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50 Cent finally buried the hatchet in the legal war over his 52-room Connecticut mansion -- and not one person had to get shot.
Moments ago, Fiddy reached settlement with the engineering firm he accused of misleading him about repairs and renovations on the ridiculously huge estate before he bought it from Mike Tyson.
Fiddy claims he never would have bought the crumbling mansion had the firm he hired to inspect it done a proper job. Repairs for the house were estimated by the company at $500,000 -- 50 Cent says he has shelled out millions.
So far, details on the settlement are being kept under wraps.
Celebrity Justice6/5/2009 4:00 PM PDT BY TMZ STAFF
50 Cent's Mansion War -- Game Over
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Reader Comments
(Page 1 of 1)6.
Hoping he goes the way of MC Hammer (ha ha) and 50 Cent reflects not just his stage name but his net worth!
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8.
you get what you pay for homie!!!
how effin dum are you fiddy. why do celebrities always get ripped off so bad
are they just dumb or do the people see them coming?
fffffffff dum celebs
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9.
it is unreal that people still waste money on thaings like 52 room homes then they complain about not having any money or help me i am losing my house DUMBASS!!!!
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10.
I'm no fan of fifty infact I think he's way over rated and can't rap so save his life, but for a rapper he has made some really smart business decisions. For all of you comparing him to mc Hammer, think again. Fifty invested a few million in vitiman water and made millions, then sold the company and made 100 million. When you combine that with his rap money the guy is worth close to 200 million dollars. At hammers peak he was only worth about 25 million.
This house seems to be his only bad investment.
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12.
glad to see him taking care of business and not letting anyone take advantage of him just because he is a rapper......
i guess its common for celebrities to start a construction project and all of a suden they are millions over budget....
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13.
serve him right for buying a dud in the first place, if he wanted to donate millions to charity why not found a legitimate one or give the monies to childrens charities around the world especially to countries where america is fighting its bogus wars..
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14.
Louis Kestenbaum & Joel Kestenbaum, Fortis Property Group close sale of Galleria Towers
âWe acquired the Galleria Towers from Blackstone (which acquired them from Trizec Properties) in November 2006, and maximized value by aggressively pushing rental rates while at the same time increasing the occupancy from around 90% to 98%,â said Fortis Chairman Louis Kestenbaum. Louis Kestenbaum is the father of Joel Kestenbaum, also of Fortis Property. âThe disposition of this asset furthers our goals of maximizing investor returns and geographically diversifying the holdings within our portfolio. We achieved close to 100% profit on our equity investment in the Galleria Towers over a one and a half year holding period, and attained similar returns on our recent sale of International Plaza Tower III across the Tollaway.â
Fortis Property Group,Louis Kestenbaum & Joel Kestenbau, LLC is a real estate investment, operating and development company. Its real estate projects include the ownership and management of Class A office and industrial properties located throughout the United States. Fortis currently owns two other Class A office buildings and an industrial property in the Dallas, Texas area. Nationwide, Fortis currently owns more than 20 properties, which contain over six million rentable square feet. Fortis Property Group CEO Jonathan Landau further indicated that Fortis anticipates raising a value-add real estate fund that will invest in Class A office properties in prime office markets throughout the United States.
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