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	<title>Observer &#187; Extra! Extra! New AP Chief Gary Pruitt Heds To $4.3 M. Tribeca Pad  </title>
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		<title>Observer &#187; Extra! Extra! New AP Chief Gary Pruitt Heds To $4.3 M. Tribeca Pad  </title>
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		<title>Extra! Extra! New AP Chief Gary Pruitt Heds To $4.3 M. Tribeca Pad</title>

		<comments>http://observer.com/2012/06/extra-extra-new-ap-chief-gary-pruitt-heds-to-4-3-m-tribeca-pad/#comments</comments>
		<pubDate>Thu, 07 Jun 2012 18:53:25 -0400</pubDate>
					<link>http://observer.com/2012/06/extra-extra-new-ap-chief-gary-pruitt-heds-to-4-3-m-tribeca-pad/</link>
			<dc:creator>Kim Velsey</dc:creator>
				
		<guid isPermaLink="false">http://observer.com/?p=244847</guid>
		<description><![CDATA[<p>Taking the top post at the Associated Press isn't <strong>Gary Pruitt's</strong> only big move—he's also inked a deal on a 3-bedroom Tribeca condo.</p>
<p>Mr. Pruitt and wife <strong>Abby</strong> are leaving Sacramento and McClatchy behind for an airy space at <strong>101 Warren Street</strong>. The Pruitts plunked down <strong>$4.3 million </strong>for the pad, a little over the $4.29 million ask, according to city records. The couple signed the contract just two days before AP broke the news of his hire in March.</p>
<p>The apartment, which has been on the market since late last year, has taken a price cut since it was initially listed with Corcoran broker <strong>Heather Cook</strong>, so we're not sure why the couple was willing to pay over ask. Maybe another late-on-the-scene buyer materialized and Mr. Pruitt was afraid of getting scooped?<!--more--></p>
<p>In any event, seller <strong>Lawrence Madden</strong> must be delighted. He bought the condo for $3.2 million in 2009. But then, Manhattan real estate, unlike news organizations, has been reliably accruing value these last few decades.</p>
<p>After years of overseeing newsrooms, Mr. Pruitt has opted for a familiar, open-concept layout or "a generosity of space, light and genuine flow," that could comfortably host a small bullpen.</p>
<p>And we're sure Mr. Pruitt will appreciate the apartment's luxuries as he settles into his new gig: a Kohler Tea for Two soaking tub, a kitchen with Subzero and Miele appliances and floor-to-ceiling windows. Breaking the news can be stressful! There's also a Whole Foods and Soul Cycle in the building, so he'll be able to get all his essentials after late nights at the office.</p>
<p><em>kvelsey@observer.com</em></p>
]]></description>
		<content:encoded><![CDATA[<p>Taking the top post at the Associated Press isn't <strong>Gary Pruitt's</strong> only big move—he's also inked a deal on a 3-bedroom Tribeca condo.</p>
<p>Mr. Pruitt and wife <strong>Abby</strong> are leaving Sacramento and McClatchy behind for an airy space at <strong>101 Warren Street</strong>. The Pruitts plunked down <strong>$4.3 million </strong>for the pad, a little over the $4.29 million ask, according to city records. The couple signed the contract just two days before AP broke the news of his hire in March.</p>
<p>The apartment, which has been on the market since late last year, has taken a price cut since it was initially listed with Corcoran broker <strong>Heather Cook</strong>, so we're not sure why the couple was willing to pay over ask. Maybe another late-on-the-scene buyer materialized and Mr. Pruitt was afraid of getting scooped?<!--more--></p>
<p>In any event, seller <strong>Lawrence Madden</strong> must be delighted. He bought the condo for $3.2 million in 2009. But then, Manhattan real estate, unlike news organizations, has been reliably accruing value these last few decades.</p>
<p>After years of overseeing newsrooms, Mr. Pruitt has opted for a familiar, open-concept layout or "a generosity of space, light and genuine flow," that could comfortably host a small bullpen.</p>
<p>And we're sure Mr. Pruitt will appreciate the apartment's luxuries as he settles into his new gig: a Kohler Tea for Two soaking tub, a kitchen with Subzero and Miele appliances and floor-to-ceiling windows. Breaking the news can be stressful! There's also a Whole Foods and Soul Cycle in the building, so he'll be able to get all his essentials after late nights at the office.</p>
<p><em>kvelsey@observer.com</em></p>
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