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• 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]

• Aubrey Barth, a managing principal at Lazard Alternative Investments, and his wife Meredith, have paid $3.3 million for a three-bedroom co-op at 1128 Park. The apartment went on the market in March for $3.995 million. [Cityfile]
Marc Ecko may have saved his company from going bankrupt this week. But his real estate woes go on. Ecko's Colonial-style home in New Jersey—located next door to the larger "castle" that Ecko and his wife are renovating—has been cut in price since hitting the market for $1.229 million in March. The property is now listed for $1.099 million. [Luxist, CB]