Clocktower Closes

The Clocktower at 1 Madison Avenue officially belongs to Lev Leviev.

The building went to contract for $200 million in May to Leviev's Africa Israel, which purchased it from SL Green, Aby Rosen's RFR Holding and Ian Schrager.

Now, thanks to public records, we see that the turnaround on the deal was lightning fast. Read More

Lev Leviev: What Doesn’t He Own?

"Lev Leviev is an incredible visionary," Thierry Chaunu, president of Leviev Diamonds, told The Observer. "I mean, he built an empire in 30 years!"

Mr. Chaunu is in New York to tout Mr. Leviev's new retail diamond store opening at 700 Madison Avenue on Oct. 15. The store will cater to the "young hedge Read More

Times Building Sells (Again!) For $525 M.

That was fast. Less than three weeks after it came on the market, the soon-to-be old headquarters of The New York Times will be sold for $525 million – triple what the New York Times Company sold it for three years ago.

 

Africa Israel, a company owned by the Uzbeki-born Israeli billionaire Lev Leviev, is Read More

Apthorp Going Condo In Record Deal

Good-bye to all that: The Apthorp, one of the most coveted and romanticized rental buildings in New York City, will be converted into condos, according to The Wall Street Journal. Israeli billionaire Lev Leviev bought a 50 percent stake in the 163-unit building at 2207 Broadway in a $426 million deal that closed on Read More

Wednesday: Tycoons Divorce, Rothko Dies, Times’ Key is Born

  • The polish immigrant who confessed to triggering the city’s biggest fire since 9/11–the blaze that consumed historic Brooklyn waterfront warehouses–may be an innocent man. “It would have been impossible for him to have started that fire,” swears his boss, upstate in scenic Pond Eddy. “Because he was here, working for me.” (New York Daily Read More

  • Weekend Roundup: Diamond Tycoons, Drew Barrymore, and the G Train


    Although the Plaza’s new ceiling is certainly newsworthy, what’s more exciting is that the state attorney general’s office just approved the conversion plan, which had been expected about two months ago. The Speaking of downtown luxury condos, Bruce Willis is heading for a penthouse at Cipriani’s 55 Wall Street for $10 million, Read More