From left: Related President Jeff Blau, the exterior of the Chatham and the interior of Blau's apartment

Related Companies President Jeff Blau has finally found a buyer for his customized penthouse at the Chatham condominium on the Upper East Side, according to public records filed with the city today.

The two-bedroom, three-bathroom penthouse, which was initially listed with Leighton Candler of the Corcoran Group last April for $18.9 million and later dropped its price to $15.7 million with Cathy Franklin and Alexis Bodenheimer of Brown Harris Stevens, ultimately fetched an even $14 million, records show. Franklin and Bodenheimer were not immediately available for comment. [more]

Related Companies President Jeff Blau

From the July issue: Jeff Blau is president of Related Companies, one of the largest private real estate development firms in the country, with a portfolio valued at over $15 billion. Earlier this year, Related launched MiMA, a 1.2 million-square-foot, mixed-use development on 42nd Street in Manhattan. The company is also developing the 26-acre Hudson Yards, the largest development site remaining in Manhattan, with plans for up to four corporate headquarters, a retail complex, a hotel, a public school and nine residential buildings. Click here for the complete Q & A. [more]

Chatham Lodging Trust, a Palm Beach, Fla.-based REIT, agreed to
buy the Residence Inn by Marriott in New Rochelle, N.Y. for $21
million cash, the company’s 12th acquisit [more]