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Built's Marco Rossi sells Tamarama's most expensive hole in the ground


Marco Rossi sells Tamarama’s most expensive hole in the ground
Elsewhere, Anthony Scali scores $11 million in Palm Beach, fund manager Ben Alexander buys for $25 million in Vaucluse and a rock publicist makes a $6 million return.
An artist’s impression of the development application-approved, Wallace E Cunningham-designed residence in Tamarama. 
Lucy Macken
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Tamarama’s most expensive hole in the ground has quietly sold, five years after it was first listed with $15 million hopes by Marco Rossi, head of privately held construction group Built, and his partner, Stephanie Stokes.
The couple purchased the Thompson Street property on Sydney’s coast in 2008 for a then suburb high of $11 million and demolished the house to make way for a development application-approved, Wallace E Cunningham-designed residence that was expected to be the Rossi family’s forever home. ....

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S&P/ASX 200 dips as Victoria's lockdown gets extended


S&P/ASX 200 dips as Victoria’s lockdown gets extended
OPEC and its allies reached a deal on Sunday to phase out 5.8 million barrels per day of oil production cuts by September 2022 as oil prices hit their highest levels in more than two years.
Zoom announced on Sunday that its buying Five9, a provider of cloud contact centre software, in an all-stock deal valuing Five9 at US$14.7 billion.
S&P/ASX 200 (INDEXASX:XJO) was trading 0.82% lower at 7288 points by about 12.50 pm as Victoria’s lockdown was extended as the state grapples with the Delta variant of COVID-19.
Premier Daniel Andrews said that ending the lockdown would not be the right thing to do. ....

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