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Friday, March 14, 2008

03/14/08 - Greenwich Business Newswire - Real Estate


Greenwich Business News From

The Wall Street Journal

As Iglesias Rebuilds, He Buys House Nearby
Wall Street Journal

Helena Rubinstein's Old Home to Be Sold

...The creator of Barney, the purple dinosaur character for children, has agreed to sell the former Connecticut estate of beauty pioneer Helena Rubinstein.

he Greenwich house was bought in 1998 for $2 million, and children's-entertainment entrepreneur Sheryl Leach recently renovated it. The contract's sale price couldn't be learned, but the house most recently was listed at $4 million, down from $5 million when first listed in July.

Overlooking a pond and Bruce Park, a mile south of downtown Greenwich, the turn-of-the-century 4,900-square-foot home on one acre has six bedrooms. There's a kitchen with a wood-burning fireplace and a separate two-bedroom cottage of 1,100 square feet.

Born in Poland in 1870, Ms. Rubinstein created one of the leading makers and distributors of women's cosmetics and accumulated an estimated personal fortune of $100 million. An art patron and philanthropist (her foundation has given away more than $100 million since its 1953 founding), she died in 1965 at age 94. Marjorie Marianacci and Marge Haskins, of Weichert Capital Properties, assisted in the deal...


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