Embattled Exec Finds a Buyer On East 78th Street

• Frank Cassou—the general counsel and executive VP of NextWave Wireless who found himself in the hot seat when shares of the company plummeted and a wave of shareholder lawsuits followed—has gone into contract to sell his 18-foot-wide townhouse at 57 East 78th Street. The 4,600-square-foot manse, which he and his wife Gabrielle bought for $5.45 million in 2003, has been on the market for $15 million since February. [Cityfile, Sotheby's]
• A 2,890-square-foot penthouse at 285 Lafayette Street, which was acquired in 1999 by a trust in the names of Johnson & Johnson heirs Joyce Johnson and John Johnson III, has taken a $2 million haircut. The three-bedroom apartment, which is located next door to a larger penthouse that Ian Schrager is currently selling, is now priced at $10 million. [Cityfile, Real Deal, BHS]

• Depeche Mode singer Dave Gahan has sold his loft at 99 Jane Street for $4 million. Graham and his wife Jennifer will be moving to Battery Park City's Riverhouse: They paid $5.9 million for a condo there earlier this year. [NYO]
• Marc Dreier's 34th-floor condo at One Beacon Court isn't his only home going up for auction. The disgraced lawyer's two East Hampton properties—at 109 and 111 Dune Road—will go on the auction block on June 17 at 1pm. [Maltz Auctions via Real Deal]