On the Move: Julia Roberts, Cindy Sherman, and MSG

After putting her Fifth Avenue penthouse on the market over a year ago, Julia Roberts is finally closer to selling, according to the New York Post. Also, whatever happened to Lenny Kravitz buying the Duke Semans mansion? Could the ice-cream man have been wrong?

Hank Azaria dropped $4.75 million on Cindy Sherman’s Soho loft, according to the New York Times. Mr. Azaria will now bask in the downtown co-op’s “sensual elegance,” which The Real Estate last visited in July.

In the New York Times. Charles Bagli looks at the the possible move of Madison Square Garden to a location a few blocks. If built, the future home of the Knicks and Rangers would follow a familiar trend in recently-built arenas–additional luxury boxes! So the West Side Stadium gets struck down and a new MSG could rise up. It looks like those feisty Dolans knew what they were doing all along.

In New York magazine, S. Jhoanna Robledo looks at changes in the co-op approval process, like increased transparency. Also, Barnes and Noble exec Steve Riggio bought a $5.75 million Hamptons home, “according to sources.” One of those sources might have been The Observer, which already reported the deal in mid July.

Also, could mega-developer Gary Barnett and his friends at the Carlyle Group already flip part of the land they bought last June from Donald Trump? According to Crain’s, at least two bidders are interested in a $1 billion swath.

-Michael Calderone On the Move: Julia Roberts, Cindy Sherman, and MSG