Country singer Kenny Chesney becomes the latest star with a clothing line. Chesney's line, Blue Chair Bay will launch September 1 at the MAGIC Marketplace clothing trade show in Las Vegas on September 1. Chesney's line will include clothing for men and women that reflects his casual, beach-centered lifestyle with items like woven shirts, khakis, shorts and T-shirts in soft colors that look well worn. Prices will be low, a t-shirt will run $35, khakis will be $72. Blue Chair Bay hats are already available at J.C. Penney for around $60. Chesney's line will be exhibited at the show in a vintage Airstream trailer and he will also perform a small invitation-only concert at the Hard Rock Hotel on September 1. As we've mentioned previously, he also has a rum project in the works set to launch next year.

From the LA Times Hot Property:
--Software tycoon John McAfee has lowered the price on his Molokai, Hawaii, home to $3.7 million from $4.9 million. The four-bedroom home, shown above, is newly constructed and sits on 5.3 ocean-front acres. The listing is here.I'm hoping he has better luck than he did with the sale of his Colorado home.
--Fashion designer Yael Aflalo who is behind the Ya-Ya fashion line has cut the price on her Hollywood Hills home to $3.95 million. The 1930s home which once belonged to John Barrymore was listed at $4.95 million when it was our estate of the day last summer.
--Jeweler Michael Beaudry has listed his Beverly Hills home for $13.5 million. The listing is here.
The owners of the Mystery Bookstore in Westwood have put their six-bedroom home in the Holmby Hills area on the market for $5.9 million. The listing is here.

From the NY Post:
Infamous swindler Bernie Madoff's penthouse apartment, where he currently is under house arrest, may soon be on the market. The apartment could be priced at up to $8 million.

From the NY Post's Gimme Shelter:
--Aberdeen Townhomes has created a set of landmarked townhouses with condo-like amenities in New York City priced between $7.5 million to $15.9 million. The interior space ranges from around 3,500 square feet to 8,100 square feet, with four to six bedrooms and have remote door-answering services, concierges, automated security systems, climate-controlled package rooms and building maintenance.

From the Wall Street Journal's Private Properties:
--Two years ago former Democratic presidential hopeful John Edwards sold his Washington home for $5.2 million, its current owners are trying to sell it, renovated, for almost twice as much. The home is listed at $9.95 million.
--Hollywood producer Brian Grazer has his taken his Pacific Palisades home off the market. It was listed at $27.5 million.
--Nicolas Cage has cut the price on his Bel Air home. We'll check it out as an estate of the day later today.
--Drew Bledsoe has cut the price on his Westlake, Texas home to $1.625 million, slightly less than the $1.7 million he paid for it new in 2005. The listing is here and says that the seller will buy the purchaser a membership to the development's golf club on closing.

Next up in the celebrity liquor game, country star Kenny Chesney. Chesney is partnering with Constellation Spirits to create a new premium rum. The rum isn't set to come out until the first quarter of 2010 and it won't be branded with Chesney's name. He will however play a role in marketing and developing the rum. It will be advertised at his shows and Chesney may even work it into a song. Rum is considered a natural fit for Chesney since he spends a lot of time in the Virgin Islands and many of his songs have a beachy feel.

From the NY Post's Gimme Shelter:
--Real-estate developer Rodney Propp, who was reported as the buyer of "Old Trees" estate in Southampton listed at $48 million, didn't take possession of the property. He switched his his executed sales contract to hedge-fund manager John Paulson for approximately $39 million. According to the Wall Street Journal's Private Properties, John Paulson has put his Southampton home on the market for $19.5 million. The listing for the home which has a year-round pool is here.
--Leonardo DiCaprio who last year picked up a penthouse apartment at the Hudson Blue condominium project in the West Village for just under $3 million is now reported to be buying a pad in an environmentally friendly building, The Riverhouse in Battery Park City. Hudson Blue developer Michael Yanko, the CEO of Horizen Global, will be selling the entire 12-story, 24-foot-wide building in one fell swoop. He says he has a buyer but has listed the building, shown above, for $21 million with Sotheby's as a back-up.
--Gisele Bundchen has just pulled her West Village penthouse apartment off the market. She isted the two-bedroom condo in September for $10.9 million and eventually dropped the price to $7.9 million but still found no takers.
--It looks like the co-op board members at the River House apartment building gave the thumbs down for Elyse Kroll as buyer for Marty Richard's splendid duplex residence. The "in contract" banner on the Brown Harris Stevens Web site has been replaced with the words "new listing." The old price remains, it is listed at $22.7 million.

From the NY Observer's Manhattan Transfers:
--A Tribeca home has become the most expensive listing in the neighborhood at $35 million. The house at 2 North Moore Street is pirced at $29,425,000 more than mortgage executive Steve Schnall and wife Sherri paid for the property just three years ago.The Schnalls built a new six-story building on the site, and connected it with a former bar, a two-story landmark building. The listing is here.
--Slim-Fast founder and philanthropist S. Daniel Abraham's family paid $13.3 million for two apartments at the East 65th Street condo tower Bristol Plaza (one came in April 2005, the other in April 2006), and sold them both off for just $14 million last month. Not much of an investment. The Abrahams' listing with Corcoran had been for $17.5 million.
-- Robert and Cortney Novogratz buy rundown houses and renovate them. Their latest listing, their house at 5 Centre Market Place, which they purchased in June 2004 for $1,512,000, and have now listed for $18 million. 5 Centre, a former gun shop, is a contemporary beauty with one cool feature, an outdoor basketball court encased in a steel mesh dome built in Switzerland. The listing is here.
Bono and his wife Ali Hewson have sold their Central Park West apartment at the El Dorado for $4.9 million. He first bought the place for $3.4 million, but left it five years ago for Steve Jobs' old apartment at the San Remo down the block.

From the Wall Street Journal's Private Properties:
--Italian businessman Luigi Zunino, who is in contract to buy an apartment at New York's Plaza condominium, is already trying to find someone to pay $100 million for it.
--Two months after listing it at $16.8 million, the owner of Meryl Streep's former New York City town house has dropped the price to $13.85 million. This makes more sense considering that the investor bought it last fall for $12.85 million. The listing is here.
--The Key Largo, Fla., home of the General Electric aviation executive Brian Rowe, who died in February at age 75, is on the market for $18.9 million. The listing is here.
--Disgraced art dealer Lawrence Salander is in negotiations to list his Millbrook, N.Y., second home for $6.2 million. Salander, once one of New York's most prestigious art-world figures, is now said to owe tens of millions of dollars for failing to pay clients for works he sold on consignment and other improprieties. He filed Chapter 11 in November. He has listed his six-story townhouse on Manhattan's Upper East Side for $25 million. Check out the listing here.

From Berg Properties Big Time Listings:
--It turns out that last week's report of Nicole Kidman buying in Brentwood was not true. She is still house hunting in Los Angeles.
--Musician, songwriter and producer Dr. Luke has paid $4,690,000 for a Spanish-style house in the Hollywood Hills.
--Country singer-songwriter Lucinda Williams has paid $1,512,500 for a home in the Studio City area.
--Country singer Kenny Chesney has paid $7,400,000 for house in Malibu back in February and just two days after it was reported by Big Time Listings, it was back on the market. It is listed at $7.95 million.
--Actress Jane Sibbett has cut the asking price of her 16.96-acre ranch in Los Angeles County's unincorporated Topanga area from $7 million to $5.2 million. It's our estate of the day later today.

From the LA Times Hot Property:
A fond farewell and best wishes to Ruth Ryon, the grand dame of Los Angeles real estate gossip who is retiring from the LA Times. She is the woman who made all this real estate obsession part of our daily life, we wish her many grand adventures and good luck on writing her book. A warm hello to Ann Brenoff who is taking over and who has already started working bringing in the L.A. real estate gossip all week long.
-- Gov. Arnold Schwarzenegger and his wife, Maria Shriver, have bought a 25-acre tract of land in the Rancho Monte Alegre project in Santa Barbara County for around $4.7 million.
--Celebrity hair stylist Ken Paves has purchased a home in Beverly Hills for nearly $2 million.
--Former U.S. Secretary of State Warren Christopher and his wife Marie have purchased a two-bedroom condo in Century City. Christopher's charming farmhouse-style home in the Beverly Hills Post Office area is listed at $3,259,000. Check out the virtual tour here.
--Angelina Jolie's body double, Kate Clarke, has put her adorable two-bedroom bungalow in Silver Lake on the market for $724,000. The property website is here.
--Frankie Muniz joins the celebrity crowd at the turquoise Art Deco Eastern Columbia building. He has reserved a two-bedroom, 2,900-square-foot loft at close to $2.9 million. Other celeb buyers in the building include Johnny Depp and John Stamos.
--The listings for the Palm Springs homes of author Sidney Sheldon, one at $6.45 million, one at $3.995 million and one at $1.45 million now have a smattering of pictures. Check them out at the site of one of the three listing agents, Brook Astley, here.



From the Real Estalker:
--Matthew Perry has picked up a gorgeous three-bedroom contemporary-style house in the Hollywood Hills that had been on the market for $4,500,000.
--Boston Red Sox player Curt Schilling has listed his Medfield, Massachusetts home for $8 million.