To Report That......Sternlicht bets on Greenwich rebound
Raises asking price on 5.8-acre Greenwich estate to $5.95M
By Oshrat Carmiel Bloomberg News
Real estate investor Barry Sternlicht is betting the Greenwich, Connecticut, housing market is making a comeback.
Sternlicht, who helped build Starwood Hotels & Resorts Worldwide Inc. and took his real estate investment company public this year, raised the asking price of his 5.8-acre estate there to $5.95 million, even as the town is headed for its worst year for property sales in more than three decades.
“We increased it because we felt like we were giving it away,” and there was interest in the property, Sternlicht’s broker, Jean Ruggiero of William Raveis Real Estate, said in an interview. “Just because people are lowering their price doesn’t mean it’s right, because he’s not a desperate seller.” .....
PLEASE SEE YESTERDAY'S POST:
=============================
Please send your comments, news tips and press releases to GreenwichRoundup@gmail.com
No comments:
Post a Comment
Useful criticism, helpful links and corrections and general comments are always welcome at Greenwich Roundup. Generally only spam ads and posts with very foul language get censored.
Contact me directly at GreenwichRoundup@gmail.com if you have a suggestion or comment you don't want publicized (but tell me so in your email).
I look forward to publishing your opinions.
COMMENTING RULES: We encourage an open exchange of ideas in the Greenwich community, but we ask you to follow our guidelines. Basically, be civil, smart, on-topic and free from profanity. Don't say anything you wouldn't want your mother to read!