– 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
In the late 17th and early 18th centuries, the Gobelins manufactory wove tapestries for Louis XIV, the absolutist French ruler, who espoused the theory of the divine right of kings. According to that theory, dauphins were not merely born lucky onto plush velvet thrones of ungodly wealth and power. No, they actually carried the mark, Read More
The growth of tent settlements in California and elsewhere is one of the saddest developments in this season of sadness. As President Barack Obama recently observed, “It is not acceptable for children and families to be without a roof over their heads in a country as wealthy as ours.” Here in New York City successive Read More
Perhaps taking a cue from rocker Lenny Kravitz-who recently slashed $1 million off the asking price of his 6,000-square-foot Crosby Street triplex-Benny Shabtai, the president and owner of Raymond Weil U.S.A., now wants $2 million less for his 11,000-square-foot Park Avenue townhouse than he was asking when he listed it in March. Mr. Shabtai had Read More
Benny Shabtai, the president and owner of Raymond Weil U.S.A., the U.S. division of venerated Swiss luxury watch brand headquartered in Geneva, has decided to cash out of his opulent townhouse at 870 Park Avenue, which had been remodeled by the famed architect Robert A.M. Stern. On Feb. 25, Mr. Shabtai listed the 11,000-square-foot townhouse, Read More
Andrew Cuomo has pulled the plug on his troubled candidacy for Governor. By doing so, he has committed one last mistake in a season of unforced errors. Having entered the race, he was obliged-to his supporters, to his financial backers, to tradition-to finish the course, even though (as was becoming clear) he was destined to Read More
HOUSE LEONARD STERN “BUILT” SNAGGED BY SWISS WATCH PREZ There’s really nothing Park Avenue about it: a four-story private house that started out as a stable, was modernized in 1976 by Robert A.M. Stern and John S. Hagmann and was rebuilt internally by the condominium king of architects, Costas Kondylis, after a fire in 1992. Read More
When Credit Suisse First Boston Corporation snatched one of Manhattan’s prime development spots away from Harry Macklowe last summer, forcing the black-hat developer to his knees beneath a debt of nearly $300 million, the bankers made just one mistake.
They left Mr. Macklowe a toehold.
Now the bank, which agreed months ago to sell Read More