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Hospitality Scion, Ex-Sotheby's Boss, Designer Sell Homes

Hospitality Scion, Ex-Sotheby's Boss, Designer Sell Homes
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Private-equity exec pays $10.9 million for landmarked Palm Beach house


Sandeep Alva of Onex Falcon buys 4 Golfview Road from trust linked to financier David Martinelli.
Darrell Hofheinz
Palm Beach Daily News
Investment manager David Martinelli has sold, via a deed recorded at $10.9 million, the renovated landmarked house he bought through a trust in 2016 at 4 Golfview Road.
Private-credit-financing specialist Sandeep Alva bought the 1922 house with four bedrooms and 5,207 square feet of living space, inside and out, according to the deed recorded Tuesday.
The house stands on a private road immediately south of Worth Avenue and directly across from the Everglades Golf Course.
Alva founded Falcon Investment Advisors of Boston and New York. In December, his company was acquired by the Toronto investment firm Onex Corp. and is now known as Onex Falcon. Alva serves as its managing director and co-head, according to its website.  ....

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Michael Ainslie talks about his career in memoir


Michael Ainslie s A Nose for Trouble ultimately is about overcoming adversity, the author says.
Susan Salisbury
Special to the Daily News
Michael Ainslie has been a leader on many fronts, serving on the Lehman Brothers board when it filed for bankruptcy in 2008, and being president and chief executive officer of Sotheby’s for 10 years and turning it around.
Ainslie, 77, seems to routinely be in the right place at the right time to experience historic, dramatic and potentially devastating events.
He met with first lady Nancy Reagan on the day her husband was shot, escaped a riot in Vietnam while on a traveling fellowship and faced death threats in New York City over a federal urban improvement program. He also had a business venture in Puerto Rico fail because of the oil embargo of 1973-74. ....

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