Wednesday, 1 April 2015
Last updated 3 hours ago
Feb 5 2014 | 8:24am ET
Avenue Capital Group founder Marc Lasry isn't moving to Paris, but he is moving—to a $33 million penthouse.
And Lasry's new home, a duplex atop 55 Central Park West, is perhaps even more famous than the Hôtel de Pontalba, where Lasry would have resided as U.S. Ambassador to France. The New York landmark is known as the "Ghostbusters Building" for its role in the 1984 film.
Lasry and his wife, Cathy, got the penthouse for slightly below its asking price of $33 million. The billionaire's real-estate agent, Raphael De Niro, told The New York Times that the couple was captivated by the apartment's broad park views, high ceilings and unusually-large picture windows.
The Lasrys will not be the first boldface names to call the penthouse home: It has been owned by fashion designer Calvin Klein twice, and was most recently the property of TVT Records founder Steven Gottlieb.
Gottlieb, who bought the apartment in 1999 from Klein, poured more than $5 million into it before putting it on the market in 2012. The 5,000-square-foot pad has four bedrooms.
Lasry last year was poised to be named U.S. ambassador to France, but withdrew before he was formally nominated.
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…