Friday, 27 March 2015
Last updated 3 hours ago
May 22 2014 | 10:25am ET
Brooklyn, N.Y., has become among the hottest residential address in the country. One hedge fund manager wants to see just how hot.
Cadogan Management’s Stuart Leaf and his wife are seeking $32 million for an 11,000-square-foot penthouse on the Brooklyn Heights waterfront. The Leafs paid just over $6 million for what were originally three units atop One Brooklyn Bridge Park in 2010.
The Leafs then combined the apartments into a sprawling 14-room spread, with panoramic views of lower Manhattan, Brooklyn Bridge Park and the Statue of Liberty. The home has six bedrooms, six bathrooms, a private terrace, home theater, gym with climbing wall and wine cellar.
If the Leafs get what they’re asking, it will be nearly triple the current Brooklyn record, set in 2012 by the Brooklyn Heights home formerly occupied by author Truman Capote, which fetched $12.5 million.
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…