Real Estate Rumors

Former NBA star Shaquille O’Neal is opening a high-rise apartment complex in New Jersey’s largest city. O’Neal was joined by city and state officials on Tuesday in Newark for a news conference to discuss the project. The Newark native partnered with New Brunswick-based Boraie Development and Goldman Sachs to build the $79 million complex. The 22-story tower will house 168 units. It sits near the New Jersey Performing Arts Center.
Not that anyone can be sure what Bron will do. He has always waited to the end to assess his options—then shocked everyone, leaving Cleveland for Miami in 2010 and Miami for Cleveland in 2014. On the other hand, James and his Cleveland-based people look like they’re up to something… or have millions to throw around on real estate whims, or both. Bron’s agent, Rich Paul just bought a $3 million home in Beverly Hills. Marketing point man Maverick Carter bought one in the Hollywood Hills for $3.5 million. Befitting his status as “The King,’ Bron bought one in Brentwood in December for $23 million.
Asked how he appraised his $2 billion bid for the Clippers in 2014 — then a record for an NBA team — Ballmer said he relied on both quantitative analysis and intelligence of the marketplace and the pool of potential buyers. “I looked at what the cash flows would be, and what kind of multiple you’d put on,” Ballmer said. “A team in L.A. is literally beachfront real estate. It’s worth a lot more than teams everywhere else. Because if you ever get a foreign buyer later on — foreign buyers only want to buy in a few cities, which I knew because it was part of the pressure on the price. There was a lurking foreign buyer, if you will, for the team. But ultimately, I knew what the price was in the good old-fashioned way: I knew what the next bidder wanted to pay.”
2 months ago via ESPN
The Clippers’ DeAndre Jordan has listed his home in Malibu for sale at $6.5 million. The two-story contemporary sits at the end of its own gated driveway in the guard-gated Serra Retreat neighborhood. Extensively remodeled, the house features high ceilings, wide-plank wood floors and full smart-home and security systems. Massive pocket doors open to a covered terrace for indoor-outdoor entertaining.
The Clippers’ DeAndre Jordan has listed his home in Malibu for sale at $6.5 million. The two-story contemporary sits at the end of its own gated driveway in the guard-gated Serra Retreat neighborhood. Extensively remodeled, the house features high ceilings, wide-plank wood floors and full smart-home and security systems. Massive pocket doors open to a covered terrace for indoor-outdoor entertaining.
NBA All Star Stephen Curry and his celebrity chef wife Ayesha Curry have put their home near Charlotte up for sale, despite Curry’s talk of wanting to be among the new owners of the Carolina Panthers. The asking price is $1.55 million. Variety magazine is referring to it as the former Charlottean’s “starter mansion.” The home is 7,650 square feet, located in an upscale guard-gated development in the Waxhaw area of Union County. It has four bedrooms, four full and three half bathrooms, a movie theater, wine cellar, man cave, exercise room and four-car garage.
Pro basketball player Iman Shumpert and singer-actress Teyana Taylor, whose VH1 reality show “Teyana & Iman” is set to premier in March, have bought a home in Studio City for $2.996 million. Competed last year, contemporary-style house is visually dramatic with offset rooflines and a monochromatic facade. The wide front of the home gives way to a wealth of open-plan space highlighted by 12-foot-high ceilings and Italian tile floors.
Storyline: Real Estate