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• Michael Targoff, the Loral Space & Communications CEO who paid $10.25 million for a penthouse at 778 Park Avenue last year, has finally sold off his old spread—a 3,800-square-foot townhouse at 211 East 61st Street (left). The four-story manse sold for $6 million. [Cityfile]
• Houston Rockets owner Leslie Alexander has sliced $4 million off the price of his East Hampton estate. The six-bedroom mansion, which Alexander bought from Democratic lobbyist Liz Robbins for $15.45 million in early 2007, is now listed for $20.5 million. [Newsday, PDE]
• Miami real estate developer Tibor Hollo and his wife Sheila have paid $2.1 million for a 38th-floor apartment at the Trump Plaza on 61st Street. [Cityfile]