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Jay-Z Eyes Real Estate
by kenn on 3/15/2006 11:52:00 AM

Source: teenholl..

It's not enough that Jay-Z wants to run Def Jam - he also has set his sights on being a real-estate magnate like his idol, former NBA star Magic Johnson. The two were overheard at Philippe the other night finalizing the buying of a building in Harlem, said our spy.

Jay-Zs rep denies hes getting into real estate but acknowledged the two had dinner. Meanwhile, Jay-Z still appears to be happy with his girlfriend Beyonce Knowles - but he seems distracted while shes out of town working on Dreamgirls. Witnesses saw the rapper/mogul hanging out with two lovely ladies at the kickoff for the Armory Art Show at Nikki Beach the other night.

We were upstairs in the VIP area and he was with these two gorgeous women and started talking to a friend, one source said. He said, You gotta leave now man, I'm busy getting with these two girls. They all three left together later. Jay-Zs rep said, He was also hanging with Jimmy Iovine and 20 others that your spy missed.

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