--Concern over the real estate market is causing a boom in Hamptons summer rentals. Instead of buying a house you can rent a house in Sagaponack for the three-month summer season fro $1 million, and it doesn't even have a water view.
--Christine Wolf, the ex-wife of television mogul Dick Wolf, has sold her Upper East Side townhouse for approximately $9.6 million to Shaul Nakash, who runs Jordache jeans.
--Celebrity attorney Gloria Allred has paid $1.75 million for a three-bedroom prewar apartment on West 81st Street.
From the NY Observer's Manhattan Transfers:
--Political cartoonist Ranan Lurie has paid $11.25 million for an apartment at 15 Central park West.
--Can an apartment which sold for $22.25 million seven months ago sell for $29.75 million now? That's what fashion trade-show magnate Elyse Kroll is hoping. She bought the Sutton Square townhouse from Chinese television personality Yue-Sai Kan last June. The listing is here.
--CollegeHumor co-founder Joshua Abramson has bought $1.975 million apartment at the Greenwich.
From Berg Properties Big Time Listings:
--Mr. Big Time runs down the real estate doings of Janet Jackson. Finding that she owns a condo in the Trump International Hotel & Tower condominium building, at 1 Central Park West in Manhattan and a home in Henderson, N.V., just outside of Las Vegas. It is believed that she no longer owns any real estate in Southern California but she used to own an oceanfront house in Malibu, a mansion in Bel-Air, a home in Rancho Sante Fe, and one more that she owned in Northridge that now belongs to her ex-husband, Rene Elizondo.
--Donovan Leitch Jr., who is in the band Camp Freddy, has sold his Spanish-style compound in Los Angeles' Hollywood Hills for $1,050,000. It was our estate of the day back in October.
--Tom Bosley has sold his English country-style house in the Beverly Hills post office area for an undisclosed price after it was on the market for $2,950,000.
--An eight-bedroom mansion in Beverly Hills that once was owned by Madonna has sold for $15,680,000.
--More details on John Goodman's purchase on a house in Pacific Palisades, he paid $4.6 million for his newly built home.
--Rapper Taboo of the Black Eyed Peas paid $2.2 million for a six-bedroom house in Altadena last spring.
--via The Wall Street Journal, the buyer of Georgia Frontiere mansion in Los Angeles in Bel-Air has been identified as Hilton Hotels Chief Executive Christopher Nassetta, who paid around $27.5 million. The home was on the market for $29,975,000.
--via The Wall Street Journal, Nicolas Cage has unloaded one of his many properties. He has sold his modern mansion in Newport Beach for $35 million.
From the Wall Street Journal's Private Properties:
--Football star Terrell Owens has bought two new Dallas-area homes, a townhouse in the Eastside Lofts and a condominium in the new high-rise Azure complex. He still hasn't unloaded his home in Moorestown, New Jersey which is listed at $3.4 million, reportedly $500,000 less than he bought it for. The listing is here.
From the Real Estalker:
--The LA Times reported on indicted celebrity real estate agents Joseph Babajian and Kyle Grasso. The pair, who made millions on celeb clients were reportedly involved in complicated schemes involving straw buyers, obscenely over-valued properties and forged paper work. The pair is set to be tried in July unless a plea agreement is reached.
--Simon Fuller who owns a home in the "bird streets"area of the Hollywood Hills is reportedly quietly shopping the modern home for $8.5 million. He bought the home in February for $7.65 million.
--Fox News reports that Michael Jackson has may have found a lending institution to help him deal with his massive debt. It still seems likely that Neverland Ranch may still go into foreclosure.
--British hypnotist and author Paul McKenna has bought a home in the Hollywood Hills for $6.6 million.
--Rumor has it that celebrity hairstylist Sally Hershberger will be opening a Los Angeles outpost in the same building that houses celebrity decorator Kelly Wearstler. Hershberger's Trousdale Estates home was on the market for $6.5 million but appears to have been taken off the market.
--The estate of Howard Gittis, a wealthy businessman, has put his Palm Beach home, shown above, on the market for $23.5 million. Gittis bought the home in 2001 fro $9.95 million. The listing is here.
--Another Gittis property, his Southampton home, is on the market for $59 million.
--Lauren Conrad of the reality show, The Hills, has picked up a home in Los Angeles which was listed at $2.495 million.
--A report on a house that Brendan Fraser and soon-to-be ex-wife Afton sold for $2,995,029 back in February.
--Suzanne Somers and Alan Hamel have put their Palm Springs home on the market for $35 million. it is our estate of the day later today.
--Reality TV star Slade Smiley has reduced the price on his Coto de Caza home. It began at $1.725 million and now sits at $1.29 million. The listing is here.
--Jesse Metcalfe, who used to be on Desperate Housewives, has listed his Beachwood Canyon area home for $1.495 million. The listing is here.
--A North Haven, NY property owned by Robert W. Rust which was listed for $80 million has been pulled off the market. The real estate agent, Dolly Lenz of Prudential Douglas says she is still the agent on the property but Rust says that he is looking for another agency and renovating the property before puttingit back on the market again.
From the LA Times Hot Property:
--A home once belonging to actor Fred MacMurray in Brentwood is expected to be put on the market for around $10 million.
--A Los Feliz home once owned by Paul Winfield is now on the market for $4.7 million.