Trump Trade: Cushman Sells

trumptower 1 Trump Trade: Cushman SellsIn February, Cushman & Wakefield capo John C. Cushman III and wife, Jeanine, sold their Monterey Colonial-style Pasadena manse for $3.25 million. Now, city records reveal that the commercial real estate game-changer, who moved to Los Angeles in 1967, has unloaded a 1,000-square-foot pied-a-terre in midtown’s Trump Tower for $2.6 million.

The buyer is Hillel Nahmad, patriarch of the Nahmad art-dealing nexus, who will count the acquisition of Mr. Cushman’s petite pad as his fifth apartment in the luxe skyscraper.

The apartment does not appear to have been listed, which would make sense considering that Mr. Nahmad has what one could call an “in” at the building. Some collectors amass Picassos, others aggregate a real estate portfolio, while some particularly voracious collectors trade both.

cmalle@observer.com