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New York Observer publisher purchases 700 Broadway for $80 million

Oh, to be 26 years old and rich. Jared Kushner, the son of New Jersey real estate developer Charles Kushner, has just purchased the 100,000-square foot building at 70 Broadway, which he bought for $80 million from Lincoln Property Co. The building had previously been purchased in 2006 from The Society for $53 million. Without […]
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Celebrity Living: Tommy Hilfiger

Tommy Hilfiger: Greenwich, Connecticut Hilfiger is an American fashion designer and creator of the brands “Tommy” and “Tommy Hilfiger” brands.
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Def Jam’s Russell Simmons buys wife’s share in penthouse near Ground Zero

Russell Simmons, the co-founder of Def Jam records and the creator of the Phat Farm clothing line, has purchased his estranged wife’s share in a luxury duplex the couple had owned at 114 Liberty Street, which is across the street from the World Trade Center site. The home, which was featured on MTV’s “Cribs” before […]
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Former NFL running back Curtis Martin backs out of house deal

Retired NFL running back Curtis Martin has reportedly backed out of a deal to purchase the most expensive apartment in Brooklyn, New York. Martin, a former New York Jets star who ranks among the top five in career rushing yards, was apparently set to purchase a triplex penthouse apartment at One Brooklyn Bridge Park (1 […]
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National Association of Realtors says market on verge of stabilizing

Following nine consecutive months of downward revisions, the National Association of Realtors announced Monday that its newest monthly forecast is indeed a positive one, though several other groups are more pessimistic regarding the real estate market’s near future. Forecast sales in 2008 are expected at approximately 5.7 million homes, following the 2007 year, when home […]
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Estate of the Day: Deering Bay

Watch Yachts sail by and golfers tee off from this exquisite home in Deering Bay. Exquisite Builder’s Residence, Chef’s kitchen, adjacent family room with built-in wet bar, wood floors, lavish Master Suite, Grand foyer and Staircase, high ceilings. Library/Study, maid’s quarters, 3 car garage with additional space for one golf cart. Heated Pool and spa […]
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Former NFL great Jerry Rice’s mansion is quite a catch

Normally when it comes to football, the phrase “$22 million” probably applies to the signing bonus of an NFL contract. Now, the NFL’s millionaires (or perhaps even a less athletically-inclined big wig) have something lavish to spend their checks on: future Hall of Famer Jerry Rice’s palacial mansion in Atherton, California. At $22 million, this […]
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Walt Disney’s private pad to open to the public?

We hear the same refrain so often – “location, location, location” – and for some, admittedly mostly the kiddies, there may be no better location that Disneyland. It should be no surprise then, that the man himself, Walt Disney, actually lived in a 500-square-foot apartment, complete with Victorian decorations and red crushed carpet (hey, tastes […]
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Celebrity Living: Frank & Kathy Lee Gifford

Frank & Kathy Lee Gifford: Riverside, Connecticut Frank Gifford is a former professional football player & a current sports commentator. Kathy Lee Gifford is a playwright, singer-songwriter, & actress, famous for her 15 year stretch on the television talk show “Live with Regis and Kathie Lee” Via Virtual Globetrotting
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Material Girl files suit against Co-op board

Tis the season to be jolly, yet jolly Madonna is not, thanks to a verbal skirmish with the co-op board at her Central Park West apartment building. Madonna, who was inducted into the Rock and Roll Hall of Fame in September, is suing for breach of contract, breach of fiduciary duty, and injunctive relief. The […]
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Kanye West’s West-Coast mansion appears to be sold

Hip-hop artist/producer Kanye West, who on Friday morning received eight Grammy nominations (the most of any nominee this year), appears on the verge of quite another impressive accomplishment. West, 30, is near a deal to sell his six-bedroom Beverly Hills home, listed at $8,699,000, just eight months after he purchased it. If the deal in […]
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Britney Spears house hunts in pink wig with big wig

There are three questions Britney Spears fans are asking after seeing the former poptart out on the town: Why is she wearing a pink wig? Who is that guy she’s with? Where is she looking to move? The answer to the first question we’ll probably never know, other than that Britney is probably still rocking […]
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Mikimoto million-dollar necklace is a real pearl

If you’re looking for the perfect holiday gift, you can never go wrong with pearls. And, for your special someone, and we REALLY mean special, there may be no better gift than a one-of-a-kind, $1 million Mikimoto pearl necklace. The strand features South Sea cultured pearls – all of which are AAA quality – and […]
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Wall Street investors, feast your eyes on these bonus properties

According to Matt Woolsey of Forbes, managing partners at Wall Street firms are likely to pull in end-of-year bonuses ranging from $2 million to $50 million, and, naturally, it only makes sense for these power players to spend their hard-earned cash on some of the United States’ most impressive trophy homes. The $21.5 billion in […]
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Estate of the Day: Miami Beach

A brand new waterfront estate on private La Gorce Island. 50,000 Sq.Ft. Lot. 260 Feet of protected waterfrontage with open bay and no fixed bridges. 2-Story main house with 7 bedrooms and 10 1/2 baths at approximately 16,000 sq.ft. Features rooftop terrace, commercial elevator, state-of-the-art kitchen, heated lap pool and spa, 5 car garage, impact […]
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Celebrity Living: Vanessa Williams

Vanessa Williams: Chappaqua, New York Williams is an American Grammy, Emmy, and Tony award winning singer, songwriter, and actress. Williams made history on September 17, 1983 when she became the first African American woman to be crowned Miss America.  Via Virtual Globetrotting

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