Tuesday, September 30, 2008

On a lighter note: beanie baby cash buys Spire penthouse

Ty Warner, the Beanie Baby dude turned real estate investor, is buying the 10,000 sf penthouse at the Chicago Spire, which must give some people confidence the project is a go. We don't know the actual purchase price, though they were asking $40 million. That's a lot of Beanie Babies (a phenomenon which I truly never understood). Warner has (intelligently) diversified, buying up a lot of high-end hotels, IIRC.