off the record
A man’s home may be his castle, but for Wall Street Journal readers, home is Mansion, the newspaper’s aspirationally titled Friday shelter section, which debuted last week. Because houses are all well and good, but, given the choice, aren’t mansions better?
“We all like to think of our home as a mansion, even if it is a humble abode, and we all have the license to aspire, so we have created Mansion to be the home of both aspiration and real estate realization,” WSJ managing editor Robert Thomson said in a statement announcing the launch.
The section bears a subhead with a quote from Shakespeare’s Romeo and Juliet that is uttered by the titular heroine about midway through the play.
“O, I have bought the mansion of a love, But not possess’d it,” reads the subhead.
The gracious mansion at 120 East 70th Street may be one of the “most distinguished on the most coveted block in the East 70′s” as the listing claims, but what could have happened to boost the price $7.25 million to a dizzying $35 million overnight?
It’s not exactly like people were scrambling to purchase the Read More
Lifestyles of the Rich and Famous
There’s a battle brewing over Gracie Mansion. Mayor Michael Bloomberg doesn’t live there and he doesn’t think anyone else should either.
“The mayor should not live there,” Mayor Bloomberg flatly told The Times. Mayors should sleep on their own dimes, just as he, and all other city employees do, the mayor, who has many many more dimes than most people, explained.
We’ll be the first to admit that this story has very little to do with New York real estate, except that it appeared in The Times and perhaps some of the owners’ “product” may have wound up in the homes of some of our readers at some point. Regardless, today’s Home & Garden cover story is a striking departure from the typical fare—last week, it was stuffed pets—as the Gray Lady goes inside the homes of a few Mexican drug lords. The Observer is addicted.
With all the new condos, the Financial District has been transformed in recent years into the Residential District. Yet for all the converted office buildings, with their harbor-view, full-floored penthouses, there was never quite as a grand property like 70 Broad Street.
The former American Bank Note headquarters, a five-story Neo-Grec temple to money Read More
Money, This Old House
After slashing the asking price by more than $2.6 million earlier this month, it looks like JP Morgan Chase CEO Jamie Dimon has found a buyer for his eight-bedroom, nine-bath Chicago mansion.
Crain’s Chicago Business reports that the enormous house, which has such amenities as a wine vault and a master bedroom Read More
There are worse things in the world than getting $15 million instead of $23.5 million for your parents’ ancient, scruffy Upper East Side mansion after a juicier deal falls through. (Take, for example, the penthouse triplex at 895 Park Avenue, which was once listed for $29.5 million, but went to contract this summer for around Read More