Taking the pulse on Malibu's summer lease season

Mega music producer-manager Peter Asher's beachfront house in California leased out for the summer at what may be a record-breaking price for Malibu Colony this recessionary season.

The MLS says it leased for $110,000 a month, still a bit anemic compared to previous seasons where Malibu beach homes went for $150,000 a month.

Asher's six-bedroom, 4.5 bathroom furnished property in the exclusive guard-gated Colony includes a detached guesthouse with a full kitchen, bedroom and bathroom. But it is so much more than that: The Colony is where people go to see and be seen. The listing agent was Chad Rogers of Hilton & Hyland in Beverly Hills, one of the stars of Bravo's "Million Dollar Listing" show.