The murky world of Ezra Merkin
Today’s New York Times has an in-depth look at the relationship of 740 Park’s J. Ezra Merkin with the disgraced investment advisor Bernie Madoff, who “could not have had a more effective recruiter than Jacob Ezra Merkin, a lion of Wall Street who would be president of the Fifth Avenue Synagogue,” The Times reports. “Mr. […]
Debt, Divorce and Death
There are, realtors, say, three reasons why great real estate comes on the market. Death stalks us all — as it has 740 Park this year, where several elderly apartment owners have gone on to less limestoney pastures. But this week, debt and divorce have taken center stage, thanks to hedge hog J. Ezra Merkin‘s […]
The Big Chill at 740 Park
Weeks ago, Gripebox took a look at how some 740 Park residents were faring in the Great Recession. This week another, hedge fund honcho J. Ezra Merkin entered the 9th Circle of Financial Hell when it was revealed that he was one of the big investors — to the tune of $100 million — in […]
Wintour Wonderland
All the hoo-ha this week about rumors of Anna Wintour’s allegedly immanent departure from the editor chair at Vogue reminded me of the days in 1987 when I was assigned by the New York Times to track down a rumor that Wintour, then editor of British Vogue, would be coming to America and replacing American […]
Her Body, But How Many Babies?
A mystery deepened at 740 Park this weekend when the prestigious co-op’s First Lady, Alex Kuczynski (above, right, aka amazon book critic Walter Winchell), published a piece about the birth of her first child via a surrogate. Oddly, the story mentioned neither recents reports that she and her fecund hedge fund husband, Charles Stevenson were […]
Real Estate Viagra
I reviewed Jeff Hyland‘s The Legendary Estates of Beverly Hills in yesterday’s New York Post.
Correction: Infanticipation at 740 Park?
Turns out there may be an issue with Cityfile’s post (linked below) about plastic surgery memoirist Alex Kuczynski and 740 Park co-op board president Charles Stevenson‘s connubial bliss going pfft. Erstwhile society chronicler David Patrick Columbia says that in fact La Kucyznski is pregnant. “Also in the speculating ‘split’ category, as ‘reported’ in a couple […]
Splitsville at 740 Park?
Cityfile says that 740 Park’s co-op board president Charles Stevenson and Alex Kuczynski are on the verge of divorce. The former New York Times style reporter is, at least for now, the hedge fund mogul’s fourth wife.
Schadenschwarzmanfreude (Not Again!)
The Blackstone Group, run by the occupant of 740 Park’s primo residence, has announced a half-a-billion-dollar third quarter loss, and marked down the value of most of its holdings, sharing the pain of most of the rest of us, who might have once felt we weren’t as smart as 740’s Stephen Schwarzman. The New York […]
Ire in Ireland
The Independent, the Irish newspaper, has discovered 740 Park, the book — and been appalled by 740 Park itself.