WebWe have 778 luxury homes for sale in The Hamptons, and 40,552 homes in all of New York. It was at her new home that Edith would fully cultivate her bohemian ways. She even met a famous Broadway producer who invited her to audition for a rolebut because Big Edie couldnt afford to keep supporting her, she returned to East Hampton, missing the opportunity. A spokeswoman at Mr. McGuires office said this week that he was no longer representing Ms. Hochberg. See our 2016 cover story on Schwazman, titled "The Master", Also see Schwarzman's comments for Forbes' 100th anniversary issue, This is a BETA experience. Even the contractor said, "'You've gotta tear it down. The Maysles brother, David and Al, on set. Architectural Digest may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. WebJonathan D. Gray (born February 4, 1970) is an American billionaire businessman and the president and chief operating officer of Blackstone Group, a New York-based asset management firm. While a few others are captured spending time at the mansion (Brooks, a handyman, Jerry, a young errand boy and companion, and Lois Wright, a local good friend of the family and occasional roommate), the women are mostly seen alone. (Ms. Hochberg had agreed in May to pay $31,750 for her stay in Montauk.). Jonathan Adler and Simon Doonans art- and design-filled summer home is a place for both creativity and downtime. Old houses have feelings." The lighting designer, Davis Mackiernan, installed very delicate downlights above the porch and in each of the dormer windows, so the house glows in the evening, says designer Jack Ceglic. The East Hampton home known as Grey Gardens is on the market for $19.995 million. 'Little' Edith Bouvier Beale, left, a cousin of Jacqueline Kennedy Onassis, at home with her mother, 'Big Edie,' in Grey Gardens, a run-down mansion in East Hampton, New York, 1975. In 1952, Little Edie continued to pursue a career in show business while living at the Barbizon Hotel in New York City. Shes a good person at work, shes extremely dedicated, Ms. Cardoso said of Ms. Hochberg. The Berman-Schechters said that afternoon that they had gotten their key back, but that they still hadnt been paid. [17] On 22 October 2022, The Wall Street Journal released an article by its editorial board in its printed edition, titled "Wall Street and Hong Kong's Strongman," mentioning Gray's name, and saying that "These executives may feel they have assets to protect in the city, but by kowtowing to Mr. Lee they are doing their reputations, and that of their companies, no good. She and her husband, Matthew Schechter, bought property there in 2008. Despite these claims, the court ruled in her favor, and the land issues with the East Hampton property were resolved soon after, leading her to build the home in the early 1900s. As the conflict between Ms. Hochberg and the Berman-Schechters intensified, people started to gossip. [34], In May 2017, the Grays announced they would be donating $21million to the Basser Center for BRCA at the University of Pennsylvania, bringing their total pledges to the initiative to $55million. She did not aggressively pursue the missing rent. WebJonathan Gray's House Sagaponack , New York (NY) , US Gray runs Blackstone's real estate business and is the latest billionaire to emerge from the worlds largest manager of private equity and property. He really began to garner major attention on Wall Street during the LBO boom of the mid-2000s when, as co-head of the unit, he oversaw the joint takeover of Trizec and the LBOs of Equity Office Properties and Hilton. [9], Gray was named in Fortune's "40 under 40,"[10] in 2009. Each sale listing includes detailed descriptions, photos, amenities and neighborhood information for The Hamptons. The Berman-Schechters say they made multiple attempts to settle with Ms. Hochberg, to no avail. The story of the mother-and-daughter duo and their rambling home later inspired a 2006 Broadway musical and an HBO movie starring Drew Barrymore and Jessica Lange, who won an Emmy in 2009 for her role. While Gray sees challenges in parts of the retail real estate market, he continues to be bullish on residential real estate because new supply is not keeping up with demand across the U.S. Upon introducing the Maysles brothers to Big and Little Edie at Grey Gardens, they started filming immediately. I doubt it. Also that afternoon, a representative of the property group that manages the Oriana, the Manhattan apartment building, said that the group would not comment. When private equity giant Blackstone Groupwent public in 2007, fewerthan a quarter of its $79 billion in assets under management were tied to real estate. Jonathan (Jon) Gray, president and COO of the Blackstone Group, vaulted into the ranks of the worlds 500 richest people after shares of the investment giant have soared amid a flurry of dealmaking and strong earnings. Is there a designer who has never stapled Little Edie to that seasonal mood board? Afterwards, Gray helpedcreate Invitation Homes and Logicor, and oversaw mega deals like GE's real estate portfolio, the Willis Tower in Chicago and Peter Cooper Stuyvesant Town in Manhattan. Several days before Ms. Hochberg was scheduled to move out, according to Ms. Berman-Schechter, her father, who was listed on the lease as an occupant of the house, called and asked that his daughter be able to stay. "[18] Gray later contracted COVID-19 and sent CFO Michael Chae to the event instead.[19]. The 1.2-acre property, which feels much larger thanks in part to neighboring protected fields, includes a toolshed turned studio, a pool house, a gym, and a barn-cum-guest house. She posted a picture of herself to Instagram that day, holding the door of the Berman-Schechters outdoor shower open. Thats why we took the job, because theres a certain simplicity and humility to the house, comments Fernandez-Casteleiro, and inside we made something extremely luxurious and beautiful.. (Ms. Hochbergs father, a retired liquor retailer, is on the board of directors for a high-rise called Montauk Manor, where he also owns an apartment, a four-minute drive from the Berman-Schechters home. He will oversee Blackstone's operations, which span private equity, credit investing and hedge funds, reporting directly to CEO Schwarzman. Ms. Berman-Schechter had never before run into this kind of tenant trouble. Ms. Hochberg said in a text message that her family has owned property in Montauk for 35 years. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. On June 12, Ms. Hochberg posted a picture of herself on Instagram standing underneath a Japanese dogwood tree in the Berman-Schechters garden. Blackstone Group Inc. President Jonathan Gray says now is a good time to invest in real estate and there are plenty of reasons why. The Real History Behind Grey Gardens, the Most Infamous Mansion in the Hamptons, San Francisco Chronicle/Hearst Newspapers via Getty Images. Martha Stewart's Hamptons House Tour Photos. Shot in a minimalist style sans soundtrack, voiceover narration, reenactments, or staged interviews, it feels raw and honest, even voyeuristic and invasive. Last year alone, the division sold $24.5 billion in property and made $20 billion worth of new investments. There's Gilded Age glamour, connections to the Kennedy dynasty, and raccoon skulls? Now Blackstone, the industry's biggest player, is also laying out its succession plans. WebJonathan D. Gray (born February 4, 1970) is an American billionaire businessman and the president and chief operating officer of Blackstone Group, a New York-based asset management firm. Global Financial Leaders' Investment Summit, "Jon Gray Skips Party, Afraid Record Buyout Will Fail", "Blackstone Reports Record Year: Jonathan Gray's Real Estate Group Chips In 60% Of The Profits Jewish Business News", "Jonathan Gray, Blackstone's Real Estate Wizard Behind the Curtain" By Matt Chaban, "Jon Gray is the future of Blackstone. My daughter wants to sue them, Mr. Hochberg told The Times. In private equity, firms like KKR, Carlyle, Apollo Global and Ares have all announced or set the stage for a second generation of leadership. Anyone can read what you share. The Berman-Schechters are far from the only landlords who have had trouble getting short-term tenants to pay rent or leave their rentals during the pandemic. On a text message thread with both Hochbergs after the call, she offered to help find Ms. Hochberg somewhere else to live. [35] In July 2019, it was announced that the Grays would donate a further $25million for research on pernicious genetic mutations that can lead to breast and ovarian cancer. Though its silver screen debut thrust Grey Gardens into the spotlight, the home has been the subject of rumors and gossip since before it was even built. Big Edie and Little in their bedroom sometime in the 1970s. Just over a year ago Goldman Sachs, headed by Lloyd Blankfein, named investment banker David Solomon and CFO Harvey Schwartz as co-presidents, firming up its succession plans. And when I say squalid, I mean raccoons-eating-the-bannisters, hoarders-level squalid. In Hilton, Blackstone and Gray had a number of gut checks in which the firm doubled down and convinced limited partners to follow suit. [27][29] In May 2012, Gray and his wife, Mindy Gray, founded the Basser Research Center,[30] named in honor of Mindy's sister, Faith Basser, who died of ovarian cancer at age 44. [42], In 1995, Gray married Mindy Basser at Temple Beth Zion Israel in Philadelphia; the ceremony was officiated by Rabbi Ira F. When Ms. Berman chooses tenants, she hopes to find people who respect the places history. [43] He lives in Manhattan with his wife and their four daughters. After the Berman-Schechters lawyer filed a petition asking a court to compel Ms. Hochberg to leave the house, Ms. Hochbergs lawyer, Christopher McGuire, used the 2019 tenant protection act to argue for dismissal. WebJonathan (Jon) Gray is President and Chief Operating Officer of Blackstone, and is a member of Blackstones Board of Directors. He became co-head of the real estate group in 2005 and global head of real estate in 2011,[6] overseeing a portfolio of hotel, office, retail, industrial, and residential properties in the U.S., Europe, and Asia. It was cold and rainy in Montauk that day. The landscape designer, Edwina von Gal, had all of the plants removed and put back after the renovation. In 2017, she began working as the partnerships and wellness director at Surf Lodge, a nightclub founded in 2007 by the Brazilian-born entrepreneur Jayma Cardoso. Photographer: Victor J. [+] Blue/Bloomberg Jonathan D. Gray. The fir panels lining the interior walls, with their nautical aura and slightly green cast, were meticulously removed and numbered during the renovation, so they could be reinstalled in place after the core was totally rebuilt. The Berman-Schechters lawyer, Brian Lester, withdrew the initial suit, which had been unsuccessful in prompting a settlement, and filed another to seek possession of the house and also to recover damages. In 1992, Gray joined Blackstone's mergers and acquisitions and private equity group,[5] and joined its newly formed real estate private equity group the following year. [5] His parents divorced when he was young. WebJonathan Gray's House Sagaponack , New York (NY) , US Gray runs Blackstone's real estate business and is the latest billionaire to emerge from the worlds largest manager of private equity and property. Big Edie quickly fell in love with Grey Gardens, which allowed her to enjoy a more relaxed and independent lifestyle. WebWe have 778 luxury homes for sale in The Hamptons, and 40,552 homes in all of New York. The full story of Grey Gardens is featured in season 2, episode 5 of House Beautifuls haunted house podcast, .css-1qproo8{-webkit-text-decoration:underline;text-decoration:underline;text-decoration-thickness:0.0625rem;text-decoration-color:#40699f;text-underline-offset:0.25rem;color:inherit;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;background-image:linear-gradient( to bottom, rgba(156,181,215,.2), rgba(156,181,215,.2));-webkit-background-position:0 100%;background-position:0 100%;background-repeat:repeat-x;-webkit-background-size:0 0;background-size:0 0;padding-top:0.05rem;padding-bottom:0.05rem;}.css-1qproo8:hover{color:#000000;text-decoration-color:border-link-body-hover;-webkit-background-size:0.625rem 3.125rem;background-size:0.625rem 3.125rem;}Dark House. Youre going to kick an almost 91-year-old man out in the middle of a global pandemic? she texted. Big Edie was professionally trained as a singer and pianist but was discouraged from pursuing her talents professionally, and instead, urged to wed. By 1917, when Big Edie was 22, she married 36-year-old Phelan Beale Senior, a future law partner at her fathers firm. The story starts in the Gilded Age. The Real History Behind Grey Gardens, the Most Infamous Mansion in the Hamptons There's Gilded Age glamour, connections to the Kennedy dynasty, and raccoon skulls? New York States Tenant Safe Harbor Act was intended to help those affected by the pandemic. Gray runs Blackstone's real estate business and is the latest billionaire to emerge from the worlds largest manager of private equity and property. Quinn and Bradlee purchased the three-story home for $220,000, Quinn, who could not be reached for comment, told The Wall Street Journal. He sits on its Management Committee and most of its investment committees. She did not run a background check that could have revealed an eviction case filed against Ms. Hochberg by River Tower Owner LLC, the corporation that owns the Oriana, a luxury high-rise in Manhattan. Big Edie had a lover named Gould Strong during the '40s, who was a musician and likely lived (at least part-time) at the mansion, but they parted ways by the early 1950s. Radziwill's movie was scrapped (it was later released as That Summer in 2018) and focus shifted to Big and Little Edie, who were happy to deliver an Oscar-worthy performance. Quinn is now selling the home, listing it for $17.9 million with Corcoran. It seemed upset. Along with interior design, she writes about everything from travel to entertainment, beauty, social issues, relationships, fashion, food, and on very special occasions, witches, ghosts, and other Halloween haunts. Sadly, in 1964 Logan passed away on his cot in the kitchen, either from complications from pneumonia or consumption, and the home deteriorated further. 50 insiders reveal how the superinvestor consolidated power, elbowed out rivals, and is remaking the firm in his golden-boy image", "Investment strategy: The new property barons", "Blackstone to Check Out of Hilton Investment", "Blackstone's Hilton Deal: Best Leveraged Buyout Ever - Bloomberg", "40 under 40 - Jonathan Gray (7) - FORTUNE", "Blackstone Exits Single-Family Rental Bet Slammed by Warren", "Wall Street as Landlord: Blackstone Going Public with a $10 Billion Bet on Foreclosed Homes", "Warren Calls Out Blackstone for "Shameless" Profies From Housing", "Blackstone's Homegrown Dealmaker Finally Makes It to the Top", "Opinion | Wall Street Courts Hong Kong Strongman John Lee", "Three Top Bankers Pull Out of Hong Kong's Global Finance Summit", "Trump Said to Discuss Treasury Post With Blackstone's Gray", "Blackstone executive Jonathan Gray won't serve as Treasury secretary", "The Wallets of Wall Street Are With Joe Biden, if Not the Hearts", "Private-Equity Leaders Place Their Presidential Bets", "Joe Biden's fundraiser list includes more than 30 executives with Wall Street ties", "Joe Biden to host more than 250 donors from Wall Street, big business at NYC fundraisers here's the guest list", "Blackstone COO Jonathan Gray On Giving To Education, Cancer Research", "Blackstone President Jonathan Gray Donates $25 Million To Tackle Deadly Breast Cancer Gene", "Basser Center for BRCA Abramson Cancer Center", "Blackstone's Gray Becomes Billionaire Amid Property Wager", "The 2013 Basser Global Prize - Bassser Research Center for BRCA -Penn Medicine", "Penn Medicine's Basser Research Center for BRCA Announces Additional $5 Million Gift from Mindy and Jon Gray to Fund External Research Grant Program", "The T&C 50: The Top Philanthropists of 2016", "Blackstone's Gray Gives $21 Million to Hit Cancer Close to Home", "$55 million gift to Penn is aimed at stopping breast cancer before it starts", "University Of Pennsylvania Receives $55 Million Gift To Study, Treat Hereditary Cancers", "Blackstone's Gray Gives UPenn $55 Million for Cancer Prevention", "New York Seeks to Jump-Start College Savings by Giving Cash to Kindergartners' Parents", "Blackstone's Gray Donates $10 Million for Financial Aid at UPenn", "Money for Kindergartners, Spendable on College", "WEDDINGS - Mindy Basser, Jonathan D. Gray", https://en.wikipedia.org/w/index.php?title=Jonathan_D._Gray&oldid=1147945563, Wharton School of the University of Pennsylvania alumni, Articles with unsourced statements from April 2016, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 3 April 2023, at 05:15. Through an intermediary, she told the Berman-Schechters that she would move out on Oct. 12. Sadly, tension was emerging between Big Edie and her husband, who was embarrassed by her bohemian tendencies, which seemed to evolve further the more time she spent at Grey Gardens. Then she asked Ms. Hochberg. The move is part of a careful succession at Blackstone. Hadley Mendelsohn is House Beautiful's senior design editor and the co-host and executive producer of the podcast Dark House. With Equity Office Properties, Gray's team quickly sold off portfolios of non-core assets, putting the deal in good financial shapeahead of the downturn. Soon after the listing came the worst real estate downturn in at least a generation and it sat at the epicenter of a severe financial crisis. WebJonathan D. Gray (born February 4, 1970) is an American billionaire businessman and the president and chief operating officer of Blackstone Group, a New York-based asset management firm. [11], In 2013, Gray helped create a business venture through Blackstone called Invitation Homes to buy foreclosed single-family houses and turn them into rentals.
