• Flavio Briatore, the Italian mogul, racing car enthusiast, and Heidi Klum's baby daddy, has dropped the price of his penthouse at One Beacon Court. The 4,485-square-foot condo, which Briatore put on the market for $25 million in September 2008, is now listed for $23 million. Meanwhile, his apartment at the Plaza…

• The buyer who plunked down $9.41 million on Bernie and Ruth Madoff's oceanfront home in Montauk home has been revealed: It's billionaire real estate mogul Steve Roth and his wife, Broadway producer Daryl Roth. [WSJ]
• Alexander Navab, a partner at KKR and co-head of the firm's private equity business in North…