The Real Estate

15 CPW ALERT! Loeb's $45 M. 'Panorama'


Daniel Loeb, the hedge-fund manager known for his gloriously acidic put-downs ("We are a bunch of scrappy guys... who enjoy outwitting pompous asses, like yourself, in financial markets globally," he wrote a would-be employee in 2005), might be lightening up. According to real estate records filed on Friday, he's finally closed on his famous $45 million penthouse at 15 Central Park West--which he bought using a cute little limited liability corporation called Panoroma on the Park.

For a man who once told a chief executive, "Do what you do best: retreat to your waterfront mansion in the Hamptons where you can play tennis and hobnob with your fellow socialites," you'd think Mr. Loeb's LLC word choice might have been more pithy. Here's another complaint about the name: Mr. Loeb reportedly has to look past Sandy Weill's $42.4 million apartment in order to see Central Park, which means his park views aren't perfectly panoramic.

On the plus side, no mortgage records were filed with the deed, which suggests that Mr. Loeb paid cash to satisfy the most expensive sales price ever on Central Park West. He'll reportedly have 10,674 square feet to himself, plus a 709-square-foot terrace.

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Comments
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Zach (not verified) says:

It's such a shame this DOG be living alone. I guess Mr. Loeb views himself as top dog and the alpha male. I'm sure most of us will be soooo thankful when he throws a few bones our way.

Doesn't this DOG realize that dogs are pack animals. Mr. Loeb should have a another dog for company and to keep him out of trouble. Lots of trouble!

Speaking of Trouble, Leona's dog Trouble is probably lonely and needs a lavish penthouse to call home. This could be a match made in doggie heaven, if there's enough room for Mr. Loeb, Mr. Loeb's ego, and Trouble. With 10,674 square-feet, I think there's more than enough room.

Anonymous (not verified) says:

I always wondered how one can find out who the principals are behind these LLC that are used to disguise real estate purchases.

Anonymous (not verified) says:

VANITY OH VANITY ALL IS VANITY.WHEN YOU WATCH THESE GUYS SELL THIER SOULS FOR THAT FLEETING MOMENT OF POWER AND PRIDE YOU HAVE TO PITY THEM.FOR IT IS ALL SO MUCH NOTHING.THEY LIVE IN THE SKY ,BUT THEY ALWAYS HAVE TO COME DOWN TO THE STREET TO FIGHT FOR THE NEXT BILLION.

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