CNN's Ali Velshi Picks Up a Pad on the UWS

cityfile · 01/26/10 09:01AM

• 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 for $2.65 million back in 2008. [Cityfile]
Luke and Julie Janklow have officially closed on the sale of their West Village townhouse. The 25-foot-wide home at 16 West 12th Street, which first went on the market for $24.975 million last year, had been listed for $17.95 million when it went into contract earlier this month. It sold to developer Ara Hovnanian and his wife Rachel for $15.35 million. [NYO]
• Adriana Mnuchin, the wife of ex-banker/art impresario Bob Mnuchin, has sold a fifth-floor apartment at 956 Fifth Avenue for $7.5 million. She won't need to worry about moving, though. Mnuchin and her husband paid $20 million for a much larger apartment at 944 Fifth back in 2008. [Cityfile]

The Janklows Find a Buyer; A Big Listing at TWC

cityfile · 01/07/10 09:49AM

• 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 last year, have reportedly closed on a deal to purchase the 25-foot-wide home. The manse had been listed most recently for $17.95 million. [NYP, BHS, previously]
• Bankrupt gallery owner Larry Salander has cut $1 million off the price of his townhouse at 63 East 82nd Street. The 9,200-square-foot manse, which the alleged art swindler bought for $4.75 million in 2004, was originally listed for $25 million before it was was dropped down to $15.995 last April. It's now listed for the bargain basement price of $14.995 million. [Cityfile, LJG]
• Two neighboring units at the Time Warner Center have come on the market for a combined $57.5 million. Psychic company founder Steven Feder has put his four-bedroom, 75th-floor apartment on the market for $34.95 million (or $10.47 million more than what he paid for it in 2008). Meanwhile, his downstairs neighbor, venture capitalist Doug Von Allmen, his duplex pad on the market for $18.45 million. The apartments can be purchased separately. Or you can combine 'em for a $4.1 million premium. [NYP]

Lily Safra Sells One, Buys Another

cityfile · 12/23/09 09:40AM

• 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 $33 million to buy developer Ara Hovnanian's apartment on the 4th-floor, so she'll only be moving downstairs. [Real Deal]
• Stephen Rotella, the former president and chief operating officer of Washington Mutual, may be preparing to move back east. Earlier this year, Rotella sold his mansion in Seattle for $4.7 million; now he's paid a similar amount for an apartment in New York. Rotella and his wife, Esther, put down $4.1 million for a two-bedroom co-op at 101 Central Park West. The 2,200-square-foot apartment was first listed last year for $5.95 million. [Cityfile]
• Josh Grotstein, the CEO of the video sharing site Motionbox and a co-founder of the venture capital firm SAS Investors, is moving. He and his wife Leslie sold their apartment at 300 East 77th Street for $2.75 million. [Cityfile]

Jann Wenner Buys in Montauk; Whitney Lists in Jersey

cityfile · 10/22/09 07:56AM

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, Corcoran]
• Whitney Houston has put her New Jersey home on the market. The 12,561-square-foot manse in Mendham Township is listed for $2.5 million; her guest cottage next door is no longer available, however. [Real Estalker, CB]
• Real estate developer Ara Hovnanian may have found a buyer for his fourth-floor apartment at 820 Fifth Avenue. Five months after the co-op's board rejected Jeff Blau's $31 million offer, the board has reportedly given the go-ahead to Ken Griffin, the CEO of Chicago-based Citadel Investment Group. The hedge fund billionaire is expected to pay "just under" $35 million. [NYP]
• It looks like Katie Lee is getting the West Village townhouse as part of her split from Billy Joel. The cookbook author is paying Joel $3 million for his share of the the Perry Street home, which the couple purchased in 2005 for $5.9 million. [NYO]

A Rejection at 820 Fifth, A Sale at Trump Tower

cityfile · 05/27/09 08:06AM

• 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 million for developer Ara Hovnanian's fourth-floor apartment. But Blau and his wife Lisa were told to get lost even before they had a chance to interview (and despite an intervention by the mayor). At least they're in good company: Ron Perelman, casino mogul Steve Wynn, and oil heir Fred Koch are all past rejectees. [NYO]
• Stuart Parr—furniture designer, scenester, and boyfriend of socialite Allison Sarofim—has sold his condo at 25 Fifth Avenue for $1.35 million. [Cityfile]
• Poker champion Vadim Trincher has picked up a three-bedroom, 3,073-square-foot condo on the 63rd floor of the Trump Tower for $5 million. [P6]
• Kirsten Dunst's LA home can be yours for $1.7 million. [Real Estalker]

Mega Developer 'Quietly' Lists at 820 Fifth

cityfile · 04/22/09 08:41AM

• 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 "strongest chins, highest noses and cruelest standards." [NYO]
• Developer Louis Cappelli and his wife, actress Kylie Travis, have put their apartment at 515 Park Avenue on the market. The 6,500-square-foot, 13-room, six-bedroom spread is priced at $29.5 million. [NYO, BHS]
• New York Mortgage Trust founder Steven Schnall and his wife Sherri have put their townhouse at 2 North Moore Street back on the market. The 11,000-square-foot behemoth is now listed for $33 million. [Curbed, Real Deal]

The Friday Party Report

cityfile · 10/31/08 01:58PM

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, Jaime King, Christopher Wheeldon, Dani Stahl, Linda Wells, Mickey Boardman, Patti Scialfa, and, his dad, Narciso Rodriguez Sr. [Paper, PMc, The Daily]

The 59th and 5th Power Grid

cityfile · 07/14/08 12:08PM

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.

Ara Hovnanian

cityfile · 01/30/08 01:27PM

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.