• CNN anchor and chief business correspondent Ali Velshi has picked up a new apartment on the Upper West Side. Velshi and his new wife, portfolio manager Lori Wachs, paid $1.85 million for an apartment at The Harrison at 205 West 76th Street. The couple scored a deal, too. The two-bedroom condo went on the market…
• The townhouse once occupied by Luke and Julie Janklow has finally found a buyer. The divorcing couple put the home located at 16 West 12th Street on the market nearly a year ago for $24.975 million. Now real estate developer Ara Hovnanian and his wife Rachel, who sold their sprawling co-op at 820 Fifth Avenue late…
• Lily Safra is making a move at 820 Fifth Avenue. The billionaire widow of Edmond Safra and longtime resident of the tony co-op building has sold her 12th-floor apartment for $40 million to Ken Griffin, the CEO of Chicago-based Citadel Investment Group. She won't be moving far. Property records indicate Safra paid…
• Jann Wenner and his partner, Matt Nye, will soon be moving into new digs in Montauk. The founder of Rolling Stone and publisher of Us Weekly and Men's Journal is paying $11.9 million for a 6,300-square-foot home on Old Montauk Highway. The waterfront property had been been originally listed for $14.9 million. [NYP…
A roundup of people who will be celebrating their birthdays on Friday, Saturday and Sunday is below.
• Real estate prices are plummeting and deep-pocketed buyers are hard to come by, but that hasn't changed things at 820 Fifth, the notoriously picky co-op where 89-year-old socialite Jayne Wrightsman reigns supreme. Jeff Blau, the 41-year-old president of The Related Companies, had been willing to pay a whopping $31…
• Real estate titan Ara Hovnanian and his wife Rachel have quietly listed their co-op at 820 Fifth Avenue. The 6,500-square-foot apartment, which happens to be former home of Tommy Hilfiger, can be yours for $36 million via broker Serena Boardman, provided you can pass muster with a board known for having the…
♦ Narciso Rodriguez was the man of the hour at Bergdorf Goodman last night, where he celebrated the launch of his new coffee table book with guests like Julianna Margulies (left), Jessica Alba, Linda Fargo, Reed Krakoff, Virginia Smith, Roopal Patel, Jim Gold, Isabel and Ruben Toledo, Simon Doonan, Hal Rubenstein,…
Ever wonder why the CEO at your company has a $10,000 telescope parked in the corner of his office? It's not to admire the birds. Or even to peek at the woman in the neighboring office building who changes her blouse at precisely half past five. It's to look in the offices of other CEOs, obviously.
The son of Armenian housing magnate Kevork Hovnanian, Ara is the CEO of New Jersey-based K. Hovnanian, the sixth-largest homebuilder in the U.S. His wife is social fixture Rachel Hovnanian.
