RUMSON: SIDE-BY-SIDE MANSIONS FOR SALE

dawkins-estate3George Hall’s 18,000-square-foot house, as seen from the Navesink in 2008. Below, the Gooch estate next door. (Photo above by John T. Ward; below from Monmouth MLS.Click to enlarge)

By JOHN T. WARD

76 w river rumsonLess than three years after dropping $12 million for one of Rumson’s grandest homes, hedge fund tycoon and Kentucky Derby horseman George Hall has put the place up for sale.

Hall’s 18,000-square-foot West River Road residence, formerly owned by Heisman Trophy winner Pete Dawkins, hit the market last week for $17.2 million.

Well-heeled shoppers for a Navesink River crib might also want to check out Mickey Gooch’s place next door, with an asking price of $16.5 million.

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A LITTLE BIT COUNTRY, A LITTLE BIT MOBILE

A mobile language lab at RBR will be stocked with iPads when it opens in September, thanks to a donation from the school’s fundraising foundation.  (Click to enlarge)

By DANIELLE TEPPER

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Come September, Red Bank Regional High School will have a fully operational Apple Mobile classroom for the 2012-2013 school year for its world language classes.

The RBR Education Foundation recently presented the Board of Education with a check for $28,000 to purchase an iPad cart equipped with 35 iPads and three MacBooks with a two-year protection program, as well as a voucher for applications available to “foster the acquisition of foreign language.”

“This level of accessibility into other cultures and languages is completely unprecedented,” said assistant principal Will Smith.

 

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HALL CLAIMS WIN IN LOCAL BANK STAKES

The Fair Haven office is one of just five for the locally focused bank. (Click to enlarge)

By MIKE BARON

The shareholders of Rumson-Fair Haven Bank & Trust have spoken, and they apparently aren’t all that worried that hedge fund honcho George Hall is going to turn the their well-heeled area into a Pottersville.

Hall is the founder of investment firm Clinton Group, which has more than $2.5 billion in assets under management, according to its website. On May 11, he won his battle to remove William Barrett as chairman of of the five-branch bank after an independent judge finalized the results of the bank’s annual shareholder vote. Hall is replacing Barrett on the board, and a new chairman is set to be chosen when the bank’s directors meet on Monday.

While the area is undoubtedly a far cry from Bedford Falls, the fictional setting of the classic movie “It’s a Wonderful Life,” Barrett had reportedly likened Hall to Henry Potter, the film’s villain, amid criticism by Hall that the bank wasn’t doing enough local lending.

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RUMSON: TALK ABOUT DOWNSIZING

From this… to that? Having moved out of the 18,000-square-foot colossus above, Pete and Judy Dawkins recently purchased the home shown below. (Click to enlarge)

By JOHN T. WARD

Eight months after selling one of Rumson’s most jaw-dropping homes for $12 million, Heisman Trophy winner and financier Pete Dawkins has picked up a relatively modest house across town.

Monmouth County property records show Dawkins and his wife, Judy, closed on a house on Highland Avenue earlier this month, paying $1.3 million.

Unlike Long Point, the Dawkinses’ former Navesink River-front estate whose driveway was nearly as long as their new street, the new place has neighboring homes just a dozen feet away on either side.

As to what he Dawkinses plan to do with the house, they’re not saying.

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LEDGER LIVE TEAS UP HALL MANSION

Hedge Fund manager George Hall’s $12 million Rumson mansion – or more precisely, a federal tax loophole that grants people in Hall’s field of work a sweet income-tax bargain – is harshing the mellow for kayaker and Star-Ledger video commentator Brian Donohue.

In Monday’s edition of Ledger Live, host Donohue takes aim at the tax loophole, and finds a Tea Party leader who agrees with him that the break doesn’t make sense, even though the national Tea Party has been blocking closure of the loophole.

The clip also features video from the raucous Tea Party shoutdown of Congressman Frank Pallone – and a woman in a wheelchair – at a town hall meeting held at the Red Bank Middle School in September, 2009.

LIGHTNING HIT REPORTED AT HALL MANSION

hall-rumsonRumson firefighters prepare for the trip down the long driveway at Long Point, the home of financier/horseman George Hall, after a report of a lightning strike around 5:20 p.m. Monday. Responders said there were no known injuries or structural damage to the 18,000-square-foot main residence, but they were still checking. “It’s a big house, with a lot of lightning rods,” said one fireman. (Click to enlarge)

RUMSON ESTATE GOES TO DERBY HORSEMAN

dawkins-estate3The Dawkins estate in Rumson as seen from the Navesink in 2008. (Click to enlarge)

By DUSTIN RACIOPPI

In a record-setting deal for Rumson, a Wall Street hedge-fund tycoon and headline-grabbing horse owner has purchased Pete Dawkins‘ mega-estate on the Navesink.

The sprawling West River Road gem known as Long Point went for $12 million to an entity controlled by George Hall, a financier who’s become a familiar railbird at big-stakes racing events.

Though Hall was widely rumored to be the buyer, official confirmation was unavailable until late last week, when a deed filed with the Monmouth County Clerk’s office was posted on that agency’s online database. It includes a document signed by Hall as the corporate officer of the named buyer, 80 West River Road LLC. Hall’s office in New York is given as the return address for 80 West River Road LLC in related documents.

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