Richard McWilliam

Reed Krakoff, president of the fashion-accessories giant Coach, has found a buyer for his $14.995 mi  read more »

Paul Goldberger called it "a graceless, sloppy, cheap entertainment and office complex that would be an insult to an empty site in the middle of nowhere." So who wants to save Penn Station?

It has been noted here before that the New York Times loves the term “McMansion.” However, Jon Gertner’s excellent magazine piece is an welcome exception to the typical use of the term. Mr. Gertner follows the buying of land, and rampant building of McMansions, err Estate Homes, throughout the country. Only 10 years or so until New Jersey is completely built up.

Upper Deck CEO Richard McWilliam is attempting a $15 million flip on Central Park South, according to the New York Times. Interesting, but haven’t we heard this news somewhere before.

Ivan Reitman will be checking into the Sherry-Netherland Hotel for $30,000 a month, and Carlos Beltran recently dropped $4 million on a Grand Beekman condo, according to the New York Post. Also, Russell Simmons has slashed his asking price down to $8.2 million, but I think we’ve heard that news before, too.  read more »

The New York Post gets bubble wrapped, and finds broker and buyers speculating about the much-discussed stats gleaned from the 3rd quarter market reports. While almost every market-related piece analyzes the drop in average sales price, there are plenty of other points worthy of consideration. Finally: hipster pharmacies.

-Michael Calderone

New Yorkers woke up to some dire real estate news today (scroll a couple posts down for a recap). But that isn’t stopping one condo-owner from trying to pull off a $15 million flip!

In August 2004, Upper Deck chief Richard P. McWilliam reportedly paid $20.8 million for this 9,455-square-foot apartment. (At the time, it was lingering on the market with a $28 million price tag). Mr. McWilliam's spread takes up the entire 23rd floor of the Ritz-Carlton Hotel.

Despite market reports and bleak headlines, the lavish apartment has just landed on the market for $35 million, listed with Heide Mamouris of Prudential Douglas Elliman.

Your move, housing bubble.  read more »

-Michael Calderone