All posts tagged: Estate

What’s Worth More Than Cash in San Francisco Real Estate? Anthropic Stock

What’s Worth More Than Cash in San Francisco Real Estate? Anthropic Stock

Published by skeptic

Few things are more valuable in the Bay Area than real estate. In San Francisco, the median house price is now over $2 million. Last month, at least seven houses in the city sold for $1 million over the asking price, and buyers regularly offer to pay in cash or waive contingencies to stay competitive. Yet there is one thing that remains even more valuable than a house, and possibly more valuable than money itself: stock in Anthropic or OpenAI. Last week, 160 Noe Street, an Edwardian home in San Francisco’s desirable Duboce Triangle neighborhood, was listed for sale at $2.9 million—or the equivalent amount in Anthropic or OpenAI shares, as based on those companies’ current valuations. Rachel Swann, the listing agent, says she was inspired to set these unusual terms after meeting several Anthropic employees at an open house for a different property. “These people have a lot of paper wealth, but they don’t always have the liquidity to do things they want,” Swann says. Some of these employees were expecting to come into …

Sotheby’s Offers Art and Design From Estate of Dealer Barbara Gladstone

Sotheby’s Offers Art and Design From Estate of Dealer Barbara Gladstone

Published by Jenni Sidey

During its New York design week (June 5–11), auction house Sotheby’s will offer art and design from the estate of revered art dealer Barbara Gladstone, who died in 2024 at age 89. The 140 lots on offer include contemporary art, modern and contemporary design, prints, and photographs and are estimated to bring between $6.9 and $10 million. The sale takes place on Tuesday, June 9, with a public preview exhibition opening June 2 at the house’s Madison Avenue headquarters. The house previously sold a dozen contemporary artworks from Gladstone’s collection as part of a May 15 sale. Including pieces by Carroll Dunham, Sigmar Polke, Elizabeth Peyton, Richard Prince, Rudolf Stingel, and Andy Warhol, the group sold for $18.5 million (with fees) against a high estimate of $12 million (not including fees), with all finding buyers and 75 percent of them selling above their high estimate. Related Articles The art and design sale, in addition to works by artists such as Matthew Barney, Anish Kapoor, Alex Katz, Yayoi Kusama, Peyton, Prince, and Amy Sillman, includes significant …

Hundreds of feral kids take over Nottingham estate – cops say they’ve crossed a line

Hundreds of feral kids take over Nottingham estate – cops say they’ve crossed a line

Published by Sam Flores

An exasperated worker has been forced to temporarily close his shop because of the “mad behaviour” of youths, who have hurled milk at strangers and set fires at a park. Drawn by social media and the hot, sunny weather, hundreds of teenagers have been descending on Southglade Park, in Bestwood, over the past week. On Wednesday, May 27, Nottinghamshire Police issued a 48-hour dispersal order for large parts of the estate, as well as Top Valley, which was then extended to Saturday morning. The force reported kids had been fighting, setting small fires, abusing shop staff, throwing stones, riding bikes in front of moving vehicles and intimidating people. Workers at Premier, a convenience store in Southglade Road, have been feeling the brunt of the problems. Shop assistant Suthan Maniam said he had witnessed crowds of up to 200 teenagers, aged between 13 and 17, gather at the park opposite the store. He said he believed most of the kids were coming from outside the area and had been drawn to the field by social media …

John McClain dead: Co-executor of Michael Jackson estate was 71

John McClain dead: Co-executor of Michael Jackson estate was 71

Published by Sam Flores

John McClain, a musician and record executive who helped power Janet Jackson’s ascent to pop stardom before serving as a co-executor of the estate of Jackson’s brother Michael, died Tuesday in Los Angeles. He was 71. His death was confirmed by Diana Baron, a representative of the estate, who said McClain died from complications of a fall. “I am profoundly grieved at the loss of my partner and brother,” said attorney John Branca, co-executor of the Michael Jackson estate with McClain. In a statement, he described McClain as “one of the great innovators in the world of music and music marketing” and said “it is difficult to imagine a world without him.” Named to their posts in Michael Jackson’s will, McClain and Branca steered Jackson’s estate from financial and reputational ruin at the time of the pop star’s death in 2009 — much of it due to the multiple allegations of child sexual abuse against the singer — to the enormous success of posthumous projects including the concert film “This Is It,” the Cirque du …

Michael Jackson Estate Co-Executor Was 71

Michael Jackson Estate Co-Executor Was 71

Published by Daniella Wilson

John McClain, the music executive who served as co-executor of Michael Jackson‘s estate for over a decade, has died. He was 71. McClain died Tuesday following complications from a fall, representatives for the executive said, adding that he was “surrounded by loving friends and his nephew Warner Wright.” A Los Angeles native, McClain worked closely with the Jackson family since the 1980s, after getting his start in the business as a music director and session musician, with credits on records for the likes of Gladys Knight, Diana Ross and Lionel Richie. McClain grew up around music; his father opened the It Club, which hosted jazz legends like Miles Davis and John Coltrane, while his mother was a pianist. After he was appointed director of Black music at A&M Records, he played a key role in developing Janet Jackson into a superstar, bringing her together with production duo Jimmy Jam and Terry Lewis, leading to the creation of the albums Control and Rhythm Nation. He joined Interscope in the label’s early days, playing a major role …

More than 60 firefighters at scene of large fire on industrial estate

More than 60 firefighters at scene of large fire on industrial estate

Published by Sam Flores

A large fire has broken out at an industrial unit in Oldbury. Emergency services were called to the blaze on the Rood End Road Industrial Estate shortly before 5:30am today. West midlands Fire Service said the incident involves a single storey factory building. Credit: West Midlands Fire Service” loading=”lazy” width=”300″ height=”225″ decoding=”async” data-nimg=”1″ class=”rounded-lg” style=”color:transparent” fifu-data-src=”https://i0.wp.com/s.yimg.com/ny/api/res/1.2/X0EVzKDpKfRTxbFH5VQlwQ–/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTMxNTtjZj13ZWJw/https://media.zenfs.com/en/itv_news_193/249cd313bd4da6a24ab63b1e458109ac?ssl=1″/> Two hydraulic platforms are being used to control the fire at the industrial unit in Oldbury. Credit: West Midlands Fire Service There are more than 60 firefighters from Smethwick, West Bromwich and Handsworth are on the scene, using 10 fire engines and specialist equipment including hydraulic platforms and aerial drones. Advertisement Advertisement Advertisement Advertisement A spokesperson from the fire service said: “This is likely to be a protracted incident and further significant updates will be provided when available. “Local Residents are advised to keep windows and doors closed and avoid the area.” Reporting History sees journalists join News At Ten anchor Tom Bradby to revisit their remarkable on-the-day reports of the defining events of the modern age. Listen to …

Top Gear and Strictly star Quentin Willson’s staggering estate he leaves behind

Top Gear and Strictly star Quentin Willson’s staggering estate he leaves behind

Published by Daniella Wilson

Former Top Gear and Strictly Come Dancing star Quentin Willson left behind a staggering £1.8 million estate for his beloved family, new legal documents have revealed. The motoring icon passed away last year at the age of 68 following a “short battle with lung cancer,” leaving behind his wife Michaela and their three children, Mercedes, Max, and Mini. On Tuesday, The Sun revealed that Quentin’s wife and three children were the sole beneficiaries of his will. The late star had left £1,921,590 in his estate; however, following taxes and costs, this was reduced to £1,856,615. Quentin’s will, which was written in 2003, was signed off by the High Court last week. Quentin’s passing Quentin died on 8 November, with the family confirming the sad news in a statement. “The family of Quentin Willson, television presenter and producer, motoring journalist, author, and campaigner, wish to announce that he passed away peacefully surrounded by his family on Saturday 8th November, following a short battle with lung cancer,” it read. “He was 68. A true national treasure, Quentin brought …

Pace Gallery Takes Representation of Brâncuși Estate

Pace Gallery Takes Representation of Brâncuși Estate

Published by José Betancourt

Hours before a $100 million sculpture by Constantin Brâncuși is to come to auction, Pace Gallery announced that it had taken global representation of the Romanian modernist’s estate. Pace, one of the biggest galleries in the world, added Brâncuși to its roster as a retrospective for the artist continues to travel the world. Organized by the Centre Pompidou in Paris, which debuted the exhibition in 2024, the retrospective is currently on view at the Neue Nationalgalerie in Berlin and arrives later this year at the Museum of Modern Art in New York. Related Articles Brâncuși is among the most beloved European modernists. His work is prized for its simplicity: He crafted a bird from an arc of marble, a sleeping head in bronze, a kissing couple from a block of plaster, and a column from a towering piece of oak. In using such a minimalist vocabulary, Brâncuși sought to pare familiar forms to their very basics, evoking the elegance of ancient artworks in the process. The artist died in 1957, and his estate has since …

Big lenders finally swallow huge losses on distressed commercial real estate

Big lenders finally swallow huge losses on distressed commercial real estate

Published by Sam Flores

Commercial real estate lenders are done pretending. After years of waiting and hoping that the market would improve, they’re selling off debt on struggling U.S. assets, sometimes writing down as much as 85% of the loan’s payoff amount. Lenders including Goldman Sachs Group Inc. and Deutsche Bank, as well as smaller companies, are showing more willingness to foreclose on troubled properties or offload nonperforming loans, even if it means steep losses. It’s painful, but they say it’s necessary to chip away at more than $130 billion in distressed commercial-property debt. It signals the end of the extend-and-pretend era, when lenders cited a murky outlook on interest rates and limited comparable transactions as reasons to give struggling borrowers more time — and to hold on to asset valuations that seemed, even then, optimistic. Selling troubled loans also helps free up cash to invest in new opportunities that arise from the upheaval. “If you’re on the wrong side of one of those transactions, it can feel catastrophic if you have to report to investors you’ve lost their …

Michael Jackson’s estate will see more than 0k returned in huge victory for daughter Paris

Michael Jackson’s estate will see more than $600k returned in huge victory for daughter Paris

Published by Daniella Wilson

Get the inside track from Roisin O’Connor with our free weekly music newsletter Now Hear This Get our free music newsletter Now Hear This Get our free music newsletter Now Hear This Paris Jackson has won big in her legal battle against the executors of her father Michael Jackson’s estate. A Los Angeles judge has ruled in favor of the 28-year-old daughter of the late pop star after she raised concerns last year over $625,000 in bonuses that were paid by executors John Branca and John McClain to third-party law firms in 2018. Paris became one of the beneficiaries of Michael’s estate after his death in 2009, along with her brothers Prince and Bigi. Now, the money will have to be returned to the estate in a new ruling demanding transparency in the way that the Jackson family’s money is spent. “Paris has always been focused on what’s best for her family and this ruling is a massive win for them,” a spokesperson for Paris said in a statement shared with The Independent. “After years …