Richard Gere Closes in Water Mill

Richard Gere and wife Carey Lowell have closed on the sale of their home in Water Mill. The 5,500-square-foot residence set on 1.2 acres sold to Susan Boland and Kelly Granat for $5.9 million, which is about a third less than its original asking price of $8.8 million. [WSJ]
• Vicki Rosen-Solomon, the widow of private equity exec Adam Solomon, is selling her co-op at 956 Fifth. The three-bedroom apartment, which was purchased in 2002, is listed for $14.575 million. [Cityfile, Stribling]
• Suzanne Sheik, the jewelry designer and mother of Duncan Sheik, is selling her five-story UES townhouse. The 7,000-square-foot manse, which Sheik spent to years renovating, is on the market with Stribling's Barbara Evans-Butler for $17.5 million, or double what she paid for the home in 2007. [WSJ]
• Photographer Jade Albert has paid $2.595 million for a three-bedroom apartment at the Olcott at 27 West 72nd Street. [Cityfile]