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	<title>Observer &#187; In This Week&#8217;s [em]Observer[/em]&#8230;</title>
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		<title>In This Week&#8217;s [em]Observer[/em]&#8230;</title>

		<comments>http://observer.com/2007/01/in-this-weeks-emobserverem-8/#comments</comments>
		<pubDate>Wed, 24 Jan 2007 09:17:04 -0400</pubDate>
					<link>http://observer.com/2007/01/in-this-weeks-emobserverem-8/</link>
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		<description><![CDATA[<p><strong>Hudson Square Grabs Viacom Lease</strong><br />
"Media behemoth Viacom has a lease out for as much as 250,000 square feet at 345 Hudson Street in the long-struggling commercial area of Soho's Hudson Square."<br />
<strong>New York Sports Club Parent Leases in Penn Plaza</strong><br />
"Take that, Equinox! Town Sports, which controls omnipresent gym New York Sports Club, has found its new headquarters. Town Sports will move into a 28,000-square-foot home at 5 Penn Plaza."<br />
<a href="http://nyobserver.com/20070129/20070129_John_Koblin_finance_commercialbreaks.asp">Go to Commercial Breaks by John Koblin.</a></p>
<p><strong>Bank Branches Disappearing? What Corner You Live On?</strong><br />
"Not long ago, some retail brokers were predicting a sort of cataclysmic bubble-bursting for the city's seemingly never-ending bank-branch boom. At least at street level, these forecasts of a recession in the recent retail-leasing dominance of banks appear quite premature."<br />
<a href="http://nyobserver.com/20070129/20070129_Chris_Shott_finance_counterespionage.asp">Go to Counter Espionage by Chris Shott. </a></p>
<p><strong>Moses Envy: Caro, Columbia Battle Over  The Ghost of Moses</strong><br />
"Sometime last fall, the biographer Robert Caro got a phone call from Roger Hertog, vice chairman of Alliance Capital Management and a rich and powerful New York City history buff. Columbia was planning a big exhibit on Robert Moses, New York's master builder from the mid-20th century, and he wanted to know if Mr. Caro would give a lecture as part of it. It was the first time, Mr. Caro said, that he had heard from anyone connected to the massive three-part exhibit opening next week, 'Robert Moses and the Modern City,' which includes among its backers noted historian Kenneth T. Jackson."<br />
<a href="http://nyobserver.com/20070129/20070129_Matthew_Schuerman_finance_financialpress.asp">Go to story by Matthew Schuerman.</a> </p>
<p><strong>Johnson &amp; Johnson Heiress Libet Sells Last Trump Condo for $18.5M</strong><br />
"After a five-year wait, heiress Libet Johnson has finally sold off the brassiest penthouse in the brassiest tower in town. According to city records, she parted with Penthouse 51-B at Trump International on Central Park West for $18.5 million."<br />
<strong>Andre to Wally: Comfort Can Be Dangerous!</strong><br />
"Wallace Shawn and Deborah Eisenberg, the exceedingly literary local power couple, have bought the duplex penthouse in a West 23rd Street brownstone near 10th Avenue. According to city records, they paid $2,158,530."<br />
<a href="http://nyobserver.com/20070129/20070129_Max_Abelson_finance_manhattantransfers.asp">Go to Manhattan Transfers by Max Abelson.</a></p>
<p><strong>Sky-High Property Taxes Give Renters the Shaft </strong><br />
"Renters, beware! You are about to get shafted--thanks to property taxes. For many years now, rental landlords (and commercial-building owners) have been paying disproportionately more in property taxes; and they often pass these higher taxes on to tenants through higher rents."<br />
<a href="http://nyobserver.com/20070129/20070129_Tom_Acitelli_finance_thelab.asp">Go to The Lab by Tom Acitelli.</a></p>
]]></description>
		<content:encoded><![CDATA[<p><strong>Hudson Square Grabs Viacom Lease</strong><br />
"Media behemoth Viacom has a lease out for as much as 250,000 square feet at 345 Hudson Street in the long-struggling commercial area of Soho's Hudson Square."<br />
<strong>New York Sports Club Parent Leases in Penn Plaza</strong><br />
"Take that, Equinox! Town Sports, which controls omnipresent gym New York Sports Club, has found its new headquarters. Town Sports will move into a 28,000-square-foot home at 5 Penn Plaza."<br />
<a href="http://nyobserver.com/20070129/20070129_John_Koblin_finance_commercialbreaks.asp">Go to Commercial Breaks by John Koblin.</a></p>
<p><strong>Bank Branches Disappearing? What Corner You Live On?</strong><br />
"Not long ago, some retail brokers were predicting a sort of cataclysmic bubble-bursting for the city's seemingly never-ending bank-branch boom. At least at street level, these forecasts of a recession in the recent retail-leasing dominance of banks appear quite premature."<br />
<a href="http://nyobserver.com/20070129/20070129_Chris_Shott_finance_counterespionage.asp">Go to Counter Espionage by Chris Shott. </a></p>
<p><strong>Moses Envy: Caro, Columbia Battle Over  The Ghost of Moses</strong><br />
"Sometime last fall, the biographer Robert Caro got a phone call from Roger Hertog, vice chairman of Alliance Capital Management and a rich and powerful New York City history buff. Columbia was planning a big exhibit on Robert Moses, New York's master builder from the mid-20th century, and he wanted to know if Mr. Caro would give a lecture as part of it. It was the first time, Mr. Caro said, that he had heard from anyone connected to the massive three-part exhibit opening next week, 'Robert Moses and the Modern City,' which includes among its backers noted historian Kenneth T. Jackson."<br />
<a href="http://nyobserver.com/20070129/20070129_Matthew_Schuerman_finance_financialpress.asp">Go to story by Matthew Schuerman.</a> </p>
<p><strong>Johnson &amp; Johnson Heiress Libet Sells Last Trump Condo for $18.5M</strong><br />
"After a five-year wait, heiress Libet Johnson has finally sold off the brassiest penthouse in the brassiest tower in town. According to city records, she parted with Penthouse 51-B at Trump International on Central Park West for $18.5 million."<br />
<strong>Andre to Wally: Comfort Can Be Dangerous!</strong><br />
"Wallace Shawn and Deborah Eisenberg, the exceedingly literary local power couple, have bought the duplex penthouse in a West 23rd Street brownstone near 10th Avenue. According to city records, they paid $2,158,530."<br />
<a href="http://nyobserver.com/20070129/20070129_Max_Abelson_finance_manhattantransfers.asp">Go to Manhattan Transfers by Max Abelson.</a></p>
<p><strong>Sky-High Property Taxes Give Renters the Shaft </strong><br />
"Renters, beware! You are about to get shafted--thanks to property taxes. For many years now, rental landlords (and commercial-building owners) have been paying disproportionately more in property taxes; and they often pass these higher taxes on to tenants through higher rents."<br />
<a href="http://nyobserver.com/20070129/20070129_Tom_Acitelli_finance_thelab.asp">Go to The Lab by Tom Acitelli.</a></p>
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