Justin Timberlake’s Home: A $4.774 Million Loft for the Artist:Justin Timberlake is everywhere. If he is not recording a new album or touring to promote it, he is doing the press junket for a new movie, opening another restaurant, or, most recently, launching a home furnishings line. The guy who started out on “The Mickey Mouse Club”, and as one fifth of the popular ‘90s-era boyband, N’Sync, has certainly diversified. He is the most successful of the artists to emerge from his former pop group, and his personal life has received as much coverage as his professional life over the years. Of late, he has seemed more interested in building an entertainment and fashion empire than making new music, but that seems to be the way of many stars nowadays. Back in the early 2000s, just before the members of N’Sync decided to part company, he purchased a massive 12,545 square foot home in the Hollywood Hills for just over $8 million dollars. As his solo career took off, and he began adding more acting work to his agenda and restaurants to his portfolio, it became necessary to find a home on the East Coast as well. In late 2008, he purchased a $4.774 million, 3000 square foot condo on Washington Street in lower Manhattan. The three-bedroom, three-bath loft sports arched floor-to-ceiling windows, a massive living room, a completely new open plan kitchen, a master bedroom with wrap around windows, gorgeous views of the Hudson river, a state-of-the-art lighting and sound system, and keyed elevator access that opens directly into the apartment. Though his relationship with actress Jessica Biel has come and gone repeatedly, he seems content with his two home purchases, and it looks like his Manhattan loft will remain part of his ever-expanding portfolio.
Pending home sales in California flat in May:Pending home sales in California remained flat in May but posted double-digit gains from the previous year for the fourth consecutive month, the Los Angeles-based California Association of Realtors reported today. Additionally, the share of distressed sales continued to decline from year-ago levels, signaling a return of non-investors to the housing market, according to a CAR statement. CAR's Pending Home Sales Index was unchanged in May from a revised 128.8 in April, based on signed contracts, but was up from the 115.8 index recorded in May 2011, it said, adding that May marked the 13th straight month that pending sales were higher than the previous year. According to CAR, pending home sales are forward-looking indicators of future activity, providing information on the future direction of the market. "Despite a slowdown in economic growth in recent months, sales in California remain strong as record low mortgage rates and favorable home prices continue to fuel demand in the housing market," said CAR President LeFrancis Arnold. "The strong results in pending sales double-digit year-over-year gains in the last nine out of 10 months suggest solid housing market performance for the state in the upcoming months."
Miami Heat victory party at LIV: LeBron, D-Wade, Bosh and Co. rack up $200,000 bar tab in all-night bash:That's what the Dallas Mavericks did last year after clinching the O'Brien at the AmericanAirlines Arena, with Dirk Nowitzki and company hammering down a monster magnum of Ace of Spades champagne en route to ringing up a $110,000 bar tab, happily paid by victorious Mavs owner Mark Cuban. On Thursday night — and, really Friday morning the Miami Heat washed away the agony of that defeat and threw themselves whole-hog into the thrill of victory, taking over LIV and casting aside Cuban's credit-card bill like it was a receipt for your airport sandwich. The Heat reportedly dropped (at least) $200,000 on their post-Finals victory party, an all-night rager that reportedly cost a stack to enter and featured surprise performances, dancing women twirling flaming sticks, carbon dioxide guns and an awful lot of your favorite hip-hop classics (read: the four songs on the radio now). That's an especially staggering sum when you consider that they've got seven more of these to cover. Shortly after 2:30 a.m. players began arriving and filling up the main stage at LIV which had been turned into a massive VIP area reserved just for the Heat. Along with Chris Bosh, Udonis Haslem, Joel Anthony, Shane Battier, Norris Cole, Juwan Howard and others, the Heat filled the area to capacity. (Bosh was the last to arrive at 4:30 a.m.). LIV had to close its doors to the public by 3 a.m. once the team had arrived, already nearing capacity, and then it was time to pop bottles of champagne — an estimated tab of over $200,000 — including the legendary Ace of Spades super magnum-sized champagne (we're talking 15 liters of bubbly, people, with a sticker price of $75K). Heat owner Mickey Arison and coach Eric Spoelstra also stopped by to celebrate. Wade wore a t-shirt that read "Team No Sleep", and James, who wore a t-shirt adorned with a vampire version of his face, eventually took to the microphone and attempted to sing to the crowd. Several players took turns shooting the CO2 guns and filling the room with "White Hot' smoke.