After suffering through a brutal recession that was fueled, in part, by the collapse of the real estate market, you’d think that nobody would want to read about real estate ever again. But that’s not what’s happening in the blogosphere, where real estate is hotter than ever.
Above the Law readers are similarly obsessed with real estate. Is it because everyone had to take Property as 1Ls? For whatever reason, Lawyerly Lairs is one of our most popular and well-trafficked features. The last installment, a visit to the $4.7 million Chicago townhouse of outgoing Northwestern Law dean David Van Zandt, continues to be a top post (even though it dates back to before Thanksgiving).
So let’s give you more of the real estate porn you want and deserve. In today’s Lawyerly Lairs, focused on ATL’s home city of New York, we look at the recently acquired, envy-inducing residences of partners at three leading law firms: White & Case, Sullivan & Cromwell, and Linklaters.
The first featured residence even has a celebrity connection: the seller was Tina Fey, fabulous television and movie star (and Sarah Palin impersonator)….
Tina Fey — of Saturday Night Live, 30 Rock, and Mean Girls fame — recently sold her Upper West Side apartment to Jack E. Pace III and his wife, Colleen Ann Tully, for a cool $2.15 million. The sale was reported in the New York Observer, which notes that Fey and her husband, 30 Rock composer Jeff Richmond, apparently made a small profit on the deal. They purchased the classic six back in 2004 for $1.9 million.
Jack Pace has been a partner since 2007 at White & Case, where he practices in litigation and antitrust. It’s not mentioned in the online version of the Observer article, but the print version reveals that he and his wife were delighted to learn that the seller was Tina Fey, since they both enjoy 30 Rock. Pretty hip for a Biglaw partner!
UPDATE: Now that I have my hard-copy New York Observer in front of me, here’s the exact quote from Jack Pace: “My wife and I happen to be very big 30 Rock fans, so it was a funny coincidence.”
Let’s look at some pictures of Pace and Tully’s new home….