Apparently, Dreamworks co-founder David Geffen doesn’t take the biblical commandment “thou shalt not covet they neighbor’s house” very seriously. He’s gone ahead and purchased the 20-room duplex penthouseat 785 Fifth Avenue from his upstairs neighbor Denise Rich for a record-setting $54 million, according to The Wall Street Journal. The previous co-op record was set this spring, when Oaktree Capital Chief Howard Marks purchased the Courtney Sale Ross apartment at 740 Park for $52.5 million.
Ms. Rich listed the crazy spread for $65 million in January with Corcoran brokers Noble Black, Chazz Levi and Bonnie Pfeifer Evans, who claim that at 12,000-square-feet it is the largest apartment ever offered on Fifth Avenue (although measuring square footage in co-ops is a notoriously imprecise process). And while Ms. Rich didn’t get full ask, she got more than anyone else ever has before. And we thought that maybe the trophy hunting season was over! How many pseudo trophy listings will Ms. Rich’s enviable sale spawn?
Here’s one for the record books—or rather, a couple of them, given the people involved.
According to Page Six, David Geffen has just purchased Denise Rich‘s sprawling 12,000-square-foot penthouse at 785 Fifth Avenue for $54 million. That would, by $1.5 million, beat out Courtney Sale Ross’ long-suffering duplex at 740 Park for the new record for a co-op sale in the city were it to be true, a record that was set only two months ago.
Among the things wealthy people and big corporations are now spending less on: private jets. According to the New York Times, sales and leases of planes have taken a nosedive (heh) since the market collapsed. Just seven months ago, Ralph Lauren and David Geffen "elbowed" each other to secure a $500,000, non-transferable Read More
Is David Geffen going to buy the L.A. Times? The news comes from two blogs: Nikki Finke’s and LA Observed.
LA Observed has it from a source who has it from three sources that Geffen is interested in buying it and was close to a deal last week. Nikki Finke has it Read More
Several Web sites have already taken note of Out Magazine’s second annual Power 50 List which is, erm, out now. New York‘s Daily Intel has questioned the list’s comprehensiveness while Gawker remains obsessed with Anderson Cooper.
But reading over the entries, we wondered who was, um, out to lunch Read More
Peter Bart reports in today's L.A. editions of Variety that Viacom chief Sumner Redstone's relationship with Steven Spielberg and David Geffen is going south.
According to his report-which relies on unnamed sources-the duo could walk in 15 months if their relationship with Mr. Redstone, whose purchase of Dreamworks through Paramount was regarded as Read More
When well-tanned music mogul David Geffen paid $31.5 million in February 2006 for Governor Nelson Rockefeller’s old duplex penthouse at 810 Fifth Avenue, the deal was New York’s second-biggest co-op sale ever.
But fickle Mr. Geffen quickly shopped the 12-room apartment around, and, earlier this month, it was rumored to be selling for $34 Read More
College dropout David Geffen already has $4.6 billion (plus a song penned for him by Joni Mitchell). And, according to deeds filed today, he now has $37.5 million from alliterative Blackstone Group co-founder Pete Peterson.
The deal represents the second-biggest co-op sale in New York City history, behind only Read More
“Andrew, did you see David?” said authoress and blogger den mother Arianna Huffington to writer Andrew Sullivan as Hollywood mogul David Geffen approached. The group had coalesced outside the Hilton banquet hall as they attempted an early exit from the White House Correspondents’ Association Dinner.
“Yes! We just had sex!” Mr. Sullivan Read More
In the coming New York Times Magazine, interrogator Deborah Solomon asks Ron Burkle a few questions.
About David Geffen’s revolt against Hillary:
“… I have known David for a long time. David is very aggressive in his comments and very aggressive in his thoughts on everything.”
About whether Al Gore should run (and, remember, this Read More