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-Z’s rep denies he’s getting into real estate but acknowledged the two had dinner.

Meanwhile, Jay-Z still appears to be happy with his girlfriend Beyoncé Knowles - but he seems distracted while she’s 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-Z’s rep said, “He was also hanging with Jimmy Iovine and 20 others that your spy missed.”

Source: New York Post

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Posted by Lawren at March 14, 2006 07:55 AM | Trackbacks (0)

You Said

AND?

Says: renee at March 15, 2006 11:10 AM

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AND??, HE IS UGLY NOT DEAD...AAAAND NOT MARRIED

Says: COOK at March 15, 2006 07:31 PM

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When ur secure in ur relationship, he can chill with whomever he wants. B knows what's what and so does Jay. People need to get lives and stop spying on them!

Says: JayBee at March 15, 2006 08:14 PM

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That's how sh*t get started!..People need to stay out of Jay's business and worry bout they own man..or woman.

Says: Big Lon at March 15, 2006 10:17 PM

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