<?xml version="1.0" encoding="UTF-8"?><?xml-stylesheet type="text/css" media="screen" href="http://s2.wp.com/wp-content/themes/vip/newyorkobserver/stylesheets/rss.css"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	xmlns:georss="http://www.georss.org/georss" xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#" xmlns:media="http://search.yahoo.com/mrss/"
	>

<channel>
	<title>Observer &#187; Private Equity: Warburg Pincus Honcho David Coulter Bets on UES Co-op</title>
	<atom:link href="http://observer.com/2012/12/private-equity-warburg-pincus-honcho-david-coulter-bets-on-ues-co-op/feed/" rel="self" type="application/rss+xml" />
	<link>http://observer.com</link>
	<description></description>
	<lastBuildDate>Fri, 24 May 2013 22:36:45 +0000</lastBuildDate>
	<language></language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.com/</generator>
<cloud domain='observer.com' port='80' path='/?rsscloud=notify' registerProcedure='' protocol='http-post' />
<image>
		<url>http://1.gravatar.com/blavatar/dac0f3722a48a53be75eb06c0c4f5119?s=96&#038;d=http%3A%2F%2Fs2.wp.com%2Fi%2Fbuttonw-com.png</url>
		<title>Observer &#187; Private Equity: Warburg Pincus Honcho David Coulter Bets on UES Co-op</title>
		<link>http://observer.com</link>
	</image>
	<atom:link rel="search" type="application/opensearchdescription+xml" href="http://observer.com/osd.xml" title="Observer" />
	<atom:link rel='hub' href='http://observer.com/?pushpress=hub'/>
		<item>
				
		<title>Private Equity: Warburg Pincus Honcho David Coulter Bets on UES Co-op</title>

		<comments>http://observer.com/2012/12/private-equity-warburg-pincus-honcho-david-coulter-bets-on-ues-co-op/#comments</comments>
		<pubDate>Mon, 03 Dec 2012 18:13:55 -0400</pubDate>
					<link>http://observer.com/2012/12/private-equity-warburg-pincus-honcho-david-coulter-bets-on-ues-co-op/</link>
			<dc:creator>Kim Velsey</dc:creator>
				
		<guid isPermaLink="false">http://observer.com/?p=279936</guid>
		<description><![CDATA[<p><div id="attachment_279951" class="wp-caption alignleft" style="width: 310px"><a href="http://observer.com/2012/12/private-equity-warburg-pincus-honcho-david-coulter-bets-on-ues-co-op/coulter1/" rel="attachment wp-att-279951"><img class="size-medium wp-image-279951" alt="All the pre-war goodies." src="http://nyoobserver.files.wordpress.com/2012/12/coulter1.jpg?w=300" height="200" width="300" /></a><p class="wp-caption-text">All the pre-war goodies.</p></div></p>
<p><strong>David A. Coulter </strong>has made some impressive deals and some not-so-stellar ones: from <a href="http://www.sfgate.com/news/article/Breaking-the-Bank-The-untold-story-of-how-David-2906079.php">a much maligned merger</a> with NationsBank when he was Bank America CEO to a turn at JP Morgan Chase. The Warburg Pincus managing director's most recent deal appears to be just so-so.</p>
<p>Mr. Coulter and wife <strong>Susan Weeks Coulter </strong>have bought a penthouse at <strong>55 East 72nd Street </strong>for what is basically the full asking price, according to city records.<!--more--></p>
<p><div id="attachment_279950" class="wp-caption alignleft" style="width: 310px"><a href="http://observer.com/2012/12/private-equity-warburg-pincus-honcho-david-coulter-bets-on-ues-co-op/coulter2/" rel="attachment wp-att-279950"><img class="size-medium wp-image-279950" alt="The terrace comes with motorized awnings, outdoor heating and sound, built-in grill, and a fully automated irrigation system." src="http://nyoobserver.files.wordpress.com/2012/12/coulter2.jpg?w=300" height="200" width="300" /></a><p class="wp-caption-text">The terrace comes with motorized awnings, outdoor heating and sound, built-in grill, and a fully automated irrigation system.</p></div></p>
<p>The San Francisco-based couple (Warburg Pincus is bi-coastally based) paid <strong>$4.692</strong> <strong>million</strong> for the two-bedroom, 2.5-bath full-floor co-op, according to city records. That's a mere $3,000 off the $4.695 million asking price.</p>
<p>Were the Coulters hasty or simply swift at snatching up the estate property belonging tothe late <strong>Lois O</strong>'<strong>Connor Robards</strong>? Robards was the widow of the late Academy Award-winning actor Jason Robards, whose ex-wife Lauren Bacall (they divorced in 1969) still lives almost directly across the park in the Dakota.</p>
<p>Estate sales either tend to be incredibly fast or slow-moving and this one, listed with Corcoran's <strong>Matthew Mackay</strong>, definitely went quickly, having hit the market in May and entered contract in August. The asking price was reasonable, given that Robards bought the six-room spread for $3.85 million back in 2004, but certainly not ridiculously cheap.</p>
<p>Still, if we are to believe the broker babble in the listing, it is unlike anything else on the market. To be fair, while the interiors are Upper East Side boilerplate, the 1,000-square-foot terrace does sound pretty exceptional, with motorized awnings, outdoor heating and sound and a built-in grill.</p>
<p>Will Mr. Coulter be spending more time in New York with this penthouse purchase? We don't know, as he declined to comment, but at least with a <em>pied-a-terre</em> he can escape the Bay Area's miserable fog once in a while.  And if he's lucky, he'll also gets full ask when it comes time to sell.</p>
<p><em>kvelsey@observer.com</em></p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_279951" class="wp-caption alignleft" style="width: 310px"><a href="http://observer.com/2012/12/private-equity-warburg-pincus-honcho-david-coulter-bets-on-ues-co-op/coulter1/" rel="attachment wp-att-279951"><img class="size-medium wp-image-279951" alt="All the pre-war goodies." src="http://nyoobserver.files.wordpress.com/2012/12/coulter1.jpg?w=300" height="200" width="300" /></a><p class="wp-caption-text">All the pre-war goodies.</p></div></p>
<p><strong>David A. Coulter </strong>has made some impressive deals and some not-so-stellar ones: from <a href="http://www.sfgate.com/news/article/Breaking-the-Bank-The-untold-story-of-how-David-2906079.php">a much maligned merger</a> with NationsBank when he was Bank America CEO to a turn at JP Morgan Chase. The Warburg Pincus managing director's most recent deal appears to be just so-so.</p>
<p>Mr. Coulter and wife <strong>Susan Weeks Coulter </strong>have bought a penthouse at <strong>55 East 72nd Street </strong>for what is basically the full asking price, according to city records.<!--more--></p>
<p><div id="attachment_279950" class="wp-caption alignleft" style="width: 310px"><a href="http://observer.com/2012/12/private-equity-warburg-pincus-honcho-david-coulter-bets-on-ues-co-op/coulter2/" rel="attachment wp-att-279950"><img class="size-medium wp-image-279950" alt="The terrace comes with motorized awnings, outdoor heating and sound, built-in grill, and a fully automated irrigation system." src="http://nyoobserver.files.wordpress.com/2012/12/coulter2.jpg?w=300" height="200" width="300" /></a><p class="wp-caption-text">The terrace comes with motorized awnings, outdoor heating and sound, built-in grill, and a fully automated irrigation system.</p></div></p>
<p>The San Francisco-based couple (Warburg Pincus is bi-coastally based) paid <strong>$4.692</strong> <strong>million</strong> for the two-bedroom, 2.5-bath full-floor co-op, according to city records. That's a mere $3,000 off the $4.695 million asking price.</p>
<p>Were the Coulters hasty or simply swift at snatching up the estate property belonging tothe late <strong>Lois O</strong>'<strong>Connor Robards</strong>? Robards was the widow of the late Academy Award-winning actor Jason Robards, whose ex-wife Lauren Bacall (they divorced in 1969) still lives almost directly across the park in the Dakota.</p>
<p>Estate sales either tend to be incredibly fast or slow-moving and this one, listed with Corcoran's <strong>Matthew Mackay</strong>, definitely went quickly, having hit the market in May and entered contract in August. The asking price was reasonable, given that Robards bought the six-room spread for $3.85 million back in 2004, but certainly not ridiculously cheap.</p>
<p>Still, if we are to believe the broker babble in the listing, it is unlike anything else on the market. To be fair, while the interiors are Upper East Side boilerplate, the 1,000-square-foot terrace does sound pretty exceptional, with motorized awnings, outdoor heating and sound and a built-in grill.</p>
<p>Will Mr. Coulter be spending more time in New York with this penthouse purchase? We don't know, as he declined to comment, but at least with a <em>pied-a-terre</em> he can escape the Bay Area's miserable fog once in a while.  And if he's lucky, he'll also gets full ask when it comes time to sell.</p>
<p><em>kvelsey@observer.com</em></p>
]]></content:encoded>
		<wfw:commentRss>http://observer.com/2012/12/private-equity-warburg-pincus-honcho-david-coulter-bets-on-ues-co-op/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:content url="http://1.gravatar.com/avatar/43304efa56123b72936b39839dd0a8a6?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">kvelseyobserver</media:title>
		</media:content>

		<media:content url="http://nyoobserver.files.wordpress.com/2012/12/coulter1.jpg?w=300" medium="image">
			<media:title type="html">All the pre-war goodies.</media:title>
		</media:content>

		<media:content url="http://nyoobserver.files.wordpress.com/2012/12/coulter2.jpg?w=300" medium="image">
			<media:title type="html">The terrace comes with motorized awnings, outdoor heating and sound, built-in grill, and a fully automated irrigation system.</media:title>
		</media:content>
	</item>
	</channel>
</rss>
