HoopsHype Real Estate rumors

June 20, 2014 Updates

Kevin Garnett of the Brooklyn Nets has sold his home in Concord, Mass., for $3.635 million. The veteran NBA forward-center paid $4.625 million for the modern home in September 2007 after being dealt by the Minnesota Timberwolves to the Boston Celtics. He listed the property for sale in October 2013 following an off-season trade that sent him from Boston to Brooklyn with Paul Pierce and others. Los Angeles Times

June 18, 2014 Updates
June 8, 2014 Updates

Shaquille O'Neal is on the giving end of a huge real estate deal ... ya feel? TMZ Sports has obtained official documents which show Shaq recently sold a 3,904 square foot home near Orlando, FL to a man named Yves Paul Demesmin for a cool TEN DOLLARS. Seriously. Shaq signed the trustee's deed -- which was filed was filed in California -- on March 6, 2014 ... giving Demesmin control of the 5-bedroom, 4-bathroom property. TMZ.com

May 28, 2014 Updates

Trevor Ariza, the NBA forward who was part of Los Angeles Lakers 2009 championship team, has listed his lakefront home in Windermere, Fla., for sale at $1.675 million. The custom Mediterranean sits among mature palms on a little more than one-third of an acre with an outdoor kitchen, a private boat dock, a pool and spa. Built in 2006, the home, with a 5,722-square-foot floor plan, features custom cabinetry, granite counter tops and travertine and wood flooring. Los Angeles Times

May 23, 2014 Updates
May 21, 2014 Updates

Tyronn Lue to New York is anything but a done deal, but he is on the move after selling his home in Las Vegas for $1.65 million. The retired NBA guard and current Los Angeles Clippers coach is rumored to be on Phil Jackson’s short list of candidates to replace the fired Mike Woodson as head coach of the New York Knicks. Fellow Jackson disciples and Los Angeles Lakers alums Luke Walton and Derek Fisher are also expected to receive consideration for the position. The gated compound, built in 1975, sits among mature palms on more than an acre with a swimming pool and spa, an outdoor kitchen and a full basketball court. The spacious 7,488-square-foot floor plan features marble flooring, a gourmet kitchen, a large family room with a sunken wet bar, an office, nine bedrooms and six baths. Two separate basements house various multi-purpose rooms and a personal gym. Outdoors, a staircase on the side of the home leads to a private rooftop deck with a fireplace and views of the Las Vegas Strip. A 1,561-square-foot guest house with four bedrooms, two baths and a full kitchen also is on the grounds. Los Angeles Times

May 20, 2014 Updates

The Golden State Warriors guard sold his loft penthouse in Oakland during the first-round series against the Los Angeles Clippers. Sale of the 2,084-square-foot unit, atop the Ellington in Jack London Square, closed for $1.499 million on May 2 -- the day before a deciding Game 7 between the Clippers and Warriors. The corner unit penthouse has three bedrooms, three full baths, three balconies and a patio with a gas fire pit. The modern interior features a lofted floor plan with custom light fixtures and floor-to-ceiling windows that offer views of the bay and surrounding city. Building amenities at the Ellington include concierge service and access to a fitness center and pool. Records show that Curry and his wife, Ayesha, paid $1.475 million for the penthouse in November 2012. Los Angeles Times

April 28, 2014 Updates
April 25, 2014 Updates

With the purchase, Griffin joins Miami Heat forward Chris Bosh and former Los Angeles Lakers center Vlade Divac as notable basketball residents in Pacific Palisades. Bosh was previously renting out his resort-like mansion in the Palisades last year for $45,000 a month, and Divac currently asks $3.25 million for his own chrome and stucco contemporary. Realtor

April 23, 2014 Updates

A veritable palace with a trophy room, a wine cellar evoking a European monastery, a private theater with your own monogrammed seating, an arcade, an indoor basketball court plastered with press clippings and not one but two garages to store your fleet of luxury automobiles. Such is the splendor of Tony Parker’s custom mansion, recently valued as the fourth-most expensive home in the San Antonio area by a local magazine. The six-time All-Star gave former teammate Fab Oberto a private tour for his television show in Argentina. Oberto also interviewed Spurs coach Gregg Popovich and visited Tim Duncan’s auto shop during his trip to San Antonio. But both segments pale in comparison to Parker’s Palais Royal. San Antonio Express-News

April 16, 2014 Updates

Like the player himself, the market for Gilbert Arenas’ mansion in Virginia appears to have bottomed out. The NBA free agent’s 9,000-square-foot spread, known for its multiple custom shark tanks and “Entourage”-style swimming pool and grotto, has returned to the market at a discount. Arenas originally asked $3.5 million when he first began shopping the home in 2012, and he then dropped the price to $3 million last year. However, after its latest price cut, the mansion can now be had for just $2.798 million. Even though he last played in the NBA in 2012, Arenas continued to bank $22.3 million during the league’s current season. He commissioned the building of the custom estate shortly after inking a $111 million contract with the Washington Wizards in 2003. And, as one would expect from someone with such an exorbitant contract, the former All-Star did not disappoint in his design debut, throwing millions into construction of the ultimate “fantasy playground” and one of the more unique athlete homes we’ve seen. Realtor

After signing Stephen Colbert to succeed David Letterman on “Late Night“ — trumping the CNN upfront presentation with the announcement — Moonves is moving to “Billionaires Beach.” Page Six has exclusively learned Moonves has bought Microsoft co-founder Paul Allen’s home on Malibu’s prestigious Carbon Beach for $28 million. Allen bought the gorgeous, white-walled and glass modern oceanfront house for $25 million in 2010. New York Post

April 8, 2014 Updates

As speculation builds toward a pending sale of the Milwaukee Bucks to a new group of investors, a prominent commercial real estate developer and project manager in Brookfield has filed federal documents to initiate a private offering for $450 million. Jon Hammes, founder and managing partner of Hammes Co., is listed as the director of the Hammes Partners II (A) L.P., which filed a public notice of exempt offering of securities with the U.S. Securities and Exchange Commission to initiate the private equity offering to raise $450 million. BizTimes

March 23, 2014 Updates

Devean George, a real estate developer with a heart who also was a pretty good basketball player, made an inaugural investment in north Minneapolis in 2006 that is about to reap a nice return for working-poor families and his old neighborhood. This summer, George will break ground on Commons at Penn Avenue, a 45-unit apartment building that will include retail shops. It also will house several nonprofits that work with families on education, training and employment. George has fronted or borrowed nearly $450,000 to cover predevelopment costs, including land acquisition and three years of planning. “It all starts with stable housing,” said George last week, sipping a cup of coffee at Sammy’s Eatery on W. Broadway. “Education, training, a job and maybe, one day, a family moves on to buy a house. This will work because I have all these good partners.” Minneapolis Star-Tribune

“It’s the ‘Devean George effect,’ ” said Jeff Washburne, the longtime executive director of the City of Lakes Community Land Trust, a North Side nonprofit that’s helped 200 working-class families buy refurbished city homes. “He’s a star and he’s a team player. He’s focused on this neighborhood with time and investment. He’s told us that every resident of his Commons at Penn development who is able to buy a house from us means success, and an available apartment for the next family that needs one.” Minneapolis Star-Tribune

Forget Shady Pines, when Steve Nash retires ... he'll be in the lap of luxury -- 'cause the L.A. Lakers star just dropped $4.8 million on a Manhattan Beach pad ... TMZ Sports has learned. Our real estate sources tell us ... Nash had been on the hunt for a permanent home on the West Coast -- somewhere he could settle down after his NBA career. Then he found a 4,175 square foot gem just 2 blocks from the sand. TMZ.com

March 19, 2014 Updates

Nearly seven years later, Scottie Pippen, the former Chicago Bulls star, is still trying to sell his Fort Lauderdale mansion. The asking price for the six-bedroom estate at 2571 Del Lago Drive is $11.8 million. It has 215 feet of water frontage, a spa, water slide and a basketball court, of course. Pippen first listed the Harbor Beach home for sale in September 2007 at nearly $15 million, according to multple listing service records. Chicago Tribune

March 12, 2014 Updates

No player in the NBA has spent more money on real estate than Miami Heat All-Star big man Chris Bosh. Citing data from Realtor.com, HoopsHype lists Bosh’s $12.3 million mansion as the priciest home in the NBA. Bosh’s home is in Miami, making him one of a league-leading 25 players who own a home in Florida. California comes in a close second with 24. As it so happens, Bosh owns a home there as well — it’s the third-most expensive in the league, valued at $9.4 million. For The Win

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