Peter Kraus Pays $37M for 720 Park Avenue Pad
by HauteLiving

Investment advisor Carl Spielvogel and his wife Barbaralee Diamonstein-Spielvogel sold their co-op apartment at 720 Park Avenue, at the corner of 70th Street, for $36.63 million, nearly twice what they paid for it two years ago. The sale of the seventh-floor unit closed December 18, according to property records posted last Friday. The buyer was identified as Jill Kraus, wife of Peter Kraus, a former executive vice president at Merrill Lynch who reportedly received a $25 million bonus after working at the firm for three months this year (roughly $277,000 per day). However, only her name was listed on the property report. On December 19, he was hired as chairman and CEO of AllianceBernstein. The sellers, who are top Democratic fundraisers, bought the apartment in June 2006 for $20 million, property records show. Just before buying the 7th-floor unit, the Spielvogels sold their 17th-floor apartment in the building for $18.7 million, in May 2006, records showed.
http://cityfile.com/dailyfile/3664
Celebrate the biggest night of the year at Manhattan’s reigning A-list hotel and nightlife destination. Guests will be able to revel in it all perched 20 stories above the city.
The recent wave of stories from the co-op at 740 Park Avenue prove that in these harsh financial times even the owners of Manhattan’s most elite properties can be hugely affected by the economic climate.
Lakshmi Mittal is the wealthiest man in India and he recently footed the bill for the $30 million, 377-foot-tall tower located in the Olympic Park in London.
The Society of Memorial Sloan-Kettering Cancer Center is hosting the 23rd Annual Preview Party for the International Fine Arts & Antique Dealer's Show at the Park Avenue Armory on October 20th.
The widow of former Time Warner CEO Steve Ross is selling two duplex apartments on Park Avenue that together total more than 30 rooms and priced at $60 million combined.
Artist Peter Tunney's new exhibition and work space will open Wednesday September 21st from 5pm-midnight.
Tuesday evening, April 12th, 2011, Officine Panerai North American President Rafael Alvarez hosted an exclusive soiree to honor the brains and hard-working physicians of Memorial Sloan Kettering Cancer Center, one of the world's foremost cancer treatment and research centers, held at the Lincoln Res...
All the necessary ammo for your spring beauty arsenal.