Saturday, 27 December 2014
Last updated 2 days 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.