'Breakfast at Tiffany's' townhouse is sold

Actually, the elegant NY property has another claim to fame: It was the home of Peter Bacanovic, the Merrill Lynch broker who spent five months in prison as part of the Martha Stewart insider trading scandal. The property has been bought by Cyprus-based Costalea Holdings Limited (whatever that is) for $5.97 million, a bit over the $5.85 million asking price, reports the NY Observer. Baconovic bought the place in 2000 for $1.8 million. By the way, the film's interior scenes were shot in a Hollywood sound stage. Still....

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Obama meets with victims of LAX shooting*
THR's Stephen Galloway wins entertainment journalist of the year
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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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