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Damon Dash

Sunday Real Estate Round-Up: 08/29/10

Filed under: Estates, Celebrity Shopping


From the LA Times Hot Property:
--David W. Higgins, the president of production at Sobini Films, has listed a midcentury home in Sherman Oaks at $949,000. The listing for the colorful home is here.
--Internet pioneer David Bohnett has sold his Holmby Hills compound to art dealer Larry Gagosian for $15.5 million.

From the NY Observer:
--Real estate mogul Aby Rosen's townhouse at 22 East 71st Street may have finally sold or at least been pulled off the market. It was listed at $75 million in 2008 but later had a price cut to $59 million.

--Official records show that Damon Dash's foreclosed Tribeca condo at 25 North Moore Street went to Platinum Capital for $5.6 million.
--Society staple Countess Sharon Sondes sold her Trump International Hotel & Tower pied-a-terre for $1.45 million.
--Allen Ginsberg's apartment at 437 East 12th Street is now up for rent for $1,700 a month.
--Interior designer Jamie Drake purchased an apartment at 200 11th Avenue (the star-filled building where Nicole Kidman and Keith Urban recently bought) for $4.662 million and is already planning renovations.
--CB Richard Ellis vice chairman Darcy Stacom and her husband, Chris Kraus, a managing director at Jones Lang LaSalle bought a four-bedroom apartment at 447 East 57th Street for $4.775 million.
--Actor Liam Neeson recently sold his two-bedroom co-op at 91 Central Park West for $1.352 million. He and his late wife, actress Natasha Richardson, bought the apartment for $1.4 million in 1994.
--Ponzi schemer James Nicholson's three-bedroom at the Time Warner Center has finally been sold by the U.S. Marshal's office for $6.75 million. Nicholson bought the home for $8.5 million two years ago.
--New York Philharmonic flutist, composer and pianist Gary Schocker and Richard Norton purchased a brownstone at 215 West 137th Street in Central Harlem. They purchased the home from Vincent and Kim Van Doorn for the listing price of $2 million even.

From the Wall Street Journal's Private Properties:
-- Winecup-Gamble Ranch in Nevada, one of the largest in the West, with access to nearly one million acres of land has hit the market for $50 million. The ranch is owned by a corporation headed by Paul Fireman, the former chairman and chief executive of Reebok and the chairman of Fireman Capital Partners. The listing is here.
--A Beverly Hills home owned by Max Palevsky, the late philanthropist, art collector and a founder of Intel is listed for $9.5 million. The property website is here. His Malibu home remains listed at $55 million.
--Bert Saberhagen's Calabasas, California home is back on the market. The former Major League Baseball pitcher listed his home for $3.25 million last year but it is now for sale for $2.699 million.


From the Real Estalker:
--Filmmaker Brett Morgen and actor/director/writer Debra Eisenstadt have listed their home in the Rockaways, Queens, New York for $4.495 million. The listing is here.
--Rumor has it that Kristen Stewart and Robert Pattinson are cozied up in a contemporary love nest in Bel Air.
--Courtney Love has leased actress/model Milla Jovovich's West Village townhouse.

--Andrew Dice Clay has sold his Hollywood home for the asking price of $1.399 million.

From Housing Watch:
--Christina Aguilera has dropped the price again on her Hollywood Hills home. It is now listed at $5.995 million, a full $2 million off the original asking price when she put it on the market in 2008. She bought the home in 2003 for $5 million.

Damon Dash's Loft Scheduled For Foreclosure Auction

Filed under: Real Estate Developments

damon dashBack in 2008 hip hop mogul Damon Dash flirted with foreclosure over a pair of Manhattan apartments. Eastern Savings Bank said Dash and his fashion designer wife Rachel Roy owed $7.3 million on the properties and were supposed to make hefty monthly payments of $78,500. Now Curbed reports that one of the properties, a 5,200-square-foot duplex in The Atalanta at 25 N. Moore Street is scheduled for foreclosure auction today, July 28 at 1 p.m. According to the listing the duplex has 20 foot ceilings in the living room, four bedrooms and a large kitchen.The 17-story building was erected in 1924 and converted to condos in 2001. The building was originally a cold storage warehouse and has a doorman and a roof deck.

Manhattan Loft Guy says that Dash bought the home in 2004 for $3.875 million, refinanced in 2007 for $7.3 million, tried unsuccessfully to sell in 2008 and 2009, first for $7.9 million and later for as low as $5.75 million. The bank secured a judgment March 1, 2010 for $8,960,752.

UPDATE: The NY Times reports that the condo, in the Atalanta sold to a company called Platinum Capital for $5.5 million, the minimum bid the bank would accept was $5 million. The other apartment, at the Sugar Warehouse at 79 Laight Street, also in TriBeCa, did not meet its $3 million minimum bid, so it now belongs to Eastern Savings Bank.

Damon Dash Designs a Range Rover - With Diamonds

Filed under: Jewelry, Timepieces / Watches, Luxury Cars & Autos, Celebrity Design


Rap mogul Damon Dash's luxury timepiece and jewelry brand Tiret New York has turned its hand to automotive design with its latest creation, the Tiret Sport Coupe. Just unveiled at watch expo Baselworld in Switzerland, the luxurious 2-door SUV is based on the Range Rover Sport and features real diamond accents derived from Tiret's opulent oversized, bejeweled timepieces by designer Daniel Lazar.

Available by special order at an undisclosed but undoubtedly astronomical price, the car is available with custom watch dial displays derived from Tiret's diamond timepieces, as well as an elegant central clock. A wide variety of color combinations including two-tone schemes is available inside and out in addition to Nappa leather seating and fine wood trim. Exterior modifications include wider flared arches, LED lighting, 22-inch LSE alloy wheels and a full panoramic glass sunroof.

[via JustLuxe]

Rachel Roy Designs for Grey Goose

Filed under: Apparel, Spirits

Rachel Roy is in the news again, and this time it's not because of the dough that she and husband Damon Dash owe. Roy has teamed up with vodka maker Grey Goose, which commissioned her to exclusively design and create a signature cocktail dress to be worn by the brand's spokesmodels at select Grey Goose-sponsored events across the country. The dresses will be labeled "Rachel Roy exclusively for Grey Goose Vodka." Grey Goose was the official title sponsor of the Rachel Roy Spring 2009 Fashion Presentation earlier this month during New York Fashion Week, and the partnership also will include trunk shows and store openings.

The cocktail dress will resemble a classic silhouette with clean, modern lines. Made of stretch wool for structure and ease of movement, the design will include a feminine draped neckline and an element of fluidity in the back detailing. (See gallery.)

Roy's creation is "derived from the classic heritage and discerning taste of the luxury vodka brand," according to Grey Goose. Roy notes, "In keeping with this tradition, my design matches the timeless fluidity of the little black dress, with a hint of the iconic, signature blue to capture the effortless elegance of this occasion."

In addition to joining with Grey Goose, Roy has jumped on the green bandwagon by designing eco-friendly clothing, which she will continue to selectively incorporate in seasons to come. Roy will donate 100% of the proceeds to Orphan Aid Africa, an organization that aims to help orphans in Ghana.

[Via Grey Goose and BlackVoices.com]

Damon Dash Faces Foreclosure

Filed under: Estates, Celebrity Shopping

Another big spender joins the celebrity foreclosure follies. This time it's Roc-A-Fella Records company co-founder Damon Dash and his wife, fashion designer Rachel Roy. The high-profile pair could lose two of their Manhattan apartments. Eastern Savings Bank says the couple owe $7.3 million on the properties and were supposed to make hefty monthly payments of $78,500 but haven't done so since January. Dash has a $100,000 federal tax lien on the properties and reportedly owes the city of New York $2 million in back taxes. Damon Dash is allegedly has a $50 million fortune amassed from his hip-hop empire.

Debt-Ridden Michael Jackson Splurges On A Tiret Watch

Filed under: Timepieces / Watches, Celebrity Shopping

Imagine you are in financial trouble, in danger of losing your house, suffocating in debt. Now, would you try to trim expenses or spend over $87,000 on a new diamond watch. If you answered the latter then you have the same debt philosophy as Michael Jackson. The 3AM Girls have reported that Jackson, who is still living in the Middle East, trotted over to the Burj Al Arab in order to pick up a diamond laden Tiret watch. Tiret is the luxury watch company created by Damon Dash and the ultra-elite watches can cost up to $500,000. The watch has 800 diamonds and a gold face. Sounds like someone needs Oprah's debt diet.

Tiret Launches New Debonair Watch Models

Filed under: Timepieces / Watches


The latest watch from Tiret, the watch company founded by Damon Dash and Daniel Lazar, is the Debonair. Previous Tiret models were heavy on the diamonds and rounded shapes but Debonair is all about transparency and squared shapes. It has an Art-Deco-style case and there are two versions of the watch. The Debonair XL model is a skeleton watch which has a surface treatment that uses a black cold plasma coating with a hardness of more than 2000 Vickers. The movement is an ETA calibre A07.161 with 24 jewels. It has a power reserve of 48 hours. After the jump, a picture of the other Debonair model.

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