From the LA
Times Hot Property:
--Another case of famous sells to famous.Kevin Costner has sold his Hollywood Hills
home there to Ryan Seacrest for $11.5 million.
--Conductor Zubin Mehta and his wife have sold their Malibu getaway
for $15 million. The home sold the first day it went on the market.
--Film producer Charles Roven has sold his
Beverly Hills-area home for around its $9.5-million asking price.
--Lou Diamond Phillips has sold his home in
Monteria Estates, a gated community in Chatsworth, for $2.1 million.
From the NY Post's Gimme Shelter:
--Nice discount! One of New York's
$50 million listing has been reduced to $39 million. Real-estate developer and former WorldCom director Francesco
Galesi is eager to sell. Does Galesi overestimate the value of his properties? He originally listed a Southampton
mansion for $45 million and ended selling (to Calvin Klein) for $28.9 million.
--Calvin Klein's daughter Marci is
buying a SoHo condo for around $10 million. Klein is a senior producer and chief talent booker at Saturday Night
-- Iris Cantor, the widow of Cantor Fitzgerald founder B. Gerald "Bernie" Cantor is in a bidding
war for a penthouse with a $14 million asking price which is being built at 110 Central Park South.
Stearns CEO James Cayne becomes the latest deep-pocketed person to buy an apartment at the plaza. He is spending $25
million for a 5,000 square foot space that will be available for occupancy next year.
--Thomas Siebel, founder of
Siebel Systems, is buying the entire 79th floor of the Time Warner Center's south tower for $29 million. He is also
buying half of a lower floor for around $16 million.
From the NY Times Big Deal:
--Everyone's talking about
the Time Warner Center, it's officially sold out with a total sales of over $1 billion. The building might be the best
place in New York to meet a billionaire.The very monied who will live there include J. Joe Ricketts who founded
Ameritrade (floor 78); as mentioned by Braden Keil of the NY Post, Thomas Siebel (floor 79) and Time Warner
Center developer Steven Ross (floor 80); as well as John W. Kluge, No. 52 on the Forbes list of billionaires and
Jon L. Stryker No. 428 on the Forbes list with $1.8 billion and David Martinez who spent $54.7 million. on two
floors of raw space.
--Joseph M. Jacobs, a hedge fund manager who once planned to build the biggest house in
Greenwich, Conn., has now spent $13.6 million on a three-bedroom apartment at 1 Central Park West, the Trump
International Hotel and Tower. He also owns a home in the Conyers Farms section of Greenwich that he planned to live in
while building their now-scrapped 39,000 square foot mega manse.