Trophy-Property Tantrums
In mid-March, private
investor Peter Knobel sold his renovated mansion at 20 East 73rd Street for $17
million. The property is spectacular-a 22-foot-wide building located on a prime
block between Fifth and Madison avenues. And Mr. Knobel invested $7 million,
putting in a wine cellar and basement basketball court. But when he got such a Read More