Sonny Kalsi

After Morgan Stanley took a beating from the collapse of the subprime mortgage market, one would think the firm's global co-chief of real estate investment might have second thoughts about making any real estate investments of his own. But not only did K.S. Kalsi (a.k.a. Sonny) and his wife pay $14.6 million for a fifth-floor condo at 15 Central Park West, according to city records, he took out two different mortgages--one for $1 million and the other for $8 million--on the apartment.  read more »