Deborah Grubman

Lachlan Murdoch Selling on Spring Street

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Media scion Lachlan Murdoch has now found a buyer for his (unfinished) $14.75 residence in Nolita, according to the Corcoran Group website. Corcoran broker Brooks Nicholson confirmed that a contract was signed on June 29th for the five-story, brick building at 11 Spring Street, but could not discuss the sale price.

Back in Sept. 2003, Mr. Lachlan dropped $5.25 million on 14,000-square-foot building that served as a horse stable in the late 19th century. However, Mr. Murdoch's plans for extensive renovations were never fulfilled--especially since his public split with Rupert, and subsequent flight back to Australia.

As Mr. Murdoch told The West Australian newspaper last May:

"We were going to build what would have been the best family home in New York City," Murdoch said. "And yet we'd much prefer to raise our family in Sydney. We've been here some months now and we couldn't be happier with the decision. It is hard (to sell) and we are in no rush. But it's on the market and we're not moving back to New York."

Both Deborah Grubman and Carol Cohen, of the Corcoran Group, also have the listing with Mr. Nicholson. Ms. Grubman--who is also Rupert's broker--could not be immediately reached for comment.  read more »

- Michael Calderone

Lachlan Just Says No to Nolita

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Is this a rendering?
William Neuman may have skipped out on the Big Deal this past weekend, but he has now uncovered the listing for one of downtown's most talked about buildings.

Lachlan Murdoch's epic project to transform a five-story, former stable building into his palatial residence is not happening. Mr. Murdoch is offering the 14,300-square-foot building--which he paid $5.25 million for in September 2003--for $14.75 million, listed with high-end Corcoran brokers, Deborah Grubman and Carol Cohen.

Although Lachlan and his father, Rupert, parted ways last year, they might have more in common than they think to bridge that generational divide. Ms Grubman and Ms. Cohen sold Rupert's Soho spread last year to Elie Tahari.

Like father, like son.  read more »

- Michael Calderone

The Hard Sell

The estate of banking tycoon Arthur Altschul is pulling no punches in its efforts to sell the family  read more »

The Giddy Divorcee: P.R. Kid Grubman Unloads Ex's Condo

AT 30, SHE SELLS HONEYMOON SUITE, GRABS $2.1 MILLION DUPLEX Who knew Lizzie Grubman was a divorcée?  read more »