We took some offline heat from various readers for not jumping on a report by Curbed that Larry Ellison was buying 2840 Broadway (center above) for $40,000,000, a report that was republished on Yahoo! and picked up by others without apparently being fact checked.
So why didn’t we run with it? Quite simply, we couldn’t confirm the story which contradicted our earlier report that Malin and Max would soon be bringing the property to market.
From Ellison today:
“All of the newspaper stories reporting that I am buying the house next-door to my San Francisco home [Editor’s Note: to the right of 2840 Broadway above] for $40 million are untrue,” said Oracle CEO Larry Ellison. “No one has ever offered to sell me the house next-door for $40 million or any other price. If someone does offer to sell me the house next-door for $40 million or an amount anywhere near $40 million I will not buy it.”
That’s not to say Ellison won’t be the eventual buyer, but it is to say that he’s not in contract for $40 million as misreported.
∙ Another Big Billionaire’s Row Home Coming Soon: 2840 Broadway [SocketSite]