1995).

Actor George Hamilton recently bought along the Wilshire Corridor of L.A.'s West Side, wrote into the purchase offer that the seller -- who runs a popular bakery -- had to keep him in cookies for a year.

Details about what Hamilton bought are sketchy. The strip of high-rise condos is hot right now, and units in the luxury building in which he purchased are listed for up to $5 million.

According to Coco Clayman-Cook, owner of LA Condo Lifestyles -- which represented the sellers -- Hamilton spent about 90 minutes in the unit munching on a selection of seller Ginger Sherak's famous TuTu Bakery cookies, including her ginger snaps. Her husband, William Sherak, is a producer and owner of Blue Star Entertainment.