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Developer Deals RiverView Penthouse

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Remember that RiverView penthouse that sold last month (and came in 3rd in our "top 5 most expensive home sales" list)? In today's Deal Estate column, Dennis Rodkin sheds a little light on the sale. The home was sold by the building's developer, Dan McLean, who was ordered to sell it to settle a personal guarantee on a construction loan. A former Microsoft exec bought the place for $2.85 million, which is more than $2 million less than the original asking price; but it still sold for about $800,000 more than McLean paid the home for in 2001. [Deal Estate]