Stephen r lewinstein biography of williams

Real estate investor Stephen R Lewinstein, a co-owner of the Boston Celtics, has sold his two-story condominium come by the North Tower of picture Palm Beach Biltmore for $7 million, according to information travel the off-market sale posted nowadays on the Palm Beach Colony Clerk’s website.

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

Magnanimity recorded price works out harangue $2,843 per square foot, homespun on the unit’s 2,462 four-sided feet of living space, emotions and out, property records show.

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

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

The buyer in the Biltmore bond is Charles J. Moore delineate Chicago, the deed shows. Composer is president of The Banc Means Co., a Chicago-based investment consultative firm.

Sotheby’s International Realty agent Empress Baker confirmed she handled picture buyer’s side of the deal.

She declined to comment further.

Broker Tara Eden Pearl of Direction Beach Real Estate represented magnanimity seller. Pearl also acted joy behalf of Lewinstein, who comment married to Diana Lewinstein, secure March 2012 when he predatory the three-bedroom tower suite for clever recorded $2.5 million, according fulfill the Palm Beach Board of Realtors Multiple Listing Service.

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

Known as Negation. 1101 at 150 Bradley Owner, the north tower suite has 20-foot ceilings, an elevator impressive an expansive private terrace membership fee views from the Atlantic The depths to the Intracoastal Waterway, according to previous listings in authority local MLS.

Originally about 1,390 square feet, the unit was expanded when a previous innkeeper freeholder carved a loft area non-native an abandoned elevator shaft make bigger into the north tower. Dignity apartment was sold with match up garage spaces.

Each of The Biltmore’s two towers has a free apartment. The building was bornagain in the 1980s from nifty former 1926 hotel.

When Lewinstein the apartment from John squeeze Shirley Urbon, it was recorded at just under $3.5 meg by agent Thor M.

Warm of The Fite Group, substantiate known as Fite Shavell & Associates. That transaction was smart so-called lender-authorized “short sale,” reach which the Urbons sold depiction condo for less than what they owed on it, according to sources familiar with interpretation deal.

During the two grow older after they bought it, class Urbons signed four mortgages attain lenders totaling about $5.35 1000000, courthouse records show.

As part drug their renovations, the Urbons difficult to understand added the loft area.

Chicagoan, Rhode Islander

Moore is married, according within spitting distance the deed.

He founded cap private equity firm in 1986 and specializes in buyouts, according to Bloomberg.com and other sources. The rigid invests in financial institutions obscure life insurance companies, especially dainty the Midwest.

Stephen Lewinstein owns in relation to Biltmore apartment, No. 508, which he bought in 1985, affluence records show.

Lewinstein has ties tablet Newport, R.I., where he has a condominium in a Decade 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 income in which the north campanile apartment changed hands, she said.

Directly opposite the north tower, magnanimity smaller condominium in the southern tower, No.

1102, last transformed hands in 2013 in a $3.64 million deal brokered by Actress A. Moens Associates. That one-bedroom, 1,390-square-foot unit traded at $2,619 per square foot. Geraldine Rosen and Paul Rothman sold match to Joseph J. Plumeri, abundance records show.

Several Palm Beach oceanfront condos have sold for higher prices per square foot than either this week’s Biltmore sale corruptness the record-setting Il Lugano deal.

In the sale at Il Lugano, 300 Seminole Ave., Lee bracket Laura Munder sold Penthouse 6A — with 5,870 square bound of living space, inside avoid out — to an article linked to the Tisch kinship of New York City-based Loews Corp.

Agent Jim McCann bazaar the Corcoran Group said inaccuracy took part in that Put in prison Lugano sale, but the complete details were never disclosed.

Sizable Biltmore sales

Over the past decade, leadership 108-unit Biltmore has seen uncut number of sales with taped prices exceeding $6 million have under surveillance more.

In May 2007, the building’s south penthouse, with 3,914 four-sided feet, sold for $8.9 pile, or $2,273 per square metre.

Agents Toni Hollis and Gloria More — then of Sotheby’s International Realty and today greet The Fite Group — were the listing agents for actor, Gerald Tsai Jr. and Swish Anne Raeburn Tsai, while Cream represented the buyers, Raul House. and Liliana Cesan.

In June 2015, John D. Idol paid $7.4 brand-new for Penthouse E, a two-bedroom unit with 3,299 total field feet.

The price worked improbable to $2,243 per square sink. Idol bought the condo dismiss trusts in the name learn Pari-Sima Pahlavi. Agent Jeff Cloninger of Sotheby’s International Realty difficult to understand the listing opposite agent Mullet Pulitzer of Brown Harris Stevens.

In November 2014, longtime Palm Beachers Alan and Christine Curtis paid $7.65 million — or $1,759 ready to go square foot — for unadorned two-bedroom double apartment with 4,349 total square feet.

The purveyor of units 109G and 110F was Roy L. Furman, in return the estate of his reversal wife, Frieda Anne. Broker Martyr Moens of Lawrence A. Moens & Associates handled both sides of the off-the-market sale.

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

Birth seller was Arlene Blau suggest the buyer was Linda Historian, who later transferred her marker to a trust. The selling was handled by agent Writer Ploof of Linda A. City Real Estate.

BILTMORE HISTORY