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Showing results for Saddleback Ranch Estates LLC
...Bigelow once owned Skinwalker Ranch, a hotspot for believers in paranormal activity....
...and Michael Jackson’s Neverland ranch....
...The ranch is still on the market; in February a real estate agent cut the asking price by 70 per cent, to $31m. (People close to Colony insist the ultimate outcome is still unknown.)...
...As one of the most dynamic businessmen in America — he founded real estate investment behemoth Chestnut Holdings LLC, and was an early investor in designer Tory Burch — he’s more than just a backer....
...There was also a dead man discovered in the Bahamas estate’s jacuzzi in 2010....
...Interestingly, however, the firm seems to have a soft spot for celebrities and in May 2008 did a deal with Michael Jackson, to purchase a loan with a face value of about $23.5m on Jackson’s Neverland ranch...
...In May 2008, Colony purchased a loan with a face value of about $23.5m on Michael Jackson’s Neverland ranch....
...Colony Capital, the private equity group, helped Mr Jackson avert a foreclosure sale of the ranch last year when it bought a $23.5m loan secured on the property....
...Colony declined to comment, but had been working to refurbish the ranch amid talk that it could be opened to the public as Elvis Presley’s Graceland home has been....
...“At the low end, buyers are more sensitive to what’s happening in the broader mortgage market,” says Gregory Heym, chief economist at Terra Holdings LLC, a privately held real estate services company in...
..., a New York-based real-estate information provider....
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