In This Week’s [em]Observer[/em]…

Bear Stearns Feasts at 237 Park Avenue
“When it comes to the relentless pursuit of prime Manhattan real estate, Bear Stearns is virtually unmatched. After taking 250,000 square feet in two leases last year, the I-bankers are closing in on a 106,000 square foot expansion at 237 Park Avenue.”
Lawyers Love 919 Third Avenue
“The law firm that has the ear of every major hedge fund in the city, Schulte Roth & Zabel, has signed a lease for an 88,0000 square foot expansion at its headquarters at 919 Third Avenue.”
Go to Commercial Breaks by John Koblin.

A Booth Remains the Same at Former Beat Drinking Hole
“Don’t be fooled by the freshly-scrubbed floors, potted tropical-looking plants, and lively Latin music at Jeremy Merrin’s newest restaurant, located at 2911 Broadway, across from Columbia University. This is, in fact, Jack Kerouac’s favorite New York dive bar. At least, it used to be.”
Go to Counter Espionage by Chris Shott.

Model Lands Urban Glass House Condo
“The Ralph Lauren model Filippa Hamilton has bought a duplex on the 10th and 11th floors of the Urban Glass House, the last residential commission of the late Philip Johnson.”
Chelsea Rowhouse Goes for $8.25 Million
“The Andrew Norwood House, a landmarked rowhouse at 241 West 14th Street, has been sold to the 29-year-old developer Ben Shaoul for $8.25 million.”
Go to Manhattan Transfers by Max Abelson.

Battle for Red Hook Pivots on Cargo and Cruise Ships
“Just a couple of years ago, the container port in Red Hook, Brooklyn, looked doomed. But fierce reactions from neighbors and politicians who want to hold tightly to the ‘working waterfront’ of Red Hook’s storied past spurred the city’s Economic Development Corporation to temper its condos-and-cruise ship formula for the port.”
Go to story by Matthew Schuerman.

Paris, London Make Manhattan Offices Look Cheap
“Manhattan office-market stats out last week showed what everyone already knows: The borough has one of the most expensive and tightest office markets in the world. But it’s nothing compared to Paris, London, Hong Kong, and a few other (select) cities.”
Go to The Lab by Tom Acitelli.

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