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An English Manor in Dallas

September 19th, 2014 admin

  • Price: $10,500,000
  • Location: Dallas, TX

The stone manor, built in 1925, features a distinctly English aesthetic, from the gardens to the interiors – Caitlin Huston

Smooth Jazz Meets Stormy Design

September 19th, 2014 admin


The 1,750-square-foot, one-bedroom, one-bathroom house has the feel of a boat.
Chloe Aftel for The Wall Street Journal

The two men were polar opposites—but they bonded over a shared passion: a small home on a hill in Sausalito, Calif.

Dave Koz,

a prominent smooth-jazz musician, has a personality to match his genre: He’s a warm, friendly, happy guy who likes to keeps things real but light. He collaborates with artists such as Johnny Mathis and Stevie Wonder, and plays at wineries and on cruises.

The late

John Marsh Davis,

in contrast, was a renowned San Francisco Bay Area architect who cherished confrontation and agitation. His buildings, wineries and houses were eclectic and vibrant, often using wildly different vernaculars in one structure.

Dave Koz was inspired both personally and musically while living in the late John Marsh Davis’s home in Sausalito, California. More than two decades later, he is renting the house again. Photo: Chloe Aftel for The Wall Street Journal.

The home, built in 1906 and renovated in 1975 by Mr. Davis, is a simple wood house, painted blue and hidden from a steep, twisting street by ivy-covered walls. Mr. Davis lived there until his death in 2009. It is now a second home for Mr. Koz, 51 years old, who rents it from Mr. Davis’s niece for $3,100 a month. (A similar-size house nearby sold recently for $1.4 million.)

The one-bedroom, one-bathroom house feels like a boat, with walls of windows that look out to the Sausalito Bay, wood finishes, skylights and a galley-like kitchen. But that boat effect was very different under each occupant: “With Dave, it feels like a schooner in Sausalito. With my uncle, it was like a fishing boat in Japan,” says Mr. Davis’s niece,

Katy Song,

who inherited the house. Mr. Koz’s version is calm and serene; Mr. Davis “wasn’t afraid to paint a wall black.”

The house overlooks Sausalito Bay.
Chloe Aftel for The Wall Street Journal

Like Mr. Davis, Mr. Koz lives on the top half of the two-story, 1,750-square-foot house (a couple rents the bottom). He didn’t change any of the intricately carved wood walls, windows or mantles, and he placed his furniture exactly where Mr. Davis’s had been. But Mr. Koz’s furniture is very different: instead of a severe, cognac-colored leather sofa, he put in a soft, slipcover sofa with lots of pillows; where Mr. Davis had a wood sleigh bed, Mr. Koz has a modern bed with a linen-covered backboard.

The walls went from black to soft pale greens, taupe and soft creams—a palette also used for the upholstery and what Mr. Koz’s designer,

Gary Morris,

calls “Koz colors” because he used them in Mr. Koz’s primary home in Beverly Hills.

Ivy-covered walls hide the house from the street..
Chloe Aftel for The Wall Street Journal

Mr. Koz grew up in the suburbs of Los Angeles, and started playing the saxophone in seventh grade to get into his older brother’s band. He practiced hours a day in his room, using it to get through what he calls an awkward adolescence. After college at UCLA, he played with musician Bobby Caldwell and his career took off, with nine Grammy nominations, a star on the Hollywood Walk of Fame and 17 albums. His latest work, “The 25th of December,” will be released Sept. 30.

Mr. Koz initially rented the house in 1993, when Mr. Davis was still living there. The musician had traveled to Sausalito looking for a couple months’ rental to do some songwriting. He met a real-estate agent in line at a deli who knew Mr. Davis had been thinking about leasing. That agent, David Grega, with Decker Bullock Sotheby’s International Realty, said Mr. Davis gave him strict instructions to find someone who would approach the space with a similar creativity. “It was a perfect fit,” says Mr. Grega.

The two months turned into 11 months and Mr. Koz became good friends with Mr. Davis, who would stop by often to visit. Mr. Koz says the house inspired him personally and musically. It was there, during this period, that Mr. Koz came out to his friends and family as gay—something he had been reluctant to do in his industry. It also is where he wrote his album “Off the Beaten Path,” released in 1996.

The dining area is decorated in a soft cream color.
Chloe Aftel for The Wall Street Journal

He describes the architecture as like a symphony, with a flow going through it, and every part telling a story—like the mirror below a skylight that reflects the sun in the day and the moon at night.

Mr. Koz aims to spend about a week a month there; when he can’t make it he looks at photos of the house on his phone. “I don’t need to even be here to access the way it makes me feel,” he says. “If I’m in a bad hotel on a highway in some city, all I need to do is think about this place and it picks me up. There’s great energy here and I tap into it.”

In 1994, Mr. Davis decided he wanted to move back into the home; it would be another 15 years before Mr. Koz was able to live there again.

After Mr. Davis died, his niece offered the house to Mr. Koz as a long-term rental. Ms. Song, a financial planner who lives in nearby Mill Valley with two children, sees the home as a place where she might one day retire. She knew Mr. Koz would take care of the home and love it.

“This is the one great extravagance in my life,” says Mr. Koz. “It doesn’t make any sense on a ledger, but it makes complete sense because of how it makes me feel.”

Burt Sugarman and Mary Hart List Montana Home for $7.9 Million

September 19th, 2014 admin

Producer and businessman Burt Sugarman and his wife, television personality Mary Hart, have listed a roughly 7,850-square-foot house in Montana’s Yellowstone Club for $7.9 million.
Karl Neumann

Producer and businessman

Burt Sugarman

and his wife, television personality

Mary Hart,

have listed another one of their properties in Montana’s Yellowstone Club, a private golf and ski community.

“Ghostbusters” star Annie Potts lists her home for $26 million. TV star Mary Hart and her husband list their ranch for $26.5 million. Candace Taylor joins the News Hub with Sara Murray. Photo: Shooting LA.

Last year, the two listed their 160-acre ranch in the club for $26.5 million, later reducing its price to $21 million. Now the couple has listed a roughly 7,850-square-foot house for $7.9 million. The five-bedroom house is on a roughly 2½-acre lot with mountain views and a pond. The house also has a game room and home theater. The listing agent is

Bill Collins,

director of sales at Yellowstone Club.

Mr. Sugarman said he and Ms. Hart, who live primarily in Los Angeles, first bought property in the club in the early 2000s, and have added additional parcels over the years. He said the couple is selling because their son has graduated from college and the house is too big for them. They are also building two spec homes within the club, with plans to put them on the market when they’re completed this fall.

What Every Newlywed Wants

September 19th, 2014 admin


Daryl Fox, left, and his husband, Hootan Khatami, opened a cash registry for their 2013 wedding that they are using for a home renovation.
Natalie Keyssar for The Wall Street Journal

With their wedding approaching, the last thing

Daryl Fox

and

Hootan Khatami,

wanted was clutter.

“We really didn’t need a toaster or any of the wacky gifts people give,” said Mr. Fox, a 49-year-old book publisher. Before their 2013 wedding, he and Mr. Khatami were already settled into their penthouse apartment in New York’s Chelsea neighborhood.

So instead of offering guests the typical choices, they signed up for an online cash-gift registry and netted close to $7,000 toward a home-renovation fund to update their three-story space. Wedding-day gift envelopes added to the fund.

A growing number of registry users are flat out asking for cash, for everything from down payments to help with modernizing a kitchen.

The cash-gift option “grows tremendously year over year,” with contributions to home registries second only to honeymoon funds, said

Nancy Lee,

president of MyRegistry.com. In the 18 months ending in August, about 19,500 users have created a cash-gift fund for home-related projects, she said. Some registries on the site have raised upward of $30,000, she added.

Home-related registries are on the rise at crowd-funding website DepositaGift.com, said founder

Dana Ostomel.

“People want cash gifts for any type of event,” she said, and pooling money for housing projects is a logical extension of that.

The plan seems to work in the homebodies’ favor: On average, users of the site gave $120 to home registries, compared with $100 to honeymoon funds in the past year.

In Alexandria, Va.,

Monica Alford,

27, and her husband Aaron, 39, collected about $7,000 from an online registry, she said. The couple plan to use the money to defray the cost of buying a condo in the Park Fairfax area.

Still, gift etiquette can be tricky. “Some people thought it was very rude and forward to ask [for cash],” she said. “They were usually older.” The couple compromised by including items from retail stores.

Other couples insist that if guests must give gifts, it might as well be cash. “We said we didn’t want anything,” said James Brune, a real-estate agent with Douglas Elliman who married last year. “But people want to give, and if you don’t channel them, they’ll give you stuff that you don’t want.”

He and his partner raised a cash fund to commission an oil painting. Price tag: about $10,000. “We covered pretty much the full expense,” he said.

Private Luxury in Thailand

September 18th, 2014 admin

  • Price: $1,000,000
  • Location: Thailand

This property in the resort town of Hua Hin includes a two-level home, a separate guest house, a standalone fitness center and staff quarters. —Joyu Wang

America’s Little Literary Town

September 18th, 2014 admin


Allan Gurganus, author of ‘Oldest Living Confederate Widow Tells All’ bought his Victorian-style home for $199,500, and then embarked on a massive renovation.
John Gessner for The Wall Street Journal

At Christmastime each year,

Michael Malone,

a longtime TV writer, and

Allan Gurganus,

a bestselling novelist, put on a production of “A Christmas Carol” at an Episcopal church in Hillsborough, N.C. Mr. Gurganus plays Scrooge, and Mr. Malone plays nearly all the other characters.

Jill McCorkle,

another bestselling novelist, holds the record for perfect attendance.

In fact, more than two dozen of their fellow writers live in Hillsborough, population 6,087, where government meetings are held in the “town barn,” and the Wooden Nickel serves up fried green tomatoes. “Under the Tuscan Sun” author

Frances Mayes

lives in a 4,500-square-foot Federalist farm house here, and David Payne, author of the Southern saga “Back to Wando Passo,” lives in a renovated former clubhouse for local businessmen in the town’s historic district.

Some came for the slow pace of small-town life that authors say is conducive to writing. Others grew up in the area or have ties to one of the nearby universities—the University of North Carolina and Duke University are both within a 20-minute drive.

“When I got here, I started writing like I was set on fire,” said Mr. Malone, a novelist and former head writer on the TV soap opera, “One Life to Live.”

He and his wife,

Maureen Quilligan,

a Renaissance-literature professor at Duke, bought a 19th-century farmhouse for $1.45 million in 2000 and have since added ponds and gardens to the property. Known as Burnside, the 7,000-square-foot house was built by a wealthy North Carolina family of plantation owners and lawyers.

Mr. Malone, 71, renovated the second floor of the long, wood-planked garage to serve as his office. The office is sparsely furnished, with tall windows overlooking the lawn and main house.

A few streets over lives Mr. Gurganus, a North Carolina native best known for “Oldest Living Confederate Widow Tells All.” When the novel was published in 1989, Mr. Gurganus was living in an apartment on Manhattan’s Upper West Side. “I was getting invited to all the parties that I’d always wanted to be invited to, and it wasn’t at all what I expected it to be,” he said. “I felt I’d seen the same people over and over again. It was time to retreat.”

Mr. Gurganus says he craved someplace quiet where he could garden and write without disturbance. He envisioned a big old house he could fill with art, music and books.

The exterior of Allan Gurganus’s 3,500-square-foot home.
John Gessner for The Wall Street Journal

The master bath of Mr. Gurganus’s home.
John Gessner for The Wall Street Journal

An upstairs mural in Mr. Gurganus’s home.
John Gessner for The Wall Street Journal

Mr. Gurganus says the study is his favorite room in the house.
John Gessner for The Wall Street Journal

In 1993, he bought a 20th-century Victorian-style home in Hillsborough for $199,500, according to property records. Mr. Gurganus had visited this former mill town in the Carolinas years before, using its quintessential redbrick courthouse as a model for a novel. His 3,500-square-foot purchase was a rescue job. Squirrels had eaten the wiring out of the walls. There was only one working light bulb.

“It was an act of pure faith,” said Mr. Gurganus, sitting on his freshly painted wraparound porch sheltered from the street ahead by a dense thicket of hollyhocks and canna lilies. “But the bones of the house were extremely good.”

Mr. Gurganus says he poured hundreds of thousands of dollars into renovations, and he’s far from finished. For him, the work has become an extension of his writing—another creative outlet.

Mr. Gurganus has filled rooms with antique busts, paintings and sculptures—many of life-size saints and religious figures. “The sort of morbid Roman Catholic iconography speaks to me,” he says. “I’m a sort of a visual glutton.”

Mr. Gurganus’s favorite room is his study—a large room in the back of the house cluttered with books, papers and coffee cups filled with pens and paintbrushes. Light streams in from stained-glass windows that Mr. Gurganus bought from a local church and had installed. An old Apple desktop, his writing tool of choice, sits to the side of the room.

Mr. Gurganus says Hillsborough is a place untouched by time. Every day, he takes a seven-minute walk to his post office box, passing the restaurants, bookstore and yarn shop that line Hillsborough’s downtown streets. Mr. Gurganus is an avid follower of town politics and neighborhood gossip. He even considered joining Hillsborough’s volunteer fire squad before remembering his age (He’s 67).

“Community is such that you start buying band candy from people and you hire kids to cut your grass and neighbors bring you pies. Before you know it you’re pulled into the life of the community, and it’s magical that way,” he said. “It’s a natural law I think, that you can’t be apart from the community.”

Every Halloween for the past 24 years, Mr. Gurganus has put on a haunted house at his home. He usually plays the funeral director, guiding hundreds of attendees through dim parlors decorated to look like a fifth-rate funeral home.

Jill McCorkle, author of ‘Going Away Shoes,’ lives with her husband in this farmhouse built in the 1830s.
John Gessner for The Wall Street Journal

Jill McCorkle, author of “Going Away Shoes” and, most recently, “Life after Life,” married into the community. A North Carolina native and graduate of UNC, Ms. McCorkle lived in Boston for two decades, where she taught writing at Harvard and Brandeis University and raised her two children.

Nearly a decade ago, Ms. McCorkle visited Hillsborough to attend the wedding of the daughter of

Lee Smith,

best-selling author of “The Last Girls.” At the wedding, Ms. McCorkle met

Tom Rankin,

a documentary photographer and director of Duke University’s master of fine arts program. Three years later, the two were married, and Ms. McCorkle moved into his Hillsborough farmhouse.

The horseshoe-shaped house was built in the 1830s and later renovated to add two long wings. Fifteen chickens, four dogs, 20 goats and “one very mean rooster” now call the 61-acre farm home. The house’s décor is rustic, mostly decorated in red and green fabrics—Ms. McCorkle’s favorite colors—and filled with worn couches, fraying quilts and framed paintings made decades ago by the couple’s now-grown children.

Ms. McCorkle has made her office in a second-floor bedroom, accessible only through a cramped, winding staircase. She filled the room with items from her past: an antique bed that belonged to her grandmother, dolls she played with as a child, and doll houses she made herself. A two-story white Victorian mansion sits on the office floor—beside it a pile of small wooden pieces that she’ll use to construct her next doll house.

So what is it that draws writers to this small Southern town? Mr. Malone says it speaks to the nature of a writer’s work. Hillsborough allows writers to be at once isolated and close to friends and peers; while intensely focused on their next book or script, they still belong to a community that hosts barbecue festivals and a cemetery walking tour.

“Writers can get very isolated,” said Mr. Malone. “This is a real community. This is a real town, and it’s been a real town since the mid-18th century. That is the stuff of fiction.”

This tight-knit feel is attracting others to Hillsborough, said local Coldwell Banker real-estate agent

Tom Sievert,

driving up home prices. The median sales price in Hillsborough was $238,000 in July, up 25% from five years earlier, according to Triangle Multiple Listing Services.

“While we have this mecca for the authors, you’ll see them in front of Cup A Joe just having a cup of coffee. They’re just members of the community,” said Mr. Sievert. “I think that’s what drives people here. It’s a real friendly town.”

In the U.S., It’s Back to Nature for Some Resorts

September 18th, 2014 admin

Ecotourism is on the rise. The marina basin at the Islander Resort in Islamorada in the Florida Keys.
Robert Bender

Ecotourism is often associated with travel to exotic destinations such as a rain forest in South America or a game reserve in Africa.

But Guy Harvey Outpost Resorts is aiming to prove that ecotourism also has a home in the U.S., especially Florida.

On Wednesday, the company is opening its second ecotourism resort in the U.S. carrying the

Guy Harvey

Outpost brand name, the Islander Resort in Islamorada in the Florida Keys. A

Guy Harvey

Outpost-branded resort opened in St. Pete Beach, Fla., in 2012. A third resort is planned for St. Augustine Beach, Fla., and plans are under way for the construction of a 30-unit ecolodge in the Galápagos Islands in the Pacific Ocean about 600 miles off the coast of Ecuador.

Guy Harvey Outpost, based in Fort Lauderdale, Fla., is the latest hotel operator rushing to cash in on the global rise in ecotourism, which is especially popular with affluent baby boomers looking for a back-to-nature travel experience.

“Baby boomers were an idealistic generation in their youth, and then they turned into capitalists during their middle years, and now that they’re retiring and have cash and free time they’re willing and interested to sort of go back to their ideals,” said

David Krantz,

program director of the Center for Responsible Travel in Washington, D.C., an industry group.

Guy Harvey Outpost resorts are oceanfront hotels and lodges that showcase the work and scientific research of Guy Harvey, the company’s chairman and a marine artist and conservationist. The company said its property in Islamorada, often referred to as the “sport fishing capital of the world,” will offer adventure travelers recreational fishing and diving. The resort also will offer the opportunity for guests to get involved in a research project.

The International Ecotourism Society defines ecotourism as “responsible travel to natural areas that conserves the environment and improves the local people.” Its goals are to minimize impact, build environmental and cultural awareness and provide positive experiences for visitors, as well as financial benefits for both conservation and local denizens.

Whether U.S. properties fit this mold is debatable. The high cost of construction in the U.S., with land being more expensive than in other locales, makes it difficult to build in a way that minimizes impact.

“The term ‘ecotourism’ varies all the way from nature tourism…to tourism in a place where there is no electricity or running water and people live off the land,” said

Abraham Pizam,

dean of Rosen College of Hospitality Management at the University of Central Florida in Orlando.

Other ecotourism resorts already operate in the U.S. Mauna Lani Bay Hotel and Bungalows on the island of Hawaii offers a sea turtle program, which has released more than 200 turtles back into the wild since its inception. Passports Resorts operates two ecotourism resorts in California: the Post Ranch Inn in Big Sur and Cavallo Point in Sausalito.

Popular ecotourism hot spots include Costa Rica, South Africa and Belize, but Mr. Krantz said Guy Harvey Outpost’s focus on Florida also makes sense. “I think they’re right on the money,” he said. “Yes, there’s the Miami Beach scene, but the Everglades, the Keys—there are palm trees and coconut trees and plants and birds and animals that are exotic to somebody like me.”

Guy Harvey Outpost was founded in 2007 by Mr. Harvey and three partners. The company doesn’t own any hotels, but licenses the Guy Harvey Outpost brand name to independently owned hotels that use its reservation system. The company also provides reservation services to other independently owned ecotourism hotels in the Bahamas, Cayman Islands, Mexico and Dominica. “We founded Guy Harvey Outpost as a way to offer a wonderful experience in a remote, desirable location,” said Mr. Harvey.

In evaluating potential sites, Mr. Harvey said he considers the number and type of guest rooms, the infrastructure of the property, whether it has a marina and sport fishing capabilities, and whether research can take place there. Florida offers many advantages, Mr. Harvey said. “It’s on the mainland, has easy access, and there are some very good properties to pursue,” he said.

Still, the market for ecotourism in the U.S. is limited. Optimal locations are in short supply, and development costs can be high. Many U.S. ecotourism operators are setting up locations outside of the U.S.

Benjamin Loomis,

founder of Chicago-based Amble Resorts, is the developer and owner of Isla Palenque in Panama, where guest rooms average $400 to $500 a night. The 10-unit resort in Panama, which opened in February 2013, is located on a 400-acre island, with a tropical forest, 5 miles of beach and caves to explore. Wildlife, including iguanas, tropical birds and howler monkeys, abounds. An on-site organic farm provides fresh produce. Guests can hike along miles of trails in the 220-acre nature preserve.

Mr. Loomis said the market for ecotourism will keep expanding, largely due to the Internet and sites like TripAdvisor that take some of the risk out of traveling to remote locations. But he is bullish on ecotourism in the U.S. as well.

“The large number of visitors each year to America’s national and state parks pretty much proves the market,” he said. “Amble’s initial focus has been Central America more because of investment objectives and asset and land pricing, not because there isn’t a market for it in our home country.”

To reach Deal of the Week, please email dweek@wsj.com

A Hong Kong Retreat

September 17th, 2014 admin

  • Price: $10,000,000
  • Location: Hong Kong

Film producer Willie Chan’s two side-by-side homes come with a swimming pool, a rooftop terrace, and panoramic views of the sea. —Debra Bruno

Boxed In, Oscar de la Hoya Boxes His Way Out

September 17th, 2014 admin

Oscar de la Hoya promoting a fight in Las Vegas last year.
Sports Illustrated/Getty Images

Retired boxer Oscar de la Hoya, 41, won 10 world championship titles in six weight classes and today lives in Pasadena, Calif. He heads Golden Boy Promotions, which manages boxers, and the Golden Boy Foundation, which sponsors programs for teens in East Los Angeles. He spoke with Marc Myers.

When my parents moved us from a tiny apartment in East Los Angeles to a gray stucco house a few blocks away in 1981, it wasn’t really a step up. My uncle lived in the front and leased us rooms in the back. Five of us shared a living room, a small bedroom, a tiny kitchen and a tight bathroom. I was 9 when we moved in, and my older brother and I turned the attached garage into our bedroom while my younger sister slept in my parents’ bedroom. Boxing was my only way out.

From age 7 on, I was groomed for the ring. My father, Joel, had been a boxer and so had my grandfather. When I was born, my father stopped boxing and dug graves at the nearby cemetery to support our family. After we moved, my father would kick on the metal garage door every day at 4 a.m. before he left for work to get me up. My brother would roll over and go back to sleep, but I’d get into my workout clothes and head out on a six-mile run while it was still dark. I did that six days a week.

We lived on McDonnell Avenue, right next to a King Taco, which was open 24/7. When I set off on my runs, there was always a line of people out there who had been at the clubs all night. The smell of that place made me so hungry as I ran past to the cemetery two blocks away, where I ran around the perimeter. What drove me were the Olympics.

A friend of the family had given me a poster of the 1984 Los Angeles Summer Games, and I signed my name on it, adding “Olympic champion” underneath. The poster hung on the wall next to my bed with posters of fighters like Joe Lewis, Sugar Ray Robinson and Salvador Sanchez. I used to buy the Ring magazine for the centerfold posters of boxers. Even at 9, I understood what discipline and hard work meant, and the rewards of sacrifice. When I’d get back to the house after a run, the rest of the family was usually still asleep. So I’d wait in the garage before showering, to avoid waking anyone up.

A young Oscar de la Hoya throwing a left hook in a bout.
Oscar de la Hoya

My mom, Cecilia, was a homemaker. At first, she’d tell my dad to stop waking me up so early, that he was pushing me too hard. But when I was 16, my mom accepted it. By then I was in the Golden Gloves and winning fights all the time. Like with any struggling family, when a child shows serious promise, there is this secret hope that the child will earn enough to pull everyone out of the hole. Getting my family out of there became an obsession. I felt the pressure at first, but soon training wasn’t a job. It was fun and a lifestyle for me.

When you entered our house, you were immediately in the living room. Eight steps away was the kitchen. One thing about my mother, our house may have been small but she cleaned it all the time. I never understood how you could clean a house so small all day. She said, “You know, Oscar, your father has to have it spotless and his food on the table when he gets home.”

My mother was a great cook. My favorite dish was enchiladas—a green pepper stuffed with ground beef, cheese and refried beans. The reason I loved hers so much is that I didn’t get to eat them often. I was on a strict athlete’s diet—I had liver three times a week. My mom cooked separately for me.

We didn’t have a heavy bag at home—I’d go to the gym for that. But I would skip rope each day in front of our garage on a dirt surface for at least an hour to let off steam. That was my playtime. Sometimes my father’s car would be parked there—a Monte Carlo that we called the “Blue Boat.” It had rust all over the fenders. When his car was there, I skipped rope on the gravel.

At school, I never let anyone know I was boxing. In fact, no one knew I was a fighter until I was 16 and a newspaper article came out saying I was going to the National Golden Gloves tournament. I never had a fist fight in school. When I got bullied, I ran. I knew that I could knock out anyone, and feared the harm I could cause with my fists.

There were plenty of times I wanted to give up, but my father was right there to make sure I didn’t. He was persistent, constantly saying, “Oscar, you were born to do this.” At home, my mother and father treated us all the same. I was Oscar the nobody, just their kid. But when it came to the gym, I was a golden child to my father.

In 1989, everything began to happen real fast. I won gold medals at the National Golden Gloves, National Championships, Goodwill Games, World Championships and the Barcelona Olympics in 1992. After the Olympics, I turned pro and began earning sizable sums for matches. Finally, in 1993, I had enough money to buy my father a home in Montebello. My mother had died just before the Barcelona Olympics.

Looking back, I missed out on a lot of my childhood. I missed out on the innocence of playing out in the yard with friends or in the street with a stickball bat and tennis ball. I didn’t have a girlfriend, and I didn’t get to go to the prom. I also couldn’t eat what everyone else ate at family gatherings. My entire world was the house, the garage and the gym.

The soul of that house is still inside me. I last drove past it about two months ago in my Prius with tinted windows. I slowed and stopped to watch four kids who live there running around playing with a hose. There are no swimming pools in East L.A. Seeing the house, I began to reminisce about how far I’d come and wondered whether one of those boys would turn out to be like me. Then a horn honked behind me and I had to drive on.

Trump SoHo to Go on Block

September 17th, 2014 admin

The Trump Soho Hotel in 2010.
Reuters

A lender to Trump SoHo, the upscale Manhattan hotel and condominium that

Donald Trump

unveiled on his television show “The Apprentice,” is foreclosing on the property and putting it up for sale, said people familiar with the matter.

Real-estate investor CIM Group, which holds a junior loan on the property, is taking control of the building through a foreclosure process and has hired brokerage Eastdil Secured to auction off the property.

The condominium-hotel, developed by the Sapir Organization and Bayrock Group, opened in 2010. Mr. Trump has a licensing arrangement with Trump SoHo and manages the property, but doesn’t have an equity stake.

Trump SoHo has had success as a luxury hotel, but the developers have struggled from the start to sell condo-hotel units. Buyers may use their units up to 120 days a year. The rest of the time, the units serve as hotel rooms, with owners and the developers sharing the profit.

Less than one-third of the hotel’s 391 units have been sold, said people close to the property.

The foreclosure is the latest sign that the once-popular condo-hotel model has yet to rebound from the financial crisis. Lending to buyers of condo-hotels, which proliferated in Florida and other resort destinations during the bull market, dried up during the economic downturn and has shown few signs of coming back. That caused interest among buyers to plummet.

Still, some hotel owners are betting the condo-hotel model can work. Orchestra Hotels & Resorts is spending $160 million to acquire the former Trump International Hotel Tower and redevelop it as a Conrad Hotel, a Hilton luxury brand, in Fort Lauderdale, Fla. The majority of the 290 units are being sold as condo-hotel units.

Edition Miami Beach, a venture between Marriott International Inc. and hotelier

Ian Schrager,

will have 26 condo-hotel units when it opens near the end of the year.

Sean Hennessey, chief executive of the consulting firm Lodging Advisors, said there could be good demand for the Trump SoHo property. But given that the condo-hotel units are larger than typical hotel rooms and require more time to clean and maintain, a new owner might want to revive the condo-hotel plan “when the market was more amenable,” he said.

Existing parties, including CIM, could make a play for the hotel. Sapir founder Alex Sapir said “the current structure does not make economic sense for ownership,” but added that “we have not ruled out the possibility of repurchasing the hotel at the appropriate time with” Mr. Trump and Bayrock.

Trump SoHo’s developers chose the model because the property was built in a manufacturing zone, which prevented the owners from selling full-time residences. The project drew criticism from SoHo neighbors, who complained about its size and boxy glass design.

Mr. Trump promoted the project on his show in 2006.

Mr. Trump said a new owner wouldn’t affect his company’s management of the property. “This is a situation between the lender and the owner, which has nothing to do with us,” he said in an interview. “The hotel is doing extremely well and we will continue to be the manager.”

Eastdil Secured brokers

Adam Spies

and

Doug Harmon

are marketing the property.

Write to Craig Karmin at craig.karmin@wsj.com