Tom Hicks

Sunday Real Estate Round-Up, 01/24/10

From the LA Times Hot Properties:
--Professional skateboarder Erik Elllington has listed his Hollywood Hills contemporary, shown above, for $1,595,000. The property website is here.
--Kurt Rappaport, co-founder of Beverly Hills-based Westside Estate Agency sold a Beverly Hills home for around $24 million. Rappaport took a combination of cash and a house in the flats of Beverly Hills in trade in the transaction.
--Actors Jeremy Renner and Kristoffer Winters have sold a gated and restored 1924 Greek Revival in the Hollywood Hills area for $4,004,852.
--Screenwriter Tedi Sarafian has listed his renovated Normandy-style 1920s home in the Hollywood Hills for $1,749,000. The listing is here.

From the NY Post:
--Damages star Glenn Close has listed her two-bedroom apartment in the Beresford building at 211 Central Park West for $11.8 million. The apartment has two terrace's and a maid's room. The listing is here.

Gallery: Glenn Close On Central Park West

--Jay-Z and Ralph Lauren have both been spotted checking out the triplex penthouse in the ClockTower Building in Brooklyn. The apartment has gorgeous views through four giant clock faces and a glass elevator. It is listed at $25 million.

Gallery: Clock Tower Building

--Blackstone Group CEO Steven Schwarzman has sold his East Hampton home for $6.25 million. He bought the 3,200-square-foot home for $2.3 million in 1996 and later stayed there while the Water Mill estate he bought for $34 million in 2005 was being renovated.

From the Wall Street Journal's Private Properties:
--Financially embattled Texas Rangers owner Tom Hicsk has sold his three-acre, Aspen-area estate to Howard M. Jenkins, the former head of the Southeastern Publix Super Markets chain, for $18.5 million.
--Restaurateur and celebrity chef Charlie Palmer is asking $11.5 million for the five-story Manhattan townhouse that housed his first restaurant, Aureole, and former apartment. The listing is here.
--Australian golfer Adam Scott has put his beachfront vacation home on Australia's Gold Coast on the market for 4.95 million Australian dollars. The listing is here.

From Move Trends:
--A San Fernando Valley home that once belonged to Charlie Sheen and then-wife, Denise Richards, as well as actresses, Kirstie Alley and Katey Sagal is listed at $8.995 million, down $400,000 from when it was first listed in October. The listing is here.

Gallery: Louise Avenue

--A Montecito, California home that once belonged to director Robert Zemeckis is on the market for $13.9 million. The listing is here.

Gallery: East Valley Road

From ShelterPop:
Celebs on the Move: Angelina & Brad, Taylor Swift, Bradley & Renee
Breaking News: Diane Von Furstenberg Home
Three Kennedy Clan Estates For Sale
Inside Project Runway's Updated NYC Digs

Tags: adam scott, AdamScott, eric spar, EricSpar, erik ellington, ErikEllington, glenn close, GlennClose, guy wildenstein, GuyWildenstein, jeremy piven, JeremyPiven, john cleese, JohnCleese, kristoff winters, KristoffWinters, pat fitzgerald, PatFitzgerald, ralph lauren, RalphLauren, tedi sarafian, TediSarafian, Tom Hicks, TomHicks

Continue reading “Sunday Real Estate Round-Up, 01/24/10”

Billionaire Sports Owner Tom Hicks Stops Making Loan Payments

by Deidre Woollard (RSS feed) —

Filed under: Sports, Wealth

Billionaire Tom Hicks (#701 on the Forbes list for 2009) has found himself in a bit of a tight financial spot. His holding company which owns the Texas Rangers baseball team and the Dallas Stars hockey team has defaulted on about $525 million in loans. Hicks has said the move was deliberate, a business strategy as part of his negotiations with the banks. His company want changes to the lending agreement including full access to reserve accounts and a revolving credit line.

Hick describes the decision as a "nonevent for the teams, fans, sponsors and vendors" and has said he is doing fine financially, well, as fine as one can be in these times. Last week reports came out that he was looking to sell large minority stakes in both teams.

Sports teams generated a lot of revenue but they are also extremely costly and much depends on audience interest. The economy has has a deleterious effect on ticket sales for many teams. Last year's attendance at Texas Rangers games was particularly low and Hicks is hoping for better luck this season. The Rangers have their home opener on Monday.

Tags: dallas stars, DallasStars, sports, texas rangers, TexasRangers, tom hicks, TomHicks

Dallas Billionaire's Jet Does Double Duty

by Deidre Woollard (RSS feed) —

Filed under: Wings, Sports

Dallas billionaire and sports team owner, Tom Hicks is able to do something a lot of other billionaire sports owners are not, he gets double duty from his new Boeing 757. Not only is his hockey team, the Dallas Stars using the plane but his baseball team, the Texas Rangers, will use the same plane once their season comes around. The plane probably won't be too much help for his other sports ownerships, Mesquite Championship Rodeo and 50 percent of the English football (soccer) team Liverpool FC.

Source

Tags: airplane, baseball, boeing 757, dallas, expire-images:2008-10-25, hockey, sports, tom hicks