Real Estate Rumors

But in an interview with CNN Money, he said it wasn’t gambling — which he was reported to have lost a lot of money on — as much as bad real estate deals backed by his personal collateral. From CNN: The economic chaos caused the implosion of Walker Ventures, his Chicago real estate firm. “We got caught in the recession. We had a ton of undeveloped real estate. It went bad. The banks wanted their money back,” he said. As if that wasn’t bad enough, Walker had unwisely put up his personal financial portfolio as collateral. He ended up being forced to pay back about $20 million to banks.
via For The Win
The Westchester home of former N.B.A. star Allan Houston—complete with indoor basketball court and trophy room—is listing for $19.9 million. Measuring about 19,300 square feet, the house sits on more than 10 acres in Armonk, N.Y., in the exclusive gated community of Conyers Farm, according to real estate agent Brian Milton of Houlihan Lawrence, who is listing the property with colleague Ellen Mosher. The French Country-style estate has seven bedrooms, 10 full and two half bathrooms, Mr. Milton said.
via Wall Street Journal