Aspen Real Estate Market Booms Amidst Covid-19 Pandemic
- Patrick Dovigi buys Jack Nicholson’s former home in Aspen for $59.75M
- Property not on the market
- Ellen Bronfman Hauptman and Andrew Hauptman sold the house after buying it from Nicholson for $11M in 2013
- Green For Life Environmental founder Dovigi active in Aspen real estate market
Professional hockey player turned entrepreneur, Patrick Dovigi, has purchased Jack Nicholson’s former home in Aspen for $59.75 million. The property was previously owned by Ellen Bronfman Hauptman and Andrew Hauptman who bought it from the actor for $11 million in 2013. The house, known as the Newberry House, was built around the 1890s and has a history of being a good investment. Dovigi is active in Aspen’s real estate market, selling other properties for high prices. Aspen’s luxury property sales have seen a significant increase during the Covid-19 pandemic.
Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about the real estate transaction involving Patrick Dovigi, Jack Nicholson, and Ellen Bronfman Hauptman. It includes details about the property’s history, previous owners, and recent sales in Aspen’s luxury market. However, it lacks some context on the current state of the market and may be considered slightly sensationalized due to its focus on a single real estate transaction.
Noise Level: 6
Noise Justification: The article primarily focuses on the real estate transactions of various individuals and does not provide any significant analysis or insight into broader trends or implications. It mainly reports on specific property sales without exploring the reasons behind them or their impact on the market. While it mentions Aspen’s luxury market growth during Covid, it doesn’t delve deeper into the factors contributing to this trend.
Private Companies: Andell Holdings,Green For Life Environmental
Key People: Patrick Dovigi (Founder of Green For Life Environmental), Ellen Bronfman Hauptman (Seagram heiress), Andrew Hauptman (Financier), Jack Nicholson (Actor), Lou Adler (Producer and Director), Riley Warwick (Broker at Douglas Elliman), Tim Estin (Real Estate Agent at Aspen Snowmass Sotheby’s International Realty)
Financial Relevance: Yes
Financial Markets Impacted: Aspen’s luxury real estate market
Financial Rating Justification: The article discusses high-profile real estate transactions in Aspen, involving well-known personalities and significant amounts of money. These transactions impact the local luxury property market, which can have an effect on the overall financial markets as they reflect trends and demand for high-end properties.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
Deal Size: The deal size is 59750000.
Move Size: The market move size mentioned in the article is 14%.
Sector: Real Estate
Direction: Up
Magnitude: Large
Affected Instruments: Stocks
www.wsj.com 
