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• Russell Simmons' brother Danny, who runs a gallery in Brooklyn and co-founded the Rush Philanthropic Arts Foundation with his brothers Russell and Rev Run, has put his 2,000-square-foot loft in Clinton Hill up for sale for $1.175 million. [WSJ, Corcoran]
• Raphael De Niro, the son of Robert De Niro and a managing director at Prudential Douglas Elliman, has a new apartment. He and wife Claudine paid $2.9 million for a three-bedroom condo at 497 Greenwich Street. [Real Deal]

• Robert Rust's 55-acre estate in North Haven, which set a record when it went on the market for $80 million in January 2007, has undergone its second major price cut. It's now listed for $60 million. [Newsday, Corcoran]
• The Harlem mansion built by Barnum & Bailey co-founder James Bailey is now 35 percent off. The 12,000-square-foot house, which went on the market for $10 million in November, is now priced at $6.5 million. [WSJ, Stribling]