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Sunday Real Estate Round-Up


From the NY Post's Gimme Shelter:
--Last year developer Harry Macklowe spent approximately $60 million for several apartments to combine into one huge residence at the Plaza. Now he's reportedly quietly looking for someone who might want to pick up the 10,000-square-foot expanse. A similar-sized pad in the building has reportedly been floating a $100 million price tag to brokers.
--Diana Ross is re-listing her Greenwich estate, known as Quarry Farm, for the same $39.5 million price.
--Investor Chris Knight has finally sold Shorewood, the former Shelter Island estate of ex-Gov. Hugh Carey. He originally asked for $33 million after buying for $10 million but it now looks like the selling price is in the mid $12 million range.

From the NY Observer's Manhattan Transfers:
--As the Real Estalker predicted last week, Veronica Hearst is selling off her co-op at 4 East 66th Street for around $30 million.
-- Bear Stearns senior managing director Bill Bamber and his wife closed in February on their new apartment at Third Avenue around 92nd Street, paying $1,995,000 million for a new two-unit, four-bedroom condo with views of the George Washington Bridge, the Triborough, and the Jacqueline Kennedy Onassis Reservoir five weeks before the firm collapsed.
--According to city records, 23-year-old Scarlett Johansson just sold her duplex loft at 66 Leonard Street for $1,898,000, even though she paid $1,950,000 back in January 2006.

From Berg Properties Big Time Listings:
--Tony Danza has sold his five-bedroom home in Sherman Oaks area for an undisclosed price after it had been on the market for $6,150,000. It was our estate of the day last November.
--Eddie and Alex Van Halen sold their late mother's home in the Summit neighborhood in the Beverly Hills, CA postal area for $1.5 million; it was listed at $2.2 million.
--Actor Kyle Bornheimer has paid $1.25 million for a three-bedroom house in Los Feliz and has sold a home in Silver Lake for its $739,000 asking price.

From the Real Estalker:
--The charming contemporary Hollywood Hills house owned by Naomi Foner and Stephen Gyllenhaal, the parents of Jake and Maggie Gyllenhaal, has been reduced from a listing price of $4.2 million to $3.795 million. The listing is here.
--Sharon Stone has been trying to flip this Beverly Hills post office listing for a few years but now it's up for rent for $58,000 a month, the listing is here.
--Care to spend even more on a rental? The Beverly Hills home that has been rented by both Tom Cruise and Russell Crowe is now available for $100,000 a month. The listing is here.
--Rumor has it that P. Diddy is looking for a new house in Los Angeles.
--via the Globe and Mail, Rush lead guitarist Alex Lifeson has put his Toronto home on the market for $5.699 million Canadian. The listing is here.
-- via the Atlanta Journal Constitution, Atlanta Falcons owner, Home Depot co-founder and billionaire Arthur Blank has put his home on Tuxedo Road in Atlanta, shown above, on the market for $10.9 million. The listing is here.
----Ricky Martin has picked an island off the coast of Rio de Janeiro in Brazil for around $8 million. No word on which one but I'm hoping it's this former estate of the day.
--Angelina Jolie, Brad Pitt and family are in the south of France, reportedly holed up in Villa Maryland, Paul Allen's home in St. Jean Cap Ferrat.
--The Beverly Hills post office home of music mogul Ron Fair, has hit the market for $4.795 million. The property website is here.
--Actors John Ales and Wendy Gazelle have put their two-bedroom home in the Nichols Canyon area of the Hollywood Hills on the market for $1.247 million. The listing is here.

From WWD:
--Cornelia Guest is putting her historic family home Templeton in Old Westbury, N.Y., on the market for $20 million. The home is listed with Daniel Gale Sotheby's realty.

From UPI:
--Robert De Niro is planning to open a Japanese-themed condo and hotel complex in New York, Nobu Hotel. The building will ready in two to four years.

From the LA Times Hot Property:
--Actress Mel Harris has listed her home in Pacific Palisades. It's our estate of the day later today.
--Tom Arnold has listed his home in Tarzana for $2.275 million (he paid $1.95 million a couple of years ago). The property website is here.

Diddy Does Vodka

Filed under: Spirits


Don't call Sean "Diddy" Combs a celebrity endorser. He prefers the term "luxury brand builder" and his latest endeavor involves some high-end vodka. He has just signed a multiyear deal to develop Diageo PLC's superpremium Ciroc vodka. And he isn't just putting his name behind the bottle. Combs plans to be very involved in all aspects of the development, focusing on attracting the "movers and shakers" of the vodka drinking world. "They're looking for something that tastes like their lifestyle," he said. "It's that trendsetter, that hipster, someone who's looking for luxury and looking for something better." If all goes well, Comb's 50-50 share of the profits could ultimately net him more than $100 million.

What's in a Name?

A rose by any other name would still be a rose, but if you called it Elvis, you could certainly charge a lot more for it. Celebrity names and images have a lot of selling power because they provide instant recognizability; they are their own brands. Business Week determined the worth of the names of 13 celebrities. Two on the list have sold the rights to their names almost entirely, three are deceased, but still making a large amount of money annually, and the rest of the people are still building up their price tags.

  • Muhammad Ali - $63 million, sold in April of this year
  • George Foreman - $137.5 million, sold in 1999
  • Albert Einstein - $1 million annually
  • Marilyn Monroe - $1.25 million annually
  • Paris Hilton $15 million annually
  • Tiger Woods - $21 million annually
  • P Diddy - $22 million annually
  • Michael Jordon - $25 million annually
  • Jennifer Lopez - $35 million annually
  • Elvis Presley - $40 million annually
  • Elizabeth Taylor - $50 million annually
  • Donald Trump - $280 million annually

Diddy Fails To Capture The Hearts of Upscale Ladies

Filed under: Apparel

It was announced today that Sean "Diddy" Combs is discontinuing his pricey women's line "Sean by Sean Combs." Meanwhile, he has announced that he will manufacture, with G-III Apparel,  a new line "Sean John Women's" which is aimed at a younger woman with shallower pockets. It seems to me that Diddy has always tried to straddle two worlds, the luxury and the more mainstream.  This seems to have worked for his menswear but selling to women is a totally different game.


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