Back in the 1960s, when he was reading physics at Oxford, they used to call him Heavy Henry. The name had nothing to do with Michael Thorne‘s weighty intellect or the burden of his no-doubt substantial textbooks, but rather with his primary extra-curricular occupation: a traveling disco and light show in which he went by that name. Despite his rigorous path through academia, Mr. Thorne never lost the interest in music he developed taking piano lessons as a child, and he later became an A&R man with EMI and, eventually, a versatile record producer.
Still, in comparison to some residents of Walker Tower, at 212 West 18th Street—which reportedly include Cameron Diaz, Katie Holmes, Harrison Ford and Nicole Kidman—Mr. Thorne is no kind of heavy at all. But that did not stop him from purchasing a $9.8 million tenth-floor apartment in the building, according to city records.
Business Insider, master of the slideshow, has signed a 20,646-square-foot sublease of the entire eighth floor at 150 Fifth Avenue, The Commercial Observer has learned.
The subtenant will pay rent in the low-$50s per square foot in a deal expiring in early 2018, according to data from CompStak.
Former EMI chairman and CEO Alain Levy was apparently eager to make his 18th floor condo at the Plaza a thing of the past. He sold the one-bedroom for almost the same amount he paid for it back in 2008—handing it off for a mere $6.3 million, according to city records.
It was, apparently, time to move on. And Mr. Levy, no stranger to the winds of change, did not cling to his one-bedroom, 1.5-bath condo with its original marble mosaic patterned floors. That would be like clutching a case of CDs—or worse yet, cassette tapes—to one’s chest and pretending that the future was not here.
A few years ago, I was at a kicking Grammy Awards party in a Los Angeles mansion hosted by music company EMI, which was then in the midst of a ditched merger dance with Warner Music. As a journalist covering the merger, I was on the List, and my privileged status granted me Read More