Gretzky’s $25 Million Goal

Who’s buying, who’s selling in the world of high-end real estate:

Where’s Gretzky Going?
Former ice hockey star Wayne Gretzky and his wife, Janet, are asking $25 million for their opulent estate in Westlake Village, Calif., the Los Angeles Times says. The large property includes nearly seven acres of land and a neo-Georgian mansion built just three years ago. Situated in the Lake Sherwood Country Club Estates, the 16,400-square-foot home features lake views.

It has seven bedrooms and eight baths, a pool, tennis courts and a tremendous, columned porte-cochere. Inside, the rooms are bordered in broad carved moldings. Gretsky, 44, played for the Edmonton Oilers for nearly ten years, during which they won four Stanley Cup championships. He then moved to the Los Angeles Kings and spent a year with the St. Louis Blues. He played for the New York Rangers for three years, before retiring in 1999.

He is now a managing partner with the Phoenix Coyotes, but his deal with the team expires in June. The couple also owns a home in Scottsdale, Ariz., the Times reports. The property is listed with Nicole Van Parys at Coldwell Banker.
J. Crew’s Co-op The top executive at clothing retailer J. Crew has signed a contract for a $20 million spread on Manhattan’s Upper East Side, according to the New York Observer. Millard S. Drexler, who came to J. Crew two years ago from Gap (nyse: GPSnews people ), may be the king of basic clothing. But the building where he hopes to live (if he passes the co-op board’s review) is anything but spare.

The 13-story residence is at 640 Park Avenue, on the corner of East 66th Street. Built in 1914, the exclusive building has only full-floor units. It made the news in the late 1970s, when its board blocked the Saudi Arabian foreign minister, Prince Saud al-Faisal, from buying an apartment. The sellers of the 18-room home are attorney Jonathan Sack and his wife, Caroline. They bought the apartment in 2001 for $11.7 million, the Observer says. The place was quietly put on the market. Nancy Elias at Brown Harris Stevens represented the buyers. Kathleen Sloane, also at BHS, represented the sellers.

Hills Leave the Heights The heirs of the Hills Bros. coffee fortune have sold their Pacific Heights mansion for an unspecified price. Reuben and Ingrid Hills had been asking $30 million for the 11,455-square-foot home, with views of San Francisco Bay from the 40-foot-wide, floor-to-ceiling windows. When the house landed on the market in 2003, the owners were asking approximately $45 million.

The buyer, according to The Wall Street Journal, is Roger Barnett, chairman and CEO of Shaklee Corp. The company, based in Pleasanton, Calif., makes natural health and personal-care products. Until recently, it was part of Yamanouchi Pharmaceutical, a Japanese conglomerate that also owns gift basket company Harry and David. Hill Bros. was founded in San Francisco in 1878.

Today it is owned by Sara Lee (nyse: SLEnews people ). The mansion was listed with Steven Mavromihalis and Gilbert Fleitas at Pacific Union GMAC. The buyer was represented by Richard Weil of Hill & Co.


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