Billionaire Ron Burkle buys trendy Soho House in the Meatpacking District
Money man paid between $200 and $250 million: sources. Burkle's Yucaipa Cos. bought the majority interest in Soho House, the posh members-only private club hotel with locations in London, Berlin, New York, Miami, and Hollywood.Looking to acquire the building that houses the club, Burkle is in negotiations to buy the Meatpacking district property listed for $57 million.The building at 33 Ninth Ave. was being marketed as a potential office conversion by Jones Lang Lasalle. Commercial and retail rents in the area recently soared with ground floor retail fetching as high as $500 per square-foot. Still, some real estate experts thought the building overpriced.