Thursday, 29 Oct 2020

Mystery flipper tries for $27M profit on Hamptons’ priciest home sale in years

APA Signs ‘Pet Sematary’, ‘Siesta’ Director Mary Lambert

APA has signed Mary Lambert, the director of the original Pet Sematary.

Lambert, whose additional credits include Pet Sematary Two, Siesta, The In Crowd and Face of Evil;  is currently helming the Netflix holiday romantic comedy A Castle For Christmas starring Brooke Shields and Cary Elwes.

Lambert’s 1989 film adaptation of Stephen King’s horror novel remains the highest grossing horror film directed by a woman.

The director has helmed a number of music videos for some of music’s most notable figures including Debbie Harry, Janet Jackson and Madonna.

In addition to feature films and music videos, Lambert has directed a number of documentaries including 14 Women, Bobby Brown His Prerogative and Trading Places.

The filmmaker has also ventured into the TV realm, helming episodes for Arrow, The Blacklist, Strange Frequency and Tales from the Crypt.

Lambert continues to be managed by Pebble Entertainment, and by attorney David Nochimson.

European Economics Preview: Eurozone Economic Confidence Data Due

Economic confidence from euro area and mortgage approvals data from the UK are due on Tuesday, headlining a busy day for the European economic news.

At 2.45 am ET, the statistical office Insee publishes France’s monthly consumer confidence survey data for September. The consumer sentiment index is forecast to fall marginally to 93.0 from 94 in August.

At 3.00 am ET, Sweden’s National Institute of Economic Research is scheduled to issue consumer and manufacturing confidence data.

In the meantime, flash consumer prices and retail sales from Spain and unemployment from Hungary are due. Spain’s consumer prices are forecast to drop 0.5 percent annually in September, the same pace of decrease as seen in August.

At 4.00 am ET, Italy’s Istat is slated to release producer prices for August.

Half an hour later, the Bank of England publishes mortgage approvals data for August. The number of mortgage approvals is forecast to rise to 73,000 from 66,300 in July.

At 5.00 am ET, European Commission releases economic sentiment survey data. The euro area economic confidence is forecast to rise to 89 in September from 87.7 in August.

At 8.00 am ET, Destatis is set to issue Germany’s flash consumer prices for September. Consumer prices are forecast to drop 0.1 percent on year, after staying flat in August.

Coinbase resumes trading after fixing platform issue

(Reuters) – Coinbase Inc has resumed trading on Coinbase Pro after resolving an issue with the trading platform, the cryptocurrency exchange said on Monday.

“We’ve implemented a fix and are monitoring the results,” the company said in a tweet.

The exchange had disabled trading on Coinbase Pro earlier in the day, saying it was investigating an issue with the platform. (bit.ly/3jFAyxC)

Protesters seize Kyrgyzstan's seat of government: Reports

BISHKEK, KYRGYZSTAN (AFP) – Anti-government protesters in Kyrgyzstan seized the building housing the country’s Parliament and presidential administration on Tuesday (Oct 6), local media reported, after demonstrations over a disputed parliamentary election.

Photos published by Radio Free Europe’s Kyrgyz service showed protesters walking around the country’s main house of government.

Several local media outlets also reported the seizure.

Northern Star Agrees to Add Saracen in Australian Gold Merger

Northern Star Resources Ltd., Australia’s second-largest gold producer, agreed to buy smaller rival Saracen Mineral Holdings Ltd. to add output amid surging prices and win savings by combining their assets.

Perth-based Northern Star will offer 0.3763 of its shares for every Saracen share, the company said in a Tuesday statement, equivalent to A$5.20 a share, according to Bloomberg calculations. The combined company will have a market valuation of about A$16 billion ($11 billion), according to the statement.

The two companies already share ownership of Australia’s giant Super Pit mine in Kalgoorlie, Western Australia, and a wider combination would deliver as much as A$2 billion in savings over 10 years, Northern Star said.

Trump leaves hospital to return to White House

WASHINGTON (Reuters) – U.S. President Donald Trump on Monday left the Walter Reed National Military Medical Center where he was receiving treatment for COVID-19 to return to the White House.

Wearing a mask, Trump walked from a hospital building to a limousine that took him to Marine One for the short helicopter flight to the White House.

He replied to a shouted question by a reporter about how many people are infected at the White House by saying: “Thank you very much.”

Coinbase resumes trading after fixing platform issue

(Reuters) – Coinbase Inc has resumed trading on Coinbase Pro after resolving an issue with the trading platform, the cryptocurrency exchange said on Monday.

“We’ve implemented a fix and are monitoring the results,” the company said in a tweet.

The exchange had disabled trading on Coinbase Pro earlier in the day, saying it was investigating an issue with the platform. (bit.ly/3jFAyxC)

Mystery flipper tries for $27M profit on Hamptons’ priciest home sale in years

They’re flipping out.

One ambitious buyer is trying to flip a record-setting Hamptons property he bought earlier this year for $27 million more than he paid for it.

A mystery buyer bought a compound on Windmill Lane in East Hampton for $45 million in April. It was the priciest home sale in the Hamptons since 2016.

He’s now put it back on the market for $72 million.

Perhaps this property owner is hopeful that the rise in Hamptons home prices and the demand for lavish properties out east due to the coronavirus will boost his chances of getting a buyer to pay top dollar for the estate, located at 36 and 32 Windmill Lane.

The compound, repped by Corcoran listing broker Gary DePersia of Corcoran (who also represented the seller when he bought in April), sits on 6.7 acres, with 300 feet on the ocean.

It was built in 1989 for the late James H. Evans, the former chairman of railroad company Union Pacific, who died in 2015.

The estate features a 5,900-square-foot home on 5.4 acres, and a three-bedroom guest house on its own 1.3 acres.

There’s opportunity to expand the size of both homes — and there’s also room for tennis courts.

Share this article:

Related Posts