Ken Griffin’s House Hits 60,000 Square Feet

Ken Griffin’s House Hits 60,000 Square Feet

 

Read original From The Shiny Sheet

Palm Beach resident Ken Griffin today got the official green light to expand slightly the long-and-lean seaside house he wants to build on Billionaires Row, where the hedge-fund billionaire already had earned town approval for a residence stretching more than a football field in length.

The house’s main level increased by almost 4,500 square feet of interior space to just under 38,000 square feet in the revisions unanimously approved by the Architectural Commission. The service basement adds another 22,300 square feet, creating a 60,000-square-foot building.

The house at 1265 S. Ocean Blvd. now measures 476 feet in length — 10½ feet longer […] Read more

Hedge Fund Pioneer E. Lee Hennessee-Gradante Found Dead

Hedge Fund Pioneer E. Lee Hennessee-Gradante Found Dead

It is with great sadness that the PBHFA learns of hedge fund pioneer E. Lee Hennessee-Gradante sudden passing at the age of 64.

From the Palm Beach Post

 

She was found in her $1.6 million condo Saturday, but her identity was not immediately released by police.

“Lee touched us all in a way that will have a lasting positive impact on my life and the lives of so many others,” said Charles Gradante, her husband and business partner and fellow media pundit, in a statement.

E. Lee Hennessee-Gradante

She broke ground as a woman on male-dominated Wall Street, creating a hedge fund index and becoming a […] Read more

Ken Griffin Signs $114 Million Mortgage For Massive Palm Beach Home

Ken Griffin Signs $114 Million Mortgage For Massive Palm Beach Home

From South Florida Business Journal:

By: Brian Bandell

 

A company controlled by hedge fund billionaire Kenneth Griffin took out two mortgages for a combined $114 million on land in Palm Beach that he intends to build a mansion on.

JPMorgan Chase Bank awarded the mortgages of $101.25 million and $12.75 million to Blossom Way Holdings, led by Griffin as the founder and CEO of Chicago-based Citadel. Forbes pegged his net worth at $7.5 billion.

Palm Beach recently approved his plans for a massive home there, but construction hasn’t started.

The larger loan covers 7.84 acres at 20-50 Blossom Way with beachfront […] Read more

Palm Beach Hedge Funder Donates $40 Million To MoMA

Palm Beach Hedge Funder Donates $40 Million To MoMA

MoMA Receives $40 Million Gift from Kenneth C. Griffin Charitable Fund

The Museum of Modern Art announced today that the Kenneth C. Griffin Charitable Fund, a fund created by Citadel Founder and CEO Kenneth Griffin, has made a gift of $40 million to MoMA. The gift is one of the largest that MoMA has received in its 85-year history.

[…] Read more

Ken Griffin Buys A Castle In The Sky

From Miami Herald BY NICHOLAS NEHAMAS

The buyer who shattered local real estate records by buying a $60 million Miami Beach penthouse late last month is South Florida-born hedge fund billionaire Kenneth Griffin, according to a report in The New York Times.

The Times reported that “people familiar with the deal” said Griffin, the founder and CEO of Chicago-based hedge fund Citadel, bought the eight-bedroom penthouse at Faena Housein Mid-Beach for $4,794 per square foot.

Kenneth Griffin. Associated Press

Griffin grew up in Boca Raton and attended Boca Raton Community High School, according to a profile in Chicago Magazine.

Read more here: http://www.miamiherald.com/news/business/real-estate-news/article38073297.html#storylink=cpy
[…] Read more

$200 Million Condo Sold To Palm Beach Hedge Fundee?

From The Palm Beach Post

 

By Darrell Hofheinz

Has Palm Beach property owner Ken Griffin inked the largest residential sale in U.S. history by paying $200 million for three floors in a New York City condominium?

It wouldn’t be out of character for the Chicago billionaire, who runs the Citadel hedge fund. Griffin did something similar in Palm Beach a few years ago, you might recall.

 

In late 2012 he bought four adjacent properties— three directly on the beach — on the South End’s Blossom Way. All told, he paid about $130 million for nearly 8 acres in the largest simultaneous single-buyer/multiple seller deal ever recorded […] Read more