Peter Kraus Pays Big at 720 Park
Those three months of work really paid off nicely for Peter Kraus: The ex-Merrill Banker—who collected $25 million for laboring at the bank from September until the end of the year—closed on the purchase of Carl Spielvogel and Barbaralee Diamonstein-Spielvogel's co-op at 720 Park last week for $36.63 million. [Real Deal, previously]