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Thursday, January 14, 2016

CEO Reportedly Behind U.S.-Record $117 Million Silicon Valley Home Buy

 CEO Reportedly Behind U.S.-Record $117 Million Silicon Valley Home Buy


Recently broke the news that the house Woodside, California. Has staggering $ 117.5 million. Nine acre estate secretly traded hands in November, according to county records, and never officially listed for sale. News has some, like myself, to suspect that the "fat finger" typo was behind the astronomically high number gracing public records. After all, how this property can result in a windfall worth nine figures when even the 92-acre Estate totes Flood lower price tag of $ 85 million?

After much digging, it seems that the actual price of $ 117.5 million, according to some sources. But the media ran with this story when it first broke out have something slightly wrong: it's not the most expensive home sales in US history. Technically, it was the most expensive in history.

Real hilltop seller Tully Friedman, chief executive of Friedman, Fleischer and Lowe, a private equity firm based in San Francisco. SV Buyer Project LLC, called straw buyers entity associated with the law firm of Los Angeles used to maintain privacy and securing additional asset buyers. Yet, the identity of the buyer who has not been confirmed, although some sources indicate Silicon Valley billionaire real estate Asia is behind the sale surprisingly steep.


Update: Confirmation of suspicion, the Los Angeles Times accused the second richest man in Japan, Masayoshi Son, is a super secret buyer. Worth $ 7200000000 by Forbes'estimate, descendants of software is no stranger to Silicon Valley, has received both high school and university education in the area. He is the chief executive of telecoms giant Softbank SFTBY +%, which was recently graced the headlines after announcing in October plans to acquire 70% of Sprint Nextel S + 0.00% to $ 20.1 billion.


While the identity of the buyer remains unconfirmed, many were: $ 117.5 million is a record for the highest price ever paid for a single-family home in the US, ever. This eclipse $ 100 million forked over by venture capital billionaire Yuri Milner in 2011 to house the Los Altos Hills, which is believed to have been the highest single residential transaction ever recorded for single-family homes in the United States. It also tops the $ 103 million paid to developing the 40-acre East Hampton, NY plot by billionaire Ron Baron in 2007.

However, transaction- and this is where it gets tricky - has been called the second most expensive home sales in US history by some media in the past week. People have been (prematurely) speculated that the recent acquisition of Broken O Ranch by another billionaire, Stan Kroenke, resulting in higher prices. Large Montana ranch, also traded in November, has been listed for $ 132.5 million. At that price, yes, Broken O will top the list of most expensive home sales in the US - but it's a big if. Montana is a state secret, which means that the final sale price is not public record - and probably never will since Kroenke and ranch real estate teams prefer to keep it that way. If local publications Montana Fairfield Sun Times even remotely close to accurate in estimating that "concealed" in the price of "$ 90 million neighborhood," then real Woodside is the highest ever paid much. Regardless, there is no confirmed number Broken O Ranch, live Woodside is the most expensive home sales confirmed and on-record.

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CEO Reportedly Behind U.S.-Record $117 Million Silicon Valley Home Buy
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