HFZ’s Ziel Feldman sells Hamptons home for $50M

first_imgMessage* The original property that sat on the Dune Road site last traded in 2000 for $4.35 million, according to Realtor.com. It was listed in 2011 for $34 million, but didn’t sell.In 2014, the 10,000-square-foot home was badly damaged by fire, triggering arson charges against former real estate agent David Osiecki.Feldman subsequently replaced the fire-damaged home with a new, modern mansion measuring more than 8,000 square feet. The property has seven bedrooms, four bathrooms and a pool, according to Zillow.The $50 million sale price makes it one of the bigger trades in the Hamptons of late. The average sales price for luxury homes there in the third quarter of 2020 was $7.7 million, up from $5.2 million in the same period the year prior, according to data from Douglas Elliman.Last September, a sprawling estate near Feldman’s home on Dune Road was listed for $72 million, making it the priciest public listing in the area at that time. (The tally doesn’t take into account off-market listings, which many wealthy sellers prefer.) The 8,000-square-foot home at 271 Dune Road was later pulled from the market and listed as a rental.The sale of Feldman’s property comes at a difficult time for the developer, whose firm is contending with a barrage of lawsuits from lenders and investors over allegations of defaulted loans and unpaid bills.The tumult at HFZ has shaken not only the company’s condo projects but also the lavish living situations of Feldman and his former business partner, Nir Meir, who abruptly left the firm in December. HFZ lender Monroe Capital is currently trying to eject Meir from his Hamptons home, claiming the former HFZ executive does not have authority to live there. A spokesperson for Meir refuted the claims, telling TRD last week that they planned to file a motion to dismiss the action.In November, Feldman listed his penthouse at the Marquand condominium in Manhattan for $39 million. A month earlier, he sold his 18,500-square-foot home in Englewood, New Jersey, after nine years on and off the market.Keith Larsen contributed reporting.Contact Sylvia Varnham O’Regan Full Name* Email Address* Share via Shortlinkcenter_img Ziel Feldman and 187 Dune Road (Getty, Google Maps)UPDATED Jan. 8, 8:40 am: Embattled HFZ Capital Group founder Ziel Feldman has sold his Hamptons mansion for $50 million, The Real Deal has learned.A source familiar with the matter said the property at 187 Dune Road in Bridgehampton sold in an off-market transaction that closed late last year. Page Six on Thursday night reported the buyer to be sports merchandise mogul Michael Rubin.Douglas Elliman’s Erica Grossman represented Feldman and Gary Cooper of Hedgerow Properties brought the buyer, the source said. The news was first reported by Hamptons Hot Sheet.Grossman and Cooper did not respond to requests for comment. Feldman also did not respond.Read moreHow HFZ became the face of Manhattan’s condo woesHFZ is behind on $160M in payments at the XI: lenderHFZ lays off staff as legal and financial problems mount Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink TagsHamptons real estatehamptons-weeklyHFZ Capital Grouptristate-weeklyziel feldmanlast_img read more

Why the death of George Floyd has resonated throughout the NBA

first_img Chris Paul, Russell Westbrook and other NBA stars pay tribute to Kobe Bryant Legions of fans have been waiting for months to see NBA players gather again in the same building — but not like this.The scene at Minneapolis City Hall was grim and somber, as Stephen Jackson — flanked by Karl-Anthony Towns, Gary Trent Jr. and Josh Okogie among others — spoke passionately and painfully about George Floyd, the man he called “my twin” for their close physical resemblance.Floyd’s death is now famous nationwide after a video was released showing his arrest: While Minneapolis police officer Derek Chauvin pinned him to the ground with his knee across Floyd’s neck, Floyd complained that he couldn’t breathe before eventually appearing to pass out. Bystanders asking Chauvin to stop the chokehold were largely ignored. Floyd was later pronounced dead at a local hospital.“A lot of times, when police do things they know that’s wrong, the first thing they try to do is cover it up, and bring up their background to make it seem like the (expletive) that they did was worthy,” said Jackson, a 14-year NBA vet who once played for the Clippers. “When was murder ever worthy? But if it’s a black man, it’s approved.” The momentum of outrage of Floyd’s death, however, has spurred consequences: Four officers involved in the arrest were fired; as of Friday, Chauvin had been arrested and charged with third degree murder. Protests sparked throughout the country, with at least seven people shot in Louisville and the destruction of a police precinct in Minneapolis. Public officials have been caught between attempting to empathize with the frustration of citizens tired of the deaths of black people at the hands of police, while also hoping to maintain a sense of order as riots have escalated.While NBA stars have long been vocal about this particular issue, perhaps most memorably dating back to the death of Trayvon Martin in 2012, the NBA is particularly close to this case. In addition to being Jackson’s friend, Floyd died in Minneapolis, an NBA market. While in another year, the NBA playoffs might keep some occupied from speaking out on social issues, with the league on hiatus, off-court interests are especially piqued, and frustration is being expressed throughout the NBA about Floyd’s death and other similar cases in the last few months.The scale of these responses has spread throughout whole organizations: In an internal memo reported by The Atlanta Journal-Constitution, the Atlanta Hawks announced they would bring in a diversity expert to conduct a workshop for company employees, and invited anyone disturbed by the high-profile deaths to speak out. But many are reacting as individuals, as concerned citizens dismayed by what they see as a chronic injustice.“It’s a sad thing to see young minorities being murdered on camera by people supposed to protect us,” Lakers guard Quinn Cook told Southern California News Group. “You don’t know what can happen. We need to pray for our country, pray for George Floyd and his family, and we have to keep being a voice for reason.”There’s an inherent tension for black athletes between the game and league that has helped them become famous, and the reality that many black people still face profiling and excessive violence for the color of their skin. On “Get Up” on ESPN, former player Jalen Rose spoke to the juxtaposition: “I wish America loved black people as much as they love black culture. Video: What LeBron James said about Jacob Blake … ‘Black people in America are scared’ “We’re not here designed only to entertain,” Rose added. “We’re actually living and breathing human beings that have a multitude of intelligence, work ethic, discipline and talent.”Recent years have seen the NBA’s biggest stars make efforts to expand the scope of their influence, perhaps no one moreso than the Lakers’ LeBron James. His media company Uninterrupted carries the tagline: “More Than An Athlete.” He famously has skirmished with conservative show host Laura Ingraham, who once advised him to “shut up and dribble” (James later backed a documentary by the same name about the history of social activism in sports).In the last few days, James has tweeted frustration about the death of Floyd, posted a photo of himself wearing an “I CAN’T BREATHE” T-shirt from when Eric Garner died in 2014, and posted workout videos of himself listening to hip-hop group Public Enemy’s “Fight The Power.”But James is far from the only NBA luminary to weigh in, and not all are black: Golden State Steve Kerr tweeted early in the week that he believed the Floyd video showed a case of murder. In an interview with Yahoo Sports, Kerr underlined that the black community needs white advocates to help enact real change.“I think most people in my circle can talk about this stuff and we are horrified. And then we move on. Move on to the next day,” Kerr said. “Human nature is to live your own life, take care of yourself, take care of your family. When you see something horrifying, you wanna do something about it. But when you don’t live it, when it’s not in your backyard, not your children, it’s easier for things to slide by. Even when people are outraged.”Related Articles Photos: Lakers defeat Trail Blazers in Game 4 of first-round playoff series Newsroom GuidelinesNews TipsContact UsReport an Error For Lakers’ LeBron James, Jacob Blake’s shooting is bigger issue than a big Game 4 victory On Mamba Night, the Lakers make short work of Blazers to take 3-1 series lead last_img read more