Obama and the NETS Mikhail Prokhorov want your property

July 3, 2010

Wall Street Journal

LeBron James has reportedly been apartment hunting in Manhattan. But for the city’s real estate brokers, there may be a bigger client on the market.

As The Journal’s Craig Karmin reports, New York real estate brokers are drooling over the prospect of showing palatial pads to Russian billionaire Mikhail Prokhorov, 45, the owner of the New Jersey Nets.

The Russian billionaire has made his presence known in Brooklyn as well–albeit in a different way. His firm invested $200 million in the Atlantic Yards development project, which includes the stadium the Nets expect to call home in 2012.


anything to keep the masses happy… even stealing property

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