The Afternoon Wrap: Wednesday
Sotheby's contemporary art whiz Tobias Meyer has bought 54 acres in New Milford, which cost him $1.2 million. The neighborhood gossips will be happy to know that Mr. Meyer's rival at Christie's moved to the area last year. Who owns more land? And will they have an artsy neighborhood turf war? [WSJ]
Elsewhere in America, November new home sales picked back up after a steep October fall. (And yet the glut of unsold new homes is still much higher than it was last year.) [NY Times]
What does Joe Blog Reader think will happen in New York's near future? Curbed's comment board has some wonderful prophesies for next year's successes: Long Island City, Williamsburg, Philadelphia, Upper West Side, SoHa and CeHa, Flushing, Flatiron, Financial District, Chinatown, Astoria. And yet two out of four Observer writers agree: Williamsburg is still super uncool. [Curbed]
CNN is reporting that Trump Mortgage CEO E.J. Ridings badly inflated his resume. Apparently, he wasn't "a top executive at one of Wall Street's most prestigious investment banks," or an "established leader" in mortgages, or a 15-year veteran of the financial industry. Oops. [CNN/Money]
- Max Abelson
