Monday, 30 November 2015
Last updated 1 hour ago
Feb 12 2014 | 10:18am ET
Mark Sonnino's Satellite Asset Management hedge fund went under almost five years ago, but he's still dealing—in Manhattan real estate.
Sonnino has bought a six-story building in Chelsea for $27 million. The deal comes just two months after he sold his home on Duane Street, in Tribeca, for $43 million.
Sonnino paid cash for the 41,000-square-foot office building, which is fully leased to creative tenants, including an art gallery and a hand-crafted furniture showroom. But rents in the building are far below market rate, according to Massey Knakal Realty, which represented the seller.
The building, built in 1891, is one West 25th Street, between 10th and 11th avenues.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…