Saturday, 28 March 2015
Last updated 1 day 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…