When the Qatari Prime Minister Sheikh Hamad bin Jassim bin Jaber Al Thani snapped up 21 Beekman Place for $35 million last June, just days before he left his post as part of a regime change in which the long-ruling emir Hamad Bin Khalifa Al Thani handed power over to his 33-year-old son, we thought we had seen the end of Qatar’s real estate shopping spree. After all, the sun-flooded East River townhouse was the second that the sheikh had bought in as many years—the first being Aby Rosen’s $48.5 million townhouse at 22 East 71st—and two townhouses seemed, at least to us, a bit excessive, even for a sheikh. Especially given that Qatar and its ruling family already possess an extraordinary amount of rarefied Upper East Side square footage. Most notably, a 45,000-square mansion at 7-9 East 72nd Street, which has the distinction of being the largest single-family residence in all of New York, as well as a 28-foot townhouse at 43 East 70th and diplomatic space at UN Plaza.
Red Carpet Real Estate
Though the likelihood of an imminent American strike on Syria receded last week, nerves in the Middle East rattled on.
Hotel designer Jeff Ornstein of global interior design firm J/Brice Design was making final preparations to fly out to Daha, Qatar, to speak at an architecture conference, when on Sept. 9 he received an email Read More
If you’re trying to guess who the mysterious buyer of a townhouse is these days, it seems like a good idea to start with Qatari Prime Minister Sheikh Hamad bin Jassim bin Jaber Al Thani.
Yesterday, The Observer broke the news that the Ellen Biddle Shipman mansion at 21 Beekman Place, listed with Brown Harris Steven’s Paula Del Nunzio, had sold for $35 million—with all the furnishings included. And now The Post is claiming that the buyer is none other than the real estate mad sheikh himself, who just bought Aby Rosen’s $47 million townhouse at 22 East 71st Street.
European Central Bank President Mario Draghi won wide support from his board for a plan to buy the sovereign debt of euro zone countries. Rates on Spanish 10-year bonds promptly fell to levels last seen in May, and the corresponding Italian bond fell to its lowest since April.
LightSquared, the wireless broadband company backed by Harbinger Capital founder Phil Falcone, is battling with creditors over control of the firm’s bankruptcy, according to Bloomberg. LightSquared has asked a judge to extend a deadline to file a Chapter 11 plan; the creditors say, “Having nothing to lose, Mr. Falcone wants to pursue a high-risk, high-return strategy.”
Lies and Rumors
IKB Deutsche Industriebank AG is suing everybody, or at least it seems that way: the German lender is suing Citigroup and Goldman Sachs over losses of $137.4 million and $73.2 million, respectively, on mortgage-backed securities. In May, the Dusseldorf-based lender sued Bank of America over losses of more than $200 million Read More
The Qatari Prime Minister, despite being everyone’s favorite character in the drama of the New York’s luxury real estate market, is not the buyer of the $90 million penthouse at One57, according to Gary Barnett.
Mr. Barnett, the president of Extell Development, told The Wall Street Journal that the rumors, though rampant, were false.
“We’re looking at embedding reporters, we’re looking at new and interesting camera angles,” Jim Wilkinson said recently in the quick, confidential drawl reporters got used to at the U.S. Central Command in Doha, Qatar. But while the Republican operative spent much of the year in desert camouflage as General Tommy Franks’ director of strategic Read More
1. “This is the No. 1 selling product on the first floor!”
2. “It’s made on an olive farm in Athens!”
3. “The ‘dark’ shade would be for people of, you know, I guess, ethnic descent?”
4. “This isn’t a powder; it’s a mineral in powder form. So it’s a powder, but it’s Read More
Just as the New York Academy of Sciences was poised to
accept a $27 million bid for its mansion on East 63rd Street off of Fifth
Avenue, that offer-from the Emir of Qatar, Sheikh Hamad
bin Khalifa al-Thani-was
rescinded in early October.
The Emir, the highest official of the nation of Qatar, has
come Read More