Consultancy co. CEO sells Gold Coast condo for $1.1M

Medium d6b6a2148d08a2da4ff57b1129e67848 Adam M. Aron and Abbe Kahn Aron sold a condo at 950 N. Michigan Ave. in Gold Coast to Craig Stern, Juell Kadet and Alan Kadet for $1.1 million on Aug. 23.

Adam M. Aron and Abbe Kahn Aron bought the property for $1.3 million in Aug. 2004. Unit #43 is part of the One Magnificent Mile condo development, built in 1983. It is located in the Magnificent Mile subdivision.

Adam Aron is director of Starwood Hotels & Resorts Worldwide Inc. in White Plains, New York.

He previously was chairman and chief executive officer of World Leisure Partners Inc., a leisure-related consultancy and Vail Resorts Inc., an owner and operator of ski resorts and hotels. He also was director of Norwegian Cruise Line Limited, Prestige Cruise Holdings Inc., Cap Juluca Properties Ltd. and E-Miles LLC. Earlier, he worked as director of FTD Group Inc., Rewards Network Inc. and Marathon Acquisition Corp.

Adam Aron and Abbe Aron previously sold a 2.5-bath home at 77 Estate Drive in Glencoe for $755,000 in May 1997, and a three-bath home at 1070 Elm Ridge Drive in Glencoe for $1.575 million in Sept. 2001.

According to BlockShopper.com, there have been 17,181 condo sales in Gold Coast during the past 12 months, with a median sales price of $366,500.

Address: 950 North Michigan Avenue
Buyer(s): Craig Stern (Trustee), Juell Kadet and Alan Kadet
Seller(s): Adam M Aron and Abbe Kahn Aron
Sale date: Aug. 23, 2010

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