Michael Jackson’s ‘Neverland’ ranch is on sale for a discounted $31 million

The estate has had a tumultuous time on the market. As the Wall Street Journal notes, it was originally listed for $100 million in 2015 and then the price was cut to $67 million in 2017; after briefly being taken off the market, it has been reintroduced at an asking price of $31 million. The 12,598-square-foot, six-bedroom, nine-bathroom ranch is located 40 miles from Santa Barbara. The estate also includes three separate guest houses, a movie theater, several barns, a pool, pool-house and tenni


The estate has had a tumultuous time on the market. As the Wall Street Journal notes, it was originally listed for $100 million in 2015 and then the price was cut to $67 million in 2017; after briefly being taken off the market, it has been reintroduced at an asking price of $31 million. The 12,598-square-foot, six-bedroom, nine-bathroom ranch is located 40 miles from Santa Barbara. The estate also includes three separate guest houses, a movie theater, several barns, a pool, pool-house and tenni
Michael Jackson’s ‘Neverland’ ranch is on sale for a discounted $31 million Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: sarah berger, jim bartsch
Keywords: news, cnbc, companies, property, michael, wall, estate, wildfires, neverland, tumultuous, price, includes, market, ranch, million, discounted, theater, sale, 31, jacksons


Michael Jackson's 'Neverland' ranch is on sale for a discounted $31 million

The estate has had a tumultuous time on the market. As the Wall Street Journal notes, it was originally listed for $100 million in 2015 and then the price was cut to $67 million in 2017; after briefly being taken off the market, it has been reintroduced at an asking price of $31 million.

Kyle Forsyth and Suzanne Perkins of Compass, who represent the property, have cited the estate’s high price as well as recent wildfires, mudslides and drought that ravaged the area for its failure to sell.

The 12,598-square-foot, six-bedroom, nine-bathroom ranch is located 40 miles from Santa Barbara. The estate also includes three separate guest houses, a movie theater, several barns, a pool, pool-house and tennis court. The property includes 2,698 acres of land.


Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: sarah berger, jim bartsch
Keywords: news, cnbc, companies, property, michael, wall, estate, wildfires, neverland, tumultuous, price, includes, market, ranch, million, discounted, theater, sale, 31, jacksons


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Michael Jackson’s Neverland Ranch is up for sale for $31 million

Michael Jackson’s Neverland Ranch is up for sale for $31 million13 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Take a tour around Neverland Ranch in Los Olivos, CA and see all the amenities it has to offer, from a swimming pool to a four-acre lake.


Michael Jackson’s Neverland Ranch is up for sale for $31 million13 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Take a tour around Neverland Ranch in Los Olivos, CA and see all the amenities it has to offer, from a swimming pool to a four-acre lake.
Michael Jackson’s Neverland Ranch is up for sale for $31 million Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01
Keywords: news, cnbc, companies, 31, neverland, enabled, try, view, michael, flash, jacksons, swimming, million, ranch, sale, tour, site, browser


Michael Jackson's Neverland Ranch is up for sale for $31 million

Michael Jackson’s Neverland Ranch is up for sale for $31 million

13 Hours Ago

To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again.

Take a tour around Neverland Ranch in Los Olivos, CA and see all the amenities it has to offer, from a swimming pool to a four-acre lake.


Company: cnbc, Activity: cnbc, Date: 2019-03-01
Keywords: news, cnbc, companies, 31, neverland, enabled, try, view, michael, flash, jacksons, swimming, million, ranch, sale, tour, site, browser


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Kraft Heinz reviews options for Maxwell House coffee, including sale

Kraft Heinz, the ailing food giant, has tapped investment bank Credit Suisse to review options for its Maxwell House coffee business, which could include a potential sale, people familiar with the matter tell CNBC. The coffee business has roughly $400 million in earnings before interest, taxes, depreciation and amortization, the people said. Bigger is not better, as large brands fend off competition from leaner, innovative rivals. As it delivered the bad news, Kraft Heinz executives told investo


Kraft Heinz, the ailing food giant, has tapped investment bank Credit Suisse to review options for its Maxwell House coffee business, which could include a potential sale, people familiar with the matter tell CNBC. The coffee business has roughly $400 million in earnings before interest, taxes, depreciation and amortization, the people said. Bigger is not better, as large brands fend off competition from leaner, innovative rivals. As it delivered the bad news, Kraft Heinz executives told investo
Kraft Heinz reviews options for Maxwell House coffee, including sale Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-24  Authors: lauren hirsch, robert caplin, bloomberg, getty images
Keywords: news, cnbc, companies, brands, private, house, billion, options, kraft, maxwell, sale, business, week, coffee, reviews, including, large, heinz


Kraft Heinz reviews options for Maxwell House coffee, including sale

Kraft Heinz, the ailing food giant, has tapped investment bank Credit Suisse to review options for its Maxwell House coffee business, which could include a potential sale, people familiar with the matter tell CNBC.

The coffee business has roughly $400 million in earnings before interest, taxes, depreciation and amortization, the people said.

Based off valuations for other sales of consumer brands, a sale could fetch a price of at least $3 billion, they said, though cautioning its price would depend on buyer interest. The coffee industry has become more challenging in the past few years, but private equity firms have shown interest in buying some large, tired brands. Private equity firm KKR last year paid roughly $8 billion for Unilever’s I Can’t Believe It’s Not Butter and other spreads business.

The sale of the coffee business will be one of a string of divestitures for Kraft Heinz, the people said, as it looks to reshape the empire put together by its private equity backer 3G Capital.

3G Capital, which, along with Berkshire Hathaway, bought H.J. Heinz in 2013 and merged it with Kraft two years later, has made its name in splashy acquisitions of U.S. consumer companies. It put together Restaurant Brands International, owner of Burger King, Tim Hortons and Popeyes and created beer giant Anheuser-Busch Inbev. But trends have changed since 3G Capital first pounced on the U.S. scene. Bigger is not better, as large brands fend off competition from leaner, innovative rivals.

It is a struggle to ignite growth when a company is saddled with large, off-trend labels like Oscar Mayer and Velveeta, while facing rising costs. Those challenges have been exacerbated by 3G Capital’s cut-to-the bone approach to costs, which some analysts say has come at the sacrifice of its brands’ health. The firm extracted $1.7 billion in savings from combining Kraft and Heinz.

Kraft Heinz last week delivered fourth-quarter earnings and revenue that were sharply lower than estimate s. Even worse, it slashed its dividend by 36 percent and took a $15 billion write-down on two of its biggest brands, Kraft and Oscar Mayer — an acknowledgement the brands entice shoppers far less than they used to.

As it delivered the bad news, Kraft Heinz executives told investors last week to expect more divestitures going forward to help wipe debt off its balance sheet. The company is aiming to get its leverage down to three times earnings, rather than the four times analysts say it is currently pegged at. One notch lower of leverage can be impactful for a company facing margin pressure and profit declines. It could imply asset sales in the billions.

Kraft Heinz last year sold it Canadian dairy business and its Indian beverage business Complan. It said last week it is looking selling brands “with no clear path to competitive advantage.”


Company: cnbc, Activity: cnbc, Date: 2019-02-24  Authors: lauren hirsch, robert caplin, bloomberg, getty images
Keywords: news, cnbc, companies, brands, private, house, billion, options, kraft, maxwell, sale, business, week, coffee, reviews, including, large, heinz


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Carl Icahn says the best way forward for Caesars Entertainment may be a sale

Activist investor Carl Icahn has a 9.8 percent stake in Caesars Entertainment and believes the casino operator should explore a sale, according to a Securities and Exchange Commission filing released Tuesday. The filing, which confirms previous reports that Icahn has taken a stake in the company, said: “Shareholder value might be best served, and enhanced, by selling the company.” Caesars shares jumped to their highs of the day after the filing. Icahn, according to the filing, thinks the stock i


Activist investor Carl Icahn has a 9.8 percent stake in Caesars Entertainment and believes the casino operator should explore a sale, according to a Securities and Exchange Commission filing released Tuesday. The filing, which confirms previous reports that Icahn has taken a stake in the company, said: “Shareholder value might be best served, and enhanced, by selling the company.” Caesars shares jumped to their highs of the day after the filing. Icahn, according to the filing, thinks the stock i
Carl Icahn says the best way forward for Caesars Entertainment may be a sale Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: fred imbert, heidi gutman
Keywords: news, cnbc, companies, week, according, wall, icahn, carl, entertainment, value, best, filing, sale, stake, taken, way, forward, caesars, youtube


Carl Icahn says the best way forward for Caesars Entertainment may be a sale

Activist investor Carl Icahn has a 9.8 percent stake in Caesars Entertainment and believes the casino operator should explore a sale, according to a Securities and Exchange Commission filing released Tuesday.

The filing, which confirms previous reports that Icahn has taken a stake in the company, said: “Shareholder value might be best served, and enhanced, by selling the company.”

Caesars shares jumped to their highs of the day after the filing. They closed up 5.1 percent.

Icahn, according to the filing, thinks the stock is “undervalued” and may nominate “a slate of directors” to the board at Caesars’ annual shareholders’ meeting. “We also intend to have discussions with other stockholders to understand their perspectives and priorities.”

The news comes after The Wall Street Journal reported last week that Icahn had taken a stake of roughly 10 percent in Caesars.

Caesars did not immediately respond to CNBC’s request for comment.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: fred imbert, heidi gutman
Keywords: news, cnbc, companies, week, according, wall, icahn, carl, entertainment, value, best, filing, sale, stake, taken, way, forward, caesars, youtube


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Samsung teases the first foldable smartphone expected to go on sale this year

Samsung is holding an event on Feb. 20 where it’s expected to unveil its latest family of Galaxy S10 phones. It will also at least tease a foldable phone, according to a video the company posted to YouTube on Monday. Samsung’s video is titled “The Future Unfolds,” suggesting that it will finally make good on promises to sell a phone that can fold. The company revealed a prototype device in November when it promised that a model consumers will actually be able to buy is “coming soon.” Samsung’s f


Samsung is holding an event on Feb. 20 where it’s expected to unveil its latest family of Galaxy S10 phones. It will also at least tease a foldable phone, according to a video the company posted to YouTube on Monday. Samsung’s video is titled “The Future Unfolds,” suggesting that it will finally make good on promises to sell a phone that can fold. The company revealed a prototype device in November when it promised that a model consumers will actually be able to buy is “coming soon.” Samsung’s f
Samsung teases the first foldable smartphone expected to go on sale this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: todd haselton
Keywords: news, cnbc, companies, teases, samsung, foldable, unveil, youtube, device, expected, buy, sale, phone, video, unfolds, smartphone, company


Samsung teases the first foldable smartphone expected to go on sale this year

Samsung is holding an event on Feb. 20 where it’s expected to unveil its latest family of Galaxy S10 phones. It will also at least tease a foldable phone, according to a video the company posted to YouTube on Monday.

Samsung’s video is titled “The Future Unfolds,” suggesting that it will finally make good on promises to sell a phone that can fold. The company revealed a prototype device in November when it promised that a model consumers will actually be able to buy is “coming soon.” Samsung’s foldable phone is expected to be the first device in the category that will be available for anyone to buy.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: todd haselton
Keywords: news, cnbc, companies, teases, samsung, foldable, unveil, youtube, device, expected, buy, sale, phone, video, unfolds, smartphone, company


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The house where Jeff Bezos founded Amazon is on sale for a bargain price

The house where Jeff Bezos founded Amazon in Bellevue, Washington is for sale. According to Zillow, the 1,540 square-foot house located at 10704 NE 28th street is listed for just nearly $1.5 million. It features 3 bedrooms,1.75 baths and a hot tub on the back porch. It was last sold in 2009 for $620,000. Here’s more on the listing, from John L Scott Real Estate:


The house where Jeff Bezos founded Amazon in Bellevue, Washington is for sale. According to Zillow, the 1,540 square-foot house located at 10704 NE 28th street is listed for just nearly $1.5 million. It features 3 bedrooms,1.75 baths and a hot tub on the back porch. It was last sold in 2009 for $620,000. Here’s more on the listing, from John L Scott Real Estate:
The house where Jeff Bezos founded Amazon is on sale for a bargain price Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: todd haselton, john l scott real estate
Keywords: news, cnbc, companies, spotted, zillow, street, bargain, sale, price, washington, tub, scott, bezos, sold, jeff, founded, amazon, squarefoot, house


The house where Jeff Bezos founded Amazon is on sale for a bargain price

The house where Jeff Bezos founded Amazon in Bellevue, Washington is for sale. It was previously spotted by GeekWire.

According to Zillow, the 1,540 square-foot house located at 10704 NE 28th street is listed for just nearly $1.5 million. It features 3 bedrooms,1.75 baths and a hot tub on the back porch. It was last sold in 2009 for $620,000.

Here’s more on the listing, from John L Scott Real Estate:


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: todd haselton, john l scott real estate
Keywords: news, cnbc, companies, spotted, zillow, street, bargain, sale, price, washington, tub, scott, bezos, sold, jeff, founded, amazon, squarefoot, house


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Inside the Red Sox owner’s $25 million home—and it’s up for sale

Inside the Red Sox owner’s $25 million home—and it’s up for sale13 Hours AgoCNBC’s Robert Frank takes us inside the $25 million Florida home of billionaire John Henry, owner of the Boston Globe and the Boston Red Sox. And it’s up for sale.


Inside the Red Sox owner’s $25 million home—and it’s up for sale13 Hours AgoCNBC’s Robert Frank takes us inside the $25 million Florida home of billionaire John Henry, owner of the Boston Globe and the Boston Red Sox. And it’s up for sale.
Inside the Red Sox owner’s $25 million home—and it’s up for sale Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08
Keywords: news, cnbc, companies, inside, robert, boston, sale13, homeand, 25, million, sale, takes, owners, red, sox


Inside the Red Sox owner's $25 million home—and it's up for sale

Inside the Red Sox owner’s $25 million home—and it’s up for sale

13 Hours Ago

CNBC’s Robert Frank takes us inside the $25 million Florida home of billionaire John Henry, owner of the Boston Globe and the Boston Red Sox. And it’s up for sale.


Company: cnbc, Activity: cnbc, Date: 2019-02-08
Keywords: news, cnbc, companies, inside, robert, boston, sale13, homeand, 25, million, sale, takes, owners, red, sox


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Eddie Lampert’s deal to buy Sears granted approval, as retailer is given a second life

The creditors attacked the bankruptcy sale that Sears ran as it looked for a buyer and argued that ESL’s bid was deficient. As Drain read his ruling Thursday, he outlined the obligations before him, as laid out by the bankruptcy code. Despite Lampert’s unique status as Sears’ chairman and largest investor, Drain believes Lampert’s acquisition of Sears was thoroughly and independently evaluated by an independent committee appointed for the process. In addition to the accusations lobbed by the com


The creditors attacked the bankruptcy sale that Sears ran as it looked for a buyer and argued that ESL’s bid was deficient. As Drain read his ruling Thursday, he outlined the obligations before him, as laid out by the bankruptcy code. Despite Lampert’s unique status as Sears’ chairman and largest investor, Drain believes Lampert’s acquisition of Sears was thoroughly and independently evaluated by an independent committee appointed for the process. In addition to the accusations lobbed by the com
Eddie Lampert’s deal to buy Sears granted approval, as retailer is given a second life Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: lauren hirsch, gregory bull
Keywords: news, cnbc, companies, creditors, lampert, eddie, granted, buy, drain, ruling, sale, life, letter, retailer, deal, bankruptcy, unsecured, sears, given, business, second, lamperts


Eddie Lampert's deal to buy Sears granted approval, as retailer is given a second life

In a trial that spanned three days and two courtrooms within the White Plains, New York, courthouse, Drain overheard a litany of concerns from Sears’ unsecured creditors, who pointed to potential flaws in ESL’s business plan and its previous failures running the retail giant. The creditors attacked the bankruptcy sale that Sears ran as it looked for a buyer and argued that ESL’s bid was deficient.

As Drain read his ruling Thursday, he outlined the obligations before him, as laid out by the bankruptcy code. He said he had to determine whether the deal made “good business sense,” which the judge said he believed it did. He said the auction process conducted by Sears, though expedited, was fair considering the time-limits imposed by its liquidity constraints. Despite Lampert’s unique status as Sears’ chairman and largest investor, Drain believes Lampert’s acquisition of Sears was thoroughly and independently evaluated by an independent committee appointed for the process.

Drain was unhappy, though, with a letter Lampert sent to the independent committee during the auction, in which Lampert threatened legal action for breach of fiduciary duty after it rejected several of his offers. Drain said, that when notified of that letter, he “made it clear in no uncertain terms that the letter was a mistake and should be ignored by all parties, including those who were handling the sale on behalf of the debtor.” He said he believed his advice had been heeded.

As Drain closed his ruling, he addressed Lampert directly, though the reclusive billionaire was not in attendance, opting instead to listen by dial-in from his office in Bay Harbor Islands, Florida.

Lampert’s mysticism, combined with the magnitude of Sears’ fall and the finger-pointing that has accompanied it, has set the groundwork for the “verbal abuse” Drain believes Lampert has been subject to. In addition to the accusations lobbed by the company’s unsecured creditors during the course of Sears’ bankruptcy, Lampert has also been a target of presidential candidate Sen. Elizabeth Warren, angry former Sears’ workers, as well as retail pundits. He has been accused of not only making decisions that led to the retailer’s troubles, but doing so with an intent to profit from them.

With Sears’ revival, said Drain, Lampert “has the opportunity not to be a cartoon character … he should do that.”

The judge urged Lampert to continue to have a clear communication process with the company and its employees as he guides the emerged business.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: lauren hirsch, gregory bull
Keywords: news, cnbc, companies, creditors, lampert, eddie, granted, buy, drain, ruling, sale, life, letter, retailer, deal, bankruptcy, unsecured, sears, given, business, second, lamperts


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Look inside hedge fund billionaire Steve Cohen’s $33 million Manhattan mansion

Billionaire Steve Cohen’s 9,600-square-foot Manhattan triplex (yes, you read that right), is for sale and it’s listed for $33.5 million. The home, built in 1905, is located in the Abingdon, a luxe building described in the listing as “the most coveted prewar condo conversion in the heart of West Village.” Dubbed the Abingdon Mansion, Cohen’s condo was custom designed for “entertaining and showcasing important art.”


Billionaire Steve Cohen’s 9,600-square-foot Manhattan triplex (yes, you read that right), is for sale and it’s listed for $33.5 million. The home, built in 1905, is located in the Abingdon, a luxe building described in the listing as “the most coveted prewar condo conversion in the heart of West Village.” Dubbed the Abingdon Mansion, Cohen’s condo was custom designed for “entertaining and showcasing important art.”
Look inside hedge fund billionaire Steve Cohen’s $33 million Manhattan mansion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: sarah berger, source, christies international real estate, source christies international real estate
Keywords: news, cnbc, companies, manhattan, condo, cohens, yes, showcasing, steve, abingdon, mansion, million, billionaire, fund, triplex, inside, hedge, look, sale, west, village


Look inside hedge fund billionaire Steve Cohen's $33 million Manhattan mansion

Billionaire Steve Cohen’s 9,600-square-foot Manhattan triplex (yes, you read that right), is for sale and it’s listed for $33.5 million.

The home, built in 1905, is located in the Abingdon, a luxe building described in the listing as “the most coveted prewar condo conversion in the heart of West Village.” Dubbed the Abingdon Mansion, Cohen’s condo was custom designed for “entertaining and showcasing important art.”


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: sarah berger, source, christies international real estate, source christies international real estate
Keywords: news, cnbc, companies, manhattan, condo, cohens, yes, showcasing, steve, abingdon, mansion, million, billionaire, fund, triplex, inside, hedge, look, sale, west, village


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Miami estate sells for a record $50 million

An estate on Indian Creek Island sold for $50 million, making it the most expensive single-family home ever sold in the Miami area, according to people familiar with the deal. The property, at 3 Indian Creek Island Road, was not officially listed but had sold in 2012 for $47 million. At the time, that marked a record for the most expensive home ever sold in Miami-Date County. So with the current sale, the home will have set the Miami record twice. The names of the buyer and seller of Indian Cree


An estate on Indian Creek Island sold for $50 million, making it the most expensive single-family home ever sold in the Miami area, according to people familiar with the deal. The property, at 3 Indian Creek Island Road, was not officially listed but had sold in 2012 for $47 million. At the time, that marked a record for the most expensive home ever sold in Miami-Date County. So with the current sale, the home will have set the Miami record twice. The names of the buyer and seller of Indian Cree
Miami estate sells for a record $50 million Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: robert frank, the alexander team, douglas elliman
Keywords: news, cnbc, companies, property, estate, indian, expensive, sells, creek, miami, record, sale, sold, island, million, 50


Miami estate sells for a record $50 million

An estate on Indian Creek Island sold for $50 million, making it the most expensive single-family home ever sold in the Miami area, according to people familiar with the deal.

The property, at 3 Indian Creek Island Road, was not officially listed but had sold in 2012 for $47 million. At the time, that marked a record for the most expensive home ever sold in Miami-Date County. So with the current sale, the home will have set the Miami record twice.

The sale comes as the real estate market in South Florida has gotten off to a strong start of the year, helped in part by the new tax law that makes it more attractive to live in low-tax states.

The names of the buyer and seller of Indian Creek weren’t disclosed. The buyer of the property in 2012 was an LLC, and was purchased by a Russian businessman, according to news reports.


Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: robert frank, the alexander team, douglas elliman
Keywords: news, cnbc, companies, property, estate, indian, expensive, sells, creek, miami, record, sale, sold, island, million, 50


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