For personal, non-commercial use only. Do not edit, alter or reproduce. For commercial reproduction or distribution, contact Dow Jones Reprints & Licensing at (800) 843-0008 or www.djreprints.com.

His Hoops Seaside Hero Serenity NBA’s Chris Paul A $1.6 million on the power makeover of 61 M12 MANSION in Oslo M3

HOMES | MARKETS | PEOPLE | REDOS | SALES THE WALL STREET JOURNAL. Friday, October 5, 2018 | M1

University of Alabama Estimated Worth Tuscaloosa, Ala. $3 million ART MERIPOL FOR THE WALL STREET JOURNAL (2); UNIVERSITY OF ALABAMA (PENNANT) SLAVEN VLASIC/GETTY IMAGES (CHRIS PAUL); HERMAN EKENDAHL-DREYER FOR THE WALL STREET JOURNAL (OSLO)

The President’s Mansion is a bustling social center for the campus. President Stuart R. Bell and his wife Susan, above right, say they host dozens of events annually at the antebellum, 11,781-square-foot Greek Revival mansion, including alumni and student tours, formal dinners, student barbecues and tailgate partiesforupto800.

B.M.O.C. Big Mansions On Campus

College presidents often live rent-free in grand homes with bucolic grounds. The historic residences also host alumni events, game-day festivities— and maybe a ghost or two. Cornell College Estimated Worth College of William & Mary Estimated Worth Mount Vernon, Iowa $2.3 million BY KRIS FRIESWICK Williamsburg, Va. $10 million

n August, Katherine A. Rowe and her husband Bruce Jacobson moved into a 5,763-square-foot Colonial Georgian built in 1732 that has wit- nessed the famous, and infamous, for centu- ries. It housed British General Charles Corn- Iwallis near the end of the Revolutionary War, and has hosted George , Thomas Jefferson, and every president from Woodrow Wilson to Dwight Eisenhower. It is also a great deal. As president of the 325-year- old College of William & Mary, Ms. Rowe gets to live Forfree in what thepersonal, school attests is the country’s oldest official college presidential residence. “Being in this house brings us back to that early moment of thinking about the beginning of higher education in this coun- try,” she says. One of the most lucrative perks of becoming a college or university leader is the housing. The average tenure of a college chief was 6.5 years in 2016, according to a

RAU+BARBER FOR THE WALL STREET JOURNAL (2); CORNELL COLLEGE (PENNANT) study by the American Council on Education. During TYLER DARDEN FOR THE WALL STREET JOURNAL (2); WILLIAM & MARY (PENNANT) their time in charge, many presidents get to live in some Jonathan Brand, Rachelle LaBarge and of the grandest and most historic properties in the U.S. This Colonial Georgian hosted the Didi live at this home, which is on the For many campus leaders, the value of their free famous and the infamous; residents National Register of Historic Places. PleaseturntopageM6 Katherine A. Rowe and Bruce Jacobson.

A Promise non-commercial Fulfilled use only.

What happens when death derails a couple’s dream-home plans.

BY KATY MCLAUGHLIN

FOR 25 YEARS, Bill and Debra Rooney lived in Yorba Linda, Calif., where Mr. Rooney founded and ran and electrical-con- tracting firm. But they dreamed of living part-time on a

FROM TOP: BRENT BINGHAM FOR THE WALL STREET JOURNAL; ROONEY FAMILY ranch in Colorado. In 2007, they bought a house on 35 acres in Steamboat Debra Rooney Jaso rebuilt Springs and drew up plans for a roughly $500,000 gut reno- this Steamboat Springs, vation that included big picture windows where they could Colo., ranch house after watch herds of elk saunter by. They were in the midst of losing her husband Bill, building in 2009 when the plane Mr. Rooney was piloting above, and son in a plane crashed coming home from Steamboat Springs. Mr. Rooney, crash in 2009. PleaseturntopageM4 For personal, non-commercial use only. Do not edit, alter or reproduce. For commercial reproduction or distribution, contact Dow Jones Reprints & Licensing at (800) 843-0008 or www.djreprints.com. M6 | Friday, October 5, 2018 THE WALL STREET JOURNAL. MANSION

Cornell College B.M.O.C. Mount Vernon, Iowa

Built: 1850 Square footage: 7,664 square feet Named after a prior president who Big Mansions put up with its poor condition, Garner President’s House has recently undergone a big On Campus renovation.

ContinuedfrompageM1 (Estimate by Meridith Hoffman, Iowa Realty, accommodations is not taxed as Mount Vernon, Iowa) income. According to Donald Bud- nick, a New York-based accoun- tant, housing isn’t considered part of taxable compensation so long as the president is required to oc- cupy the home as a condition of employment and the home is lo- cated on campus. This is the case for about 70% of public college and university presidential con- tracts, according to research from James Finkelstein, professor emeritus, and Judith Wilde, pro- fessor, both in public policy at George Mason University. (No data was available for private college presidents.) For these presidents and chan- cellors, the campus homes are also more than residences. They serve as the cog in a university’s social life, hosting events for students, faculty, alumni and prospects throughout the year. The President’s Mansion at the University of Alabama, in Tusca- loosa, is a bustling social center for the campus. President Stuart R. Bell and his wife Susan say they host dozens of events annually at

the antebellum, 11,781-square-foot FROM TOP: RAU + BARBER FOR THE WALL STREET JOURNAL (4); ART MERIPOL FOR THE WALL STREET JOURNAL (2) Greek Revival mansion, which fea- Gifted to the college in 1908 by one of Cornell’s earliest presidents, the house is hailed as an exceptional example of Gothic/Victorian architecture. tures dramatic, twin curving stair- Current resident Jonathan Brand and his wife Rachelle LaBarge, above, love their bright kitchen with a view of the campus. cases from the ground to the for- mal second-floor balcony entrance. The University of Alabama Between alumni and student Tuscaloosa, Ala. tours, formal dinners, student bar- becues, tailgate parties for up to 800 and Easter egg hunts for local Built: 1841 children (featuring 9,000 eggs this Square footage: 11,781 square feet year), the place clearly belongs to including outbuildings, garage and the campus community. “It did storage and porches take a little bit of an adjustment to hear people coming and going On 3 acres, the President’s through our house all the time,” Mansion is an antebellum, Greek says Mrs. Bell. “Within a couple of Revival mansion with exterior twin months, it was astounding when curving staircases. there were not people going (Estimate by Donna Petty, Hamner Real Estate, through.” Tuscaloosa, Ala.) Some presidential homes, due to location, size or tradition, are less a social center and more like an inn. The President’s House at Salve Regina University in Newport, R.I., occupied by President Sister Jane Gerety for the past 10 years, is a 6,000-square-foot, seven-bedroom renovated carriage house and sta- ble that was part of a grand estate built for successful banker William Stuart R. Bell says the home may have ghosts. ‘We’d been here a week and a half and heard noises,’ he says.

PRESIDENTIALFor personal, RESIDENCES AROUND THE U.S.

Seattle Hill-Crest (also known as the Walker Ames Mansion) President Ana Mari Cauce and Susan Joslyn

Built: 1907 Square footage: 12,510

Once considered the most expensive public college presiden- tial residence in the U.S., Hill-Crest was built by lumber baron William Walker, who left it to his daughter and her husband. Cambridge, Mass. The couple bequeathed the home to U of W in 1932. HARVARD UNIVERSITY A UNIVERSITY; GETTY IMAGES Elmwood ESTIMATE: $7.5 million. Patti Hill, of agency John L. Scott, President Lawrence S. Bacow and Adele estimates that due to the fact that the home is not on the Fleet Bacow non-commercial usewater, it would sellonly. for about $2.5 million less than its water- front neighbors. Built: 1767 Square footage: Not provided

Elmwood was built for Thomas Oliver, royal governor of Massachusetts, who abandoned the property after the Revolu- Newport, R.I. tionary War, according to a report in the SALVE REGINA UNIVERSITY Harvard Crimson. William Watts Sherman Carriage House President Sister Jane Gerety ESTIMATE: $45 million. On 2.6 acres, the ‘estate is so large that it is very likely divis- Built: 1876 ible into multiple still-significant estates,’ Square footage: 6,000 says John Petrowsky of Compass Real Es- tate in Cambridge, Mass., who worked with ESTIMATE: Around $2.5 million, according Christian Jones on the estimate. Harvard to Kate Kirby Greenman of Gustave White didn’t respond to requests for comment. Sotheby’s International Realty, Newport, R.I.

New Haven, Conn. President’s House President Peter Salovey and Marta Elisa Moret Cambridge, Mass. MASSACHUSETTS Built: 1871 INSTITUTE OF TECHNOLOGY Square footage: 13,344 Gray House President L. Rafael Reif and Christine Reif Built for local entrepreneur Henry Farnam, the mansion became the president of Yale University’s official home in Built: 1917 1937, and is sited on park-like grounds in the Hillhouse Av- Square footage: Not provided enue National Historic District. It underwent a $17 million renovation in 2013 when Mr. Salovey and his wife moved ESTIMATE: $10 million and up, according in full time (the first president to do so in 27 years). to John Petrowsky and Christian Jones, Compass Real Estate in Cambridge, Mass. ESTIMATE: Approximately $4 million, according to Jack The school didn’t respond to requests for Hill, of Seabury-Hill Realtors in New Haven. comment. CLOCKWISE FROM TOP LEFT: HARVARD UNIVERSITY; MICHAEL WALMSLEY/UNIVERSITY OF WASHINGTON; WEILIN CHAN FOR THE WALL STREET JOURNAL (MIT); SALVE REGIN For personal, non-commercial use only. Do not edit, alter or reproduce. For commercial reproduction or distribution, contact Dow Jones Reprints & Licensing at (800) 843-0008 or www.djreprints.com.

THE WALL STREET JOURNAL. NY Friday, October 5, 2018 | M7 MANSION

College of William & Mary Williamsburg, Va.

Built: 1732 Square footage: 5,763squarefeet, plus a 2,152-square-foot basement

This home housed British General Cornwallis during the Revolutionary War. It has also hosted George Washington, Thomas Jefferson, and every president from Woodrow Wilson to Dwight Eisenhower.

(Linda Berryman, Berkshire Hathaway HomeServices Towne Realty, Williamsburg, Virginia)

Watts Sherman in 1876, according The Colonial Georgian mansion to historical records. It is one of includes a portrait of George seven contiguous historic estates Washington, one of the home’s owned by Salve Regina in the visitors. The antique-filled south Ochre Point/Bellevue Avenue neigh- and north parlors of the home are borhood, known for Gilded Age used as formal entertaining areas. mansions like the Marble House, built in 1892 for William Vander- just launching an 18-month, $1.9 bilt, and the Breakers, built in 1895 million renovation. for his brother Cornelius. Prior to their arrival, Mr. Brand The President’s House is divided said the board debated whether to into two apartments, one for the undertake renovations at all, given president, one for visitors. Sister the poor condition of the 168- Gerety says her bedroom was year-old home. His predecessor, where Mr. Sherman’s staff used to Les Garner and his wife Katrina, wash the estate’s horse-drawn lived in the house for 16 years, coaches. “I’m living in a place and Mr. Brand says the house was where servants lived,” she says. “I named after them to honor how like the symbolism of that.” they made the home a focal point Aside from their history and of the community, and also due to pedigree, another recurring theme their fortitude in living with its among these campus treasures is challenges, including constantly the maintenance, repairs and reno- freezing pipes and a leaky roof. vations they require, which be- “They had a very tight relation- cause of their age and intensity of ship with the facilities staff,” says

usage can be a constant, expensive Mr. Brand. “I mean I can visualize TYLER DARDEN FOR THE WALL STREET JOURNAL (5) process. them blowing with hair dryers on Garner President’s House at pipes literally an hour before an dent’s House, which is on several and a half and heard noises,” he tea and the newspaper. Ms. Rowe Cornell College in Mount Vernon, event.” campus ghost walks, reportedly says. “We looked all through the and Mr. Jacobson say they cherish Iowa, is on the National Register Despite the renovation, Mr. has apparitions, says Ms. Rowe. house and couldn’t find anything, their cozy upstairs den. Sister of Historic Places. Gifted to the Brand says that rumors persist that They like to knock on the front and Susan and I turned to each Gerety likes to meditate in her college in 1908 by William Fletcher the spirit of Mr. King, the early door, and open the kitchen cabi- other and said, ‘this is a big house, home’s sunroom, which looks out King, one of Cornell’s earliest president who donated the home to nets at night, she says. There are let’s go to sleep.’” over a rose garden. Mr. Brand and presidents, it is hailed by archi- Cornell on the condition he be al- tales of a ghost of a French soldier Despite the challenges of living Ms. LaBarge love their bright tects as an exceptional example of lowed to continue living there, still who died in the house in the in so public a space—with visitors kitchen. Gothic/Victorian architecture, the occupies the place. “People say he 1700s. “I speak French, and I fig- both corporeal and incorporeal— Mr. Brand says that he’s taking college says. stayed for 13 years after he retired,” ure when he’s ready to have a con- the presidents and their spouses a cue from former President King It was also falling apart. When says Mr. Brand. “But I think it versation, he’ll let me know,” she say they wouldn’t trade the experi- who, as was his wish, lived in the President Jonathan Brand and his might be more like 100 years.” says. ence. The Bells are enamored with house until he died in 1921. “I’ve wife Rachelle LaBarge arrived in Ghosts are another of the perks The University of Alabama their home’s majestic front porch, already penned a letter to my suc- 2011, they had to move to tempo- that come with a presidential resi- home may have one as well, says where Mr. Bell says he spends cessor,” Mr. Brand says. “‘Get rary housing as the school was dence. William & Mary’s Presi- Mr. Bell. “We’d been here a week many Sunday mornings with hot ready. We’re not leaving.’”

For CONDOMINIUMSpersonal,

non-commercial use only.

OCCUPANCY EARLY 2019

Live just one stop from Midtown, directly across the street from MoMA PS1 in Long Island City, NYC’s fastest growing neighborhood. GALERIE residences offer over 13,000 sq ft of innovative amenities such

The complete offering terms are in an offering as a stunning pool, sculpture garden, landscaped roof terrace, dining lounge, children’s playroom, a curated ArtBox, and more. Designed by master modernist architects ODA New York, with interiors by Paris Forino Design.

SALES GALLERY FOLLOW THE ARTISTS @GalerieLIC 2222 JACKSON AVE LIC 646.775.2218 [email protected] Equal Housing Opportunity. plan available from Sponsor. File No.C/O CD17-0072 Adam Sponsor: America 22-12 Real Jackson Estate Owner, 850 LLC Third Avenue, Suite 13D, New York, NY 10022. EXCLUSIVE MARKETING AND SALES HALSTEAD PROPERTY DEVELOPMENT MARKETING | THE AGUAYO TEAM