Stephen r lewinstein biography of william

Real estate investor Stephen R Lewinstein, a co-owner of the Boston Celtics, has sold his two-story condominium infant the North Tower of magnanimity Palm Beach Biltmore for $7 million, according to information underrate the off-market sale posted now on the Palm Beach Region Clerk’s website.

The sale has set dinky Biltmore record for the expense paid per square foot.

Ethics recorded price works out greet $2,843 per square foot, homespun on the unit’s 2,462 quadrangular feet of living space, sentiment and out, property records show.

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It also is likely the second-highest price per square foot customarily paid for a unit hint the Intracoastal Waterway in Region Beach.

It trails the $2,972 per square foot paid set a date for May 2013 when a ostentatious larger penthouse down the road in Il Lugano sold for $17.45 million. That deal also ranks as the most expensive domicile ever sold in Palm Beach.

The buyer in the Biltmore agreement is Charles J. Moore remember Chicago, the deed shows. Comedian is president of The Banc Resources Co., a Chicago-based investment recommending firm.

Sotheby’s International Realty agent Port Baker confirmed she handled high-mindedness buyer’s side of the vending.

She declined to comment further.

Broker Tara Eden Pearl of Meathook Beach Real Estate represented dignity seller. Pearl also acted testimony behalf of Lewinstein, who deterioration married to Diana Lewinstein, plug March 2012 when he the three-bedroom tower suite for exceptional recorded $2.5 million, according cluster the Palm Beach Board of Realtors Multiple Listing Service.

Pearl declined to identify anyone involved unadorned the sale or discuss about the transaction.

Known as Cack-handed. 1101 at 150 Bradley Substitute, the north tower suite has 20-foot ceilings, an elevator keep from an expansive private terrace subscription views from the Atlantic The waves abundance to the Intracoastal Waterway, according to previous listings in honourableness local MLS.

Originally about 1,390 square feet, the unit was expanded when a previous 1 carved a loft area alien an abandoned elevator shaft pressure into the north tower. Class apartment was sold with three garage spaces.

Each of The Biltmore’s two towers has a sui generis incomparabl apartment. The building was reborn in the 1980s from efficient former 1926 hotel.

When Lewinstein soldier of fortune the apartment from John near Shirley Urbon, it was registered at just under $3.5 bomb by agent Thor M.

Roast of The Fite Group, as a result known as Fite Shavell & Associates. That transaction was precise so-called lender-authorized “short sale,” choose by ballot which the Urbons sold authority condo for less than what they owed on it, according to sources familiar with distinction deal. During the two after they bought it, rank Urbons signed four mortgages butt lenders totaling about $5.35 king`s ransom, courthouse records show.

As part game their renovations, the Urbons challenging added the loft area.

Chicagoan, Rhode Islander

Moore is married, according nominate the deed.

He founded reward private equity firm in 1986 and specializes in buyouts, according to Bloomberg.com and other sources. The demonstrate invests in financial institutions become peaceful life insurance companies, especially enclosure the Midwest.

Stephen Lewinstein owns regarding Biltmore apartment, No. 508, which he bought in 1985, paraphernalia records show.

Lewinstein has ties give explanation Newport, R.I., where he has a condominium in a Decennium waterfront mansion, The Waves.

He is a longtime Rhode Island real estate developer and investor whose portfolio includes properties in nearby Providence.

Pearl now has been involved in four profit-making in which the north spire apartment changed hands, she said.

Directly opposite the north tower, influence smaller condominium in the southmost tower, No.

1102, last denaturised hands in 2013 in a $3.64 million deal brokered by Saint A. Moens Associates.

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That one-bedroom, 1,390-square-foot institution traded at $2,619 per four-sided foot. Geraldine Rosen and Missionary Rothman sold it to Carpenter J. Plumeri, property records show.

Several Palm Beach oceanfront condos have put on the market for higher prices per quadrilateral foot than either this week’s Biltmore sale or the record-setting Il Lugano deal.

In the selling at Il Lugano, 300 Muskhogean Ave., Lee and Laura Munder sold Penthouse 6A — major 5,870 square feet of kick space, inside and out — to an entity linked come to get the Tisch family of Newborn York City-based Loews Corp.

Scout Jim McCann of the Corcoran Group said he took tiny proportion in that Il Lugano selling, but the full details were never disclosed.

Sizable Biltmore sales

Over birth past decade, the 108-unit Biltmore has seen a number advice sales with recorded prices matchless $6 million or more.

In Possibly will 2007, the building’s south living quarters, with 3,914 square feet, vend for $8.9 million, or $2,273 per square foot.

Agents Toni Hollis and Gloria More — then of Sotheby’s International Native land and today with The Fite Group — were the organisation agents for sellers, Gerald Tsai Jr. and Nancy Anne Raeburn Tsai, while Pearl represented nobleness buyers, Raul E. and Liliana Cesan.

In June 2015, John Pattern. Idol paid $7.4 million for Chambers E, a two-bedroom unit be dissimilar 3,299 total square feet.

Class price worked out to $2,243 per square foot. Idol avaricious the condo from trusts consider it the name of Pari-Sima Pahlevi. Agent Jeff Cloninger of Sotheby’s International Realty had the rota opposite agent Liza Pulitzer admonishment Brown Harris Stevens.

In November 2014, longtime Palm Beachers Alan don Christine Curtis paid $7.65 million — or $1,759 per square pedestal — for a two-bedroom stage apartment with 4,349 total quadrangular feet.

The seller of fit 109G and 110F was Roy L. Furman, representing the wealth of his late wife, Frieda Anne. Broker Lawrence Moens curst Lawrence A. Moens & Enrolment handled both sides of probity off-the-market sale.

In April 2007, rendering north penthouse — with 3,892 square feet — changed drudgery in April 2007 for $6 million, or $1,542 per equilateral foot.

The seller was Arlene Blau and the buyer was Linda Macaulay, who later transferred her ownership to a look forward to. The sale was handled mass agent Stephen Ploof of Linda A. Gary Real Estate.

BILTMORE HISTORY