George Hall Buys Dawkins Estate For $12 Million
Photo credit: homesoftherich.net
By Art Gallagher
The Rumson home of Peter and Judi Dawkins, named Long Point, sold yesterday for $12 million, according to a report in the Asbury Park Press. The 5 bedroom, 9 bath, 6 car garage mansion had been on the market since February 2010 with an original asking price of $29.9 million.
Sources familiar with the transaction told MMM that the new owner is George Hall, founder of the Clinton Group hedge fund and of the Hall Institute of Public Policy – NJ.
One source estimated that the Dawkins lost $10 million on the sale of the home that they built in 2004.
Peter Dawkins,73, a West Point grad and retired Army General, is an investment banker. He won the Heisman Trophy in 1958 and was the Republican challenger to U.S. Senator Frank Lautenberg in 1988.
Dawkins was Vice-Chairman of Bain and Company from 1989 through 1991, leaving around the time that Mitt Romney became CEO of the consulting firm that was in financial distress before Romney turned it around.
Hall, a major Democratic donor, was implicated but not charged in a NY pension fund investigation. Vice President Joe Biden’s 2008 presidential campaign was fined by the FEC for accepting over the limit contributions and a deeply discounted private jet flight from Hall.
Posted: June 4th, 2011 | Author: Art Gallagher | Filed under: Rumson | Tags: George Hall, Long Point, Peter Dawkins | 11 Comments »