• Paolo Pellegrini, the white-hot hedge fund manager who started his own firm last year after working for billionaire John Paulson, has closed on the purchase of a 3,500-square-foot apartment at 88 Central Park West. Pellegrini and his wife Henrietta paid $9 million for the co-op, down from the $10.995 million asking price that owners Ray Errol Fox and Jean Thomas were seeking. The apartment was first listed in May 2008 for $12.995 million. [Cityfile, Stribling]
• Victoria's Secret president Ed Razek has sold his UES pied-à-terre. Razek sold his one-bedroom co-op at 32 East 64th Street for $2.25 million. [Cityfile]
• Deborah Doyle McWhinney, who was appointed as the head of Citi's Personal Wealth Management division this spring, has picked up a new apartment. McWhinney paid $2.88 million for a co-op at 25 East 86th Street. [Cityfile]

• Whoopi Goldberg is headed to Jersey. Two months after she put her Soho loft on the market for $3.99 million (which still happens to be up for sale, incidentally) comes word that the comedienne and View co-host has picked up a 9,486-square foot Colonial on 2.4 acres in West Orange, NJ. Originally listed for $2.999 million, Goldberg closed on the house for $2.8 million. [Real Estalker]
• Paolo Pellegrini, the Italian-born hedge funder who worked for John Paulson until recently and who generated a 80% return this year by betting the economy was going to tank, has a new pad. He's paying "close to" $10 million to buy an apartment at 88 Central Park West from writer Ray Errol Fox and his wife Jean Thomas, a backup singer for Ella Fitzgerald in the '60s. [NYP]
• Walter Cronkite's former apartment at the UN Plaza will soon be up for sale. Joanna Simon, the broker who landed the listing, says the two-bedroom co-op will hit the market "within the month" for $2.995 million. [NYO]