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.
Former Cleveland Cavaliers point guard Kyrie Irving has put his Northeast Ohio home on the market, one month after the team traded him to the Boston Celtics in a complicated, multi-player megadeal. And Irving’s shooting high. He’s asking almost $1.7 million for the four-bedroom, six-bathroom house, which he purchased for $800,000 three years ago.
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.
Basketball star Stephen Curry has shot and missed in the East Bay housing market. The Golden State Warriors guard just sold his home in Walnut Creek, Calif., for $2.94 million. He had listed the 7,520-square-foot house last year for as much as $3.7 and purchased it two years ago for $3.2 million, records show.
While Cleveland Cavaliers star LeBron James has an offseason house in Los Angeles, many people got excited to see he mentioned L.A. as his “home” on Twitter.
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.”