Katie Holmes shedding $4.625m Calabasas mansion

From Variety: New York City-based actor and style icon Katie Holmes has put her West Coast residence in L.A.’s expensive and celeb-packed if not exactly fashionable far-western suburbs on the rack at just over $4.6 million. Tucked into an affluent, guard-gated community chock-a-block with famous folk, the “Kennedys After Camelot” star, set to appear on the silver screen in the horror film “Brahms: The Boy II,” purchased the property a little more than five years ago, amid oceans of rumors and reports she was romantically entangled with Jamie Foxx (they’ve since broken up), for not quite $3.8 million.