Real Estate Rumors

Joe Vardon (cleveland.com): So, you once worked in real estate? Koby Altman: I graduated from Middlebury College, a prestigious liberal arts school in New England where you think when you graduate that you have to go make money. All my friends went into finance or banking or whatever the case may be. I had no business background at all, so I said let me try to do something to put some business onto my resume so I started out in commercial real estate. We sold apartment buildings and I did pretty well at the start, so I was like, ‘let me stay into that.’ It probably was about three years before I really felt like I missed basketball. But that real estate background really prepared me for this job and any walk of life in terms of negotiation, dealing with people, very important people, very wealthy people that are motivated.
Storyline: Cavaliers Front Office
Memphis Grizzlies forward Chandler Parsons has found a new spot to spend his offseasons, buying a home in Bel-Air for $10.9 million, according to real estate sources not authorized to comment on the deal. The modern farmhouse, developed by Justin Barth of Barth Partners, was completed this year and has six bedrooms and seven bathrooms in more than 9,100 square feet of living space.
Walker, who would never wear the same suit twice and owned more cars than he could count on one hand, accelerated his financial downfall when he dove into real estate. “In the process of taking care of (friends and family) and myself and creating a lifestyle for myself, seven years into my career I decided I wanted to venture off into real estate,” Walker said. ” … Eventually, four years down the line, it ended up going bad. Recession hit, 2007, 2008. … The downfall, the mistake that I made, was being the personal guarantor of the real estate company and putting up my personal financial portfolio in order to get these loans and this money.”