Tuesday, 29 July 2014
Last updated 8 hours ago
Apr 22 2013 | 10:52am ET
SAC Capital Advisors founder Steven Cohen is in the midst of a frenzied real-estate deal-making spree.
The hedge fund manager recently bought a $60 million East Hampton home down the block from his current Long Island getaway, and listed his Midtown Manhattan duplex for $115 million. Now comes word that he's bought the site of a failed hotel project in the West Village for $38.8 million.
The site, 145 Perry Street, at the corner of Washington Street, currently houses a freight-loading station and a two-story row of storefronts along Washington. But Cohen hasn't stopped there, buying an apartment at the Abingdon, a recently-renovated apartment building a few blocks to the north and east as he works on his Perry Street plans, the New York Post reports.
It is unclear how much Cohen paid for his Abingdon digs, but recently a 5,900-square-foot unit in the building went for $13.2 million.
The Perry Street site was purchased by Cohen's Greenwich Heights Corp. Until recently, it had been slated to house a boutique hotel and townhouses, a plan much opposed by its neighbors.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…