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♦ James Fairchild—the son of John Fairchild, the founder of Fairchild Publications—and wife Whitney have sold their third-floor apartment at 1 Sutton Place for $9 million. [Cityfile]
♦ The buyer of Max Mutchnick's two-bedroom West Village apartment is sports mogul Randy Lerner, who owns both the Cleveland Browns and the Aston Villa soccer club in England. [Cityfile]
♦ Mariann Florio, the widow of former Condé Nast CEO Steve Florio, has put her waterfront house in Key Largo on the market for $8.9 million. The Florios paid just $4.8 million for the six-bedroom Mediterranean mansion back in 2001. [WSJ, Sotheby's]
♦ Interior designer Lorraine Kirke has slashed the price of her 7,000-square-foot East Hampton home twice since first putting it on the market for $14.5 million last year. It's now down to $11.5 million. [Newsday, Sotheby's]