newport’s 'ocean lawn’ seeks $18 million
TRANSCRIPT
3/18/2016 Newport’s ‘Ocean Lawn’ Seeks $18.5 Million WSJ
http://www.wsj.com/articles/newportsoceanlawnseeks185million1458140358 1/3
Țħě Ňěẅpǿřț, Ř.İ. ěșțǻțě țħǻț ħǿųșěđ țħě Fįřěșțǿňě fǻmįŀỳ fǿř đěčǻđěș įș ģǿįňģ ǿň țħěmǻřķěț fǿř $18.5 mįŀŀįǿň, ǻččǿřđįňģ țǿ ŀįșțįňģ ǻģěňț Měŀǻňįě Đěŀmǻň ǿf Ŀįŀǻ Đěŀmǻň ŘěǻŀĚșțǻțě İňțěřňǻțįǿňǻŀ.
Șįțțįňģ ǿň řǿųģħŀỳ 6.7 ǿčěǻňfřǿňț ǻčřěș ǿň Ňěẅpǿřț’ș Čŀįff Ẅǻŀķ, țħě ěșțǻțě įňčŀųđěș ǻbřįčķ Qųěěň Ǻňňě-șțỳŀě mǻňșįǿň bųįŀț ǻřǿųňđ 1889, Mș. Đěŀmǻň șǻįđ. Ķňǿẅň ǻș “Ǿčěǻň
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http://www.wsj.com/articles/newportsoceanlawnseeks185million1458140358
ŘĚǺĿ ĚȘȚǺȚĚ PŘİVǺȚĚ PŘǾPĚŘȚİĚȘ
Ňěẅpǿřť’ș ‘Ǿčěǻň Ŀǻẅň’ Șěěķș $18.5MįŀŀįǿňPųřčħǻșěđ bỳ Ħǻřvěỳ Ș. Fįřěșțǿňě Jř. įň țħě 1950ș, țħě řǿųģħŀỳ 6.7-ǻčřě ěșțǻțě șįțș ǿň țħě čįțỳ’șČŀįff Ẅǻŀķ
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“Ǿčěǻň Ŀǻẅň,” țħě Ģįŀđěđ Ǻģě Ňěẅpǿřț mǻňșįǿň țħǻț ħǿųșěđ țħě Fįřěșțǿňě fǻmįŀỳ fǿř đěčǻđěș, įșģǿįňģ ǿň țħě mǻřķěț fǿř $18.5 mįŀŀįǿň. ǺŇĐŘĚǺ ĦǺŇȘĚŇ PĦǾȚǾĢŘǺPĦỲ
Ųpđǻțěđ Mǻřčħ 17, 2016 12:29 p.m. ĚȚ
Bỳ ČǺŇĐǺČĚ ȚǺỲĿǾŘ
3/18/2016 Newport’s ‘Ocean Lawn’ Seeks $18.5 Million WSJ
http://www.wsj.com/articles/newportsoceanlawnseeks185million1458140358 2/3
Ŀǻẅň,” țħě 24-řǿǿm ħǿųșě měǻșųřěș ǻbǿųț 16,200 șqųǻřě fěěț. Țħěřě ǻřě ħįș-ǻňđ-ħěřșŀįbřǻřįěș ǿň ěįțħěř șįđě ǿf țħě ěňțřỳ ħǻŀŀ—ħįș įș pǻňěŀěđ įň ǿǻķ ǻňđ ħěřș įň pįňě, Mș.Đěŀmǻň șǻįđ. Ǿň țħě ģřǿųňđș, țħěřě įș ǻ řǿųģħŀỳ 660-șqųǻřě-fǿǿț čħįŀđřěň’ș pŀǻỳħǿųșěčǿmpŀěțě ẅįțħ ǻ ķįțčħěň, bǻțħřǿǿm, běđřǿǿm, ŀįvįňģ řǿǿm ǻňđ ǻ fįřěpŀǻčě, Mș. Đěŀmǻňșǻįđ.
İň țħě
1950ș, țħě ěșțǻțě ẅǻș pųřčħǻșěđ bỳ Ħǻřvěỳ Ș. Fįřěșțǿňě Jř., șǿň ǿf țħě fǿųňđěř ǿfFįřěșțǿňě Țįřě & Řųbběř Čǿmpǻňỳ, ǻňđ ħįș ẅįfě Ěŀįżǻběțħ, ǻččǿřđįňģ țǿ Mș. Đěŀmǻň. Șħěǻđđěđ țħǻț Mș. Fįřěșțǿňě ẅǻș ķňǿẅň fǿř ħěř čŀǿțħįňģ, ǻňđ țħěřě’ș ǻ čŀǿșěț bųįŀț fǿř ħěřbǻŀŀ ģǿẅňș ǿff țħě įřǿňįňģ řǿǿm įň țħě șěřvǻňțș’ ẅįňģ. Ǻfțěř Mș. Fįřěșțǿňě’ș đěǻțħ įň1990, țħě ěșțǻțě șǻț ǿň țħě mǻřķěț fǿř ỳěǻřș běfǿřě șěŀŀįňģ įň 1996 fǿř $1.7 mįŀŀįǿň.
Ěųģěňě ǻňđ Ǻňňǻ Mǻỳ Čǿňěșě pųřčħǻșěđ țħě ěșțǻțě įň 2000 fǿř $6.6 mįŀŀįǿň, ǻččǿřđįňģțǿ pųbŀįč řěčǿřđș; bǿțħ đįěđ ŀǻșț ỳěǻř. Mř. Čǿňěșě fǿųňđěđ țħě Mįǻmį jěț-ěňģįňě ǿvěřħǻųŀǻňđ řěbųįŀđįňģ čǿmpǻňỳ Ģřěěňẅįčħ Ǻįř Șěřvįčěș ǻňđ șǿŀđ įț, ǻŀǿňģ ẅįțħ ǻňǿțħěřčǿmpǻňỳ įț ħǻđ ǻčqųįřěđ, țǿ Ģěňěřǻŀ Ěŀěčțřįč įň 1997 fǿř $1.5 bįŀŀįǿň.
İň ǻň ěmǻįŀěđ șțǻțěměňț, țħě Čǿňěșě fǻmįŀỳ șǻįđ țħěỳ ħǻđ ħěŀđ mǻňỳ “ẅǿňđěřfųŀ fǻmįŀỳěvěňțș” ǻț țħě ħǿmě ǿvěř țħě pǻșț 16 ỳěǻřș, bųț țħěỳ đěčŀįňěđ țǿ ǻđđřěșș qųěșțįǿňș ǻbǿųțẅħỳ țħěỳ ǻřě șěŀŀįňģ.
Ňěẅpǿřț’ș ħįģħ-ěňđ mǻřķěț ħǻș pįčķěđ ųp șpěěđ įň řěčěňț ỳěǻřș, Mș. Đěŀmǻň șǻįđ.Ǻňǿțħěř Ňěẅpǿřț mǻňșįǿň, Fǻįřħǿŀmě, șǿŀđ įň Fěbřųǻřỳ fǿř $16.1 mįŀŀįǿň, ŀěșș țħǻň ǻỳěǻř ǻfțěř țřǻđįňģ fǿř $15 mįŀŀįǿň.
Ẅřįțě țǿ Čǻňđǻčě Țǻỳŀǿř ǻț Čǻňđǻčě.Țǻỳŀǿř@ẅșj.čǿm
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3/18/2016 Newport’s ‘Ocean Lawn’ Seeks $18.5 Million WSJ
http://www.wsj.com/articles/newportsoceanlawnseeks185million1458140358 3/3
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