Sandberg's real-estate status has been upgraded too — he's now renting a regular place, in Beachwood Canyon.
The Plaza, which is on Central Park South and Fifth Avenue, and 15 Central Park West, a new building a few blocks away at West 62nd Street, were the standout buildings at the height of the real estate boom, status symbols for multimillionaires.
Changes in your net worth, the composition of your estate, job status, residence, and many other factors also should trigger a review of your plan.
It's also interesting, by the way, that well if you lost your wealth there was some poor noble people you still retained your status estate privileges.
Its stock plummeted last week on news that the company lost $64.05 a share in the third quarter, that it had canceled its preferred stock dividend and that it was no longer able to reap the tax advantages of a real estate investment trust status.
"The other truth is that your life in New York isn't quite what you think it is," he continued, describing the "professional silo" that most Manhattanites exist within, with all the attendant anxieties about pecking order, real estate and other status indicators.
About £40m must be raised to fulfil obligations to keep the estate's World Heritage status, Blenheim Palace said.
In a 6-to-5 vote, the board removed about one-fourth of the York Avenue and First Avenue estates from landmark status.
In November, Meditrust, which is based in Needham, Mass., bought the Santa Anita Companies, which owns and operates race tracks, for $458 million to change its real-estate investment trust status.
It rapidly expanded as southern industrialists and businessmen began to see the sports offered by Scottish estates as a status symbol.
