Creative Artists Agency’s basketball agent, Leon Rose, and newly minted coaches agent, William “Worldwide Wes” Wesley, were recently spotted discussing a purchase of 12 apartments on 2 floors of the W New York Downtown Hotel & Residences. This is hardly surprising given how lucrative the property market can be. Enlisting the support of a Ponte Vedra property management service might be something they consider in the future to help with the day to day tasks they are unlikely to enjoy or have the expertise to carry out adequately. Included in the discussion was Jacqueline Bayer of Moinian Group, which is one of the largest privately held real estate groups in the country. The group manages over $8 billion in assets. The New York Post wonders, Could the W Downtown become an NBA dorm? Communal bathrooms would be an interesting thought. I’ll throw my name in there as a potential RA (Residential Advisor).
It is interesting, though, to imagine Rose and Wes negotiating such a large real estate deal for their clients. It really makes CAA look like a true “one-stop shop” where athletes have their agents handle practically everything on their behalf. But it has to be said, if this is the case then they have a good eye for location. Many people are clamouring for the chance to live in New York in such prestigious areas, with people viewing their options on www.ManhattanMiami.com and other real estate sites with options in the area.
Still, this isn’t the only part of the US where the rich and famous are keen to buy up real estate. Miami is another locale where apartments and condos are a good investment, be it for a home or for other uses. Many athletes visit this city and are in need of a crashpad, and so it will be interesting to see if any agents head down that way to snap up developments for their talent.