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Developer Sells Central Park Square

on February 6, 2012 - 5:00pm

Central Park Square

BUSINESS News:

The Los Alamos Daily Post has learned that Philip H. Kunsberg of Los Alamos has purchased Central Park Square from Tom Netuschil, owner of Netuschil Development Corp in Los Alamos.

A mortgage dated Dec. 29, 2011 lists Kunsberg, along with John Vogel Jr. and Judith A. Music, as borrowers on a loan financed through Los Alamos National Bank that also purchased the two-story building at 464 Central Ave., across from the Hilltop House Hotel and property at 278 DP Road. Although it’s unclear how much the individual properties cost the partners, documents related to the sale state, “the total amount secured by this security instrument at any one time will not exceed $35 million.”

Kunsberg could not be reached for comment, but according to a Bloomberg Newsweek executive profile, the 61-year-old serves as managing director and general counsel of Hollinger Digital Inc., the venture capital subsidiary of Hollinger International Inc., since May 1997.

Since 1998, Kunsberg also has served as director on the board of American Interactive Media, Inc. and is a former director for SUMmedia.com Inc. Before joining Hollinger, Kunsberg spent five years at Los Alamos National Laboratory where his work focused on computer modeling of complex systems and system dynamics analysis. During that time, he founded the Technology Institute, a non-profit organization in Los Alamos dedicated to promoting international collaboration in science and technology, according to the Bloomberg Newsweek report.

Kunsberg received his Juris Doctor, Master of Arts in Philosophy and Bachelor of Arts degrees from Yale University.

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