News

Late Billionaire Teddy Forstmann’s Southampton Estate Under Contract for $28.5 Million

The late billionaire and founder of Forstmann Little and Company, Teddy Forstmann’s Southampton beach residence is finally in the escrow for around $28.5 million after sitting unclaimed for almost a year. The residence was first listed in March 2012 for around $34 million. After a couple of price chops, the home is finally under contract to sell.

Update: Martin Zweig’s Pierre Penthouse to Officially Ask for $125 Million

Just a week earlier, news about financial expert, Martin Zweig’s penthouse atop the Pierre Hotel hitting listing market was out. It was estimated to be listed at $120 million. However, the posh residence has exceeded expectations and the listing price has been fixed at $125 million. Though the listing has not appeared in public, agents have already determined its price.

Restoration Hardware’s New Boston Store Opening Weeks Away Despite Early Launch Party (PHOTOS)

Though the famous American furniture décor chain, Restoration Hardware celebrated the launch of its brand new store in Back Bay, Boston on March 7, 2013, the store has not yet opened.