08 6 / 2012
"Brokers and developers around town say Mr. Loeb and his wife are quietly shopping the 10,674-square-foot space, which he bought in 2008 for $45 million, and are in search of something larger. “I heard he wants $100 million,” Mr. De Niro said."
The hedonic treadmill strikes again. You buy a 10,674-square-foot apartment, you’re on top of the world, but then, a few years later, you start thinking, wouldn’t it be nice to have a bit more space?