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Former NBA star Nick Van Exel’s Houston home is back on the market for $12 million, just seven months after its former owners — embroiled in a $280 million fraud case — rushed to sell the mansion as their assets were seized.
If you saw the MTV’s “Cribs” episode that featured Van Exel’s Royal Oaks home in 2005, you probably won’t recognize the mansion that sits at 3102 Noble Lakes Lane today. The former basketball player and coach sold his home to Holton and Earlene Buggs in 2012 for $2.9 million, according to the current listing agent, Diane Kingshill of Martha Turner Sotheby’s International Realty.
Joe Tsai and Clara Wu Tsai said Friday that their pending divorce won’t impact the ownership of their sports empire, which includes the NBA’s Brooklyn Nets, the WNBA’s New York Liberty and the economics of the Barclays Center. Brooklyn Sports & Entertainment (BSE), the parent company, also includes the Nets’ G League affiliate, a training center and a handful of other real estate investments. “Joe will remain chairman and Clara will remain vice chair of [BSE],” the couple said in a statement. “Joe will remain governor of the Brooklyn Nets and Clara will remain governor of the New York Liberty. They will continue to own and be stewards of the teams with professional management in place as they always have.”
Joe Tsai and Clara Wu Tsai said their relationship over the years “evolved into more of a partnership, one of running their businesses and raising their children together.” They added the divorce is amicable and that they plan to involve their children in the long-term ownership of the sports teams. Joe Tsai’s shares in Alibaba, the Chinese tech giant that he co-founded, are also unaffected, according to the statement.
The New York Post was first to report on the divorce’s impact on the Tsais’ assets. The Tsais acquired a 49% ownership stake in the Nets and the Barclays Center rights in 2018. A year later they consolidated ownership at a $3.3 billion valuation, at the time the highest price ever paid for control of a U.S. sports franchise. The family bought the Liberty that same year, from James Dolan, for between $10 and $14 million, Sportico previously reported. Both assets have appreciated significantly. The Nets and arena assets are now worth $6.22 billion, per Sportico’s numbers. The Liberty are now worth $600 million.
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A 20,900-square-foot mansion once featured on MTV’s 'Cribs is back on the market, less than a year after it was sold in one of Houston’s priciest deals of 2025. Now listed for $11.99 million, the Royal Oaks estate was once owned by former NBA All-Star Nick Van Exel. Van Exel, who lived in Houston during NBA off-seasons, spent 13 years playing for various teams including the Los Angeles Lakers, Dallas Mavericks and San Antonio Spurs. He earned an All-Star selection with the Lakers in 1998 before retiring in 2006 and later transitioning into coaching.
Nicolas Batum's Lake Norman mansion sold for its full $6 million asking price. The Cornelius property received an offer within two days of listing May 29. Batum purchased the 1.35-acre waterfront estate for $3.725 million in August 2016
NBA All-Star Tyler Herro has listed his contemporary Pinecrest estate for $11.999 million, offering one of the village's most distinctive luxury residences as the Miami Heat guard begins a new chapter following his trade from the franchise.
Another symbol of Anthony Davis' chapter in Los Angeles is officially gone. The Washington Wizards big man sold his Los Angeles home Thursday for a whopping $32,000,000.
The Las Vegas Diamond Arena, one of the proposed sites for a possible NBA franchise, announced Monday that it has purchased the last piece of land needed for the project. According to a release, the Diamond Arena has completed the purchase of an additional 3.03 acres, giving the project full control of its development site at the northeast corner of Las Vegas Boulevard and Four Seasons Drive, directly across from Mandalay Bay.
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The completed purchase cements the project’s position as a fully entitled and development-ready site. The proposed arena features 21,212 seats and is designed for NBA basketball, concerts, conventions, and major events. “By closing escrow on the final parcel, we now own the entire arena site and have solidified our position as the premier venue for a future NBA franchise in Las Vegas,” said Tom Letizia, spokesman for the Diamond Arena.
NBA legend Ben Wallace is seeking a buyer for his 22,000-square-foot mansion and 35-acre estate in Manakin-Sabot, just months after unloading his longtime basketball gym near the city.
Giannis Antetokounmpo: Price is what you pay. Value is what you get. So in everything that I pay for — for me, how I operate my life — I want to see value. That’s why I buy art. I buy watches. I buy real estate. Everything that I pay for, everything that I put my money in, has to return value back to me. At the end of the day, when I look at $1 million, if you put $1 million in the market, by the end of the year, hopefully, if the market goes well — history has shown it always returns you 9 to 10 percent — that’s $100,000. So when I give $1 million to Ferrari, I’m not giving $1 million. I’m giving $1.1 million because I’m losing the interest that I’m making from that money. Opportunity cost. So this is the habit that I’ve created in my mind now. This will never change.