Completed in 1930, 101 Central Park West is about as famous as the Gershwins’ most famous productions. And for the past three decades, it’s also been home to Marc Gershwin, the son of George and Ira’s brother Arthur. The songwriters’ less-well-known brother was, according to his son, a minor composer who “had the misfortune to be the brother of a dead genius.”
When Mr. Gershwin took over trusteeship of the famous Gershwin music trove—estimated to bring in $5 to $10 million a year—he told The Telegraph that “it was not being well minded: Ira had been very passive and trusted everyone.” Mr. Gershwin has been warier, turning down an all-white Finnish version as well as a more insidious apartheid-era South African production of Porgy and Bess. (That said, they haven’t been as faithful to the original productions as Stephen Sondheim would have liked—he penned a sneering and sarcastic letter to The New York Times decrying a recent adaptation of George Gershwin’s operatic magnum opus.)
The Wall Street Journal once said of Jeffrey Aronson‘s Centerbridge Partners that its investment strategy“might well be termed one of extreme restraint.” The same cannot be said for his new Manhattan home, a massive co-op overlooking Central Park.
Mr. Aronson is known for his skill in investing in distressed assets, and he has frequently plays a waiting game, rather than get caught up in a bidding war or a bad investment. Too bad he did not pounce on this ninth-floor co-op at 101 Central Park West when it came on the market for two weeks in April of 2009. At the time it was asking $11.5 million, but Mr. Aronson and his wife Shari wound up paying $13.075 million instead, according to city records.
Finally some good news for Georgina Bloomberg.
After taking a spill from her horse and being dumped by her boyfriend while bedridden, the mayor’s younger daughter has just bought a new apartment, according to The Times.
Ms. Bloomberg has landed at 101 Central Park West, the stately 1930 neighbor to the twin-turreted Read More
– Edwin C. Cohen, son of Nixon Treasury Secretary Edwin S. Cohen, snipped the price on his Central Park West coop last year to $10.75 million, just below the $11 million he paid for his pad in 2006. Well, take another million off that, as the General Atlantic boss has sold his 101 Central Read More