• Former General Electric CEO Jack Welch has closed on the purchase of an apartment on the 46th-floor of One Beacon Court. It's located next door to the apartment he already owns. And the legendary exec—who just got out of the hospital a couple of weeks ago—scored a pretty good deal, too: Welch paid $8.3 million for the apartment, or nearly $1 million less than what it was first listed for back in February. [Cityfile, previously]
• Kimora Lee Simmons has dropped the price of her blingtastic mansion in Saddle River, NJ. The four-acre estate, which first went on the market for $23 million last year, is now listed for just $16.5 million. [NYP, Sotheby's]
• Restaurant mega-publicist and Iron Chef America judge Karine Bakhoum has put her co-op at 205 East 69th Street on the market. The three-bedroom pad with fireplace and chef's kitchen is listed for $2.35 million. [NYP, Halstead]