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In the Shadow of the Boom (The New York Observer)

Once upon a time, two young men named Ira Shapiro and Marc Jacobs left Rockland County for the isle of Manhattan to build a tower all the way to the sky. Day by day, week by week, their tower at One Madison Park rose. New York’s glitterati took notice. Parties were held. Photographs flashed. Messrs. Shapiro and Jacobs knew how their story would end: They’d walk away richer than before. More ...

The Wannabe Warhol (The New York Observer)

You can spend hours at 172 Duane Street, in Tribeca, and still have no clue what’s going on here. People come and go at all hours. A thick cloud of pot smoke makes you think you’ve wandered into a building on fire with a stereo cranked at full blast. Sometimes the four-story warehouse is a sprawling art gallery; at other times, it’s a photo studio, or an indie band’s rehearsal space. Most of the ...

Sheffield Residents Plan to Party as Fortress Takes Over the Sheffield from Swig (The New York Observer)

Residents of Sheffield57, perhaps the most ill-starred condo conversion in recent history, are "europhic" that developer Kent Swig and his junior partners on Thursday formally lost control of the project they began four years ago. "We’re going to have a number of celebrations," said Larry Wagner, a condo owner and former Nomura CFO. That series of bashes will include a celebration in September ...

Vornado’s Steve Roth: Years Before Commercial Real Estate Demand Catches Up with Supply (The New York Observer)

The New York Observer’s print edition before it hits newsstands. Politics, Media, and Real Estate stories, plus online-exclusive Green news and New York sports analysis.

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Real Estate Brokers Spin New Advertising Lingo (The New York Observer)

The New York Observer’s print edition before it hits newsstands. Politics, Media, and Real Estate stories, plus online-exclusive Green news and New York sports analysis.

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