Rappers Help Make Alpine, NJ Priciest Place To Live

Posted: Monday, August 31, 2009

A host of Hip-Hop superstars have helped a community in Alpine, New Jersey earn the title of “most expensive zip code” by Forbes magazine.

A new list published today by the popular magazine revealed that the Alpine zip code of 07620 is the priciest place to live in the United States, with the average home selling for around $4.14 million dollars.

A number of notable Hip-Hop acts have helped inflate the value of the real estate in the area, by purchasing expensive mansions in Alpine, which was formed in 1904.

Entrepreneurs and artists like Sean “Diddy” Combs, Lil Kim, Fabolous, Jay-Z, Russell Simmons, LL Cool J, Andre Harrell, Fabolous and Damon Dash have called Alpine home at one time or another.

The neighborhood, which is about 10 miles from Manhattan, edged out zip codes like Atherton, California, which was the second most expensive place to live in the nation with an average cost for a home at about $3.85 million.

New York’s West Village is the third on Forbes list, with the average price of a home selling at about $3.5 million dollars.

Other esteemed zip codes on the list include 81611 (Aspen, Colorado), 90210 (Beverly Hills) and 93953 (Pebble Beach, California).

According to Forbes, all of the top ten places to live in the United States are in California, New York and New Jersey.

Source: Allhiphop.com



Jay-Z Brings Roc Nation To Sony

Posted: Wednesday – July 1, 2009

Superstar rapper/mogul Jay-Z has officially signed a new distribution deal with Sony for his new label Roc Nation.

According to Billboard, the rapper’s new solo album The Blueprint 3 will be distributed by Atlantic, although that deal is only for the third installment of the rapper’s Blueprint series of releases.

Jay-Z offered to have the Roc Nation imprint be distributed through his longtime home Def Jam over four years ago.

Island Def Jam Music Group (IDJ) also distributes Jay-Z’s Roc-A-Fella imprint, which has such superstar artists as Kanye West, Jadakiss, Beanie Sigel and others.

“You have to figure, this is like four years ago, and to them it was just like, ‘Are you crazy? No! Make a song,’ ” said the mogul, who bought his way out of his Def Jam contract for an estimated $5 million.

The rapper also revealed that executives at IDJ were not fully capitalizing on Jay-Z’s entrepreneurial abilities.

“To me it was like, I’ve sold companies for huge amounts of money. I’m an entrepreneur – that’s what I’ve been all my life,” Jay-Z told Billboard. “I can’t just sit here and make records and not do anything else. Why wouldn’t you want to do this with me? I felt under-utilized.”

On the management side, Roc Nation handles the careers of Wale, Melanie Fiona, Mickey Factz and others.

Source: Allhiphop.com

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