News about Marshall Field III

The Holme, a four-acre house with views across a lake in Regent's Park, is expected to sell for £250 million, much more than the previous record holder, a 45-room mansion overlooking Hyde Park, which was sold three years ago for £210 million. Of course, as is the case with recent owners, whoever buys it will want to make it their own, most likely with a complete refurb costing at least £1,500 per square foot. On another level, a doer-upper on another level. Mind you, the transaction will be difficult. According to the Financial Times, the house is now in receivers' custody after its Saudi Arabian royal owners defaulted on a loan that was secured against the property and other assets.