Stories in This Week’s Observer…

Martin Scorsese sells his East 62nd Street townhouse to a moneyman for $6.15 million.

Schools Chancellor Joel Klein buys another Park Avenue co-op for $1.7 million. Will he make a duplex?

Manhattan condos trump co-ops in sales. Buyers are either savvy or tired of co-op boards.

Hearst gobbles more of midtown, this time with a $95 million deal in The Sheffield.

Whatever happened to the billion-dollar building sale?

Pat Foye, Spitzer's pick to chair the downstate Empire State Development Corporation, takes a deliberative approach.

Sex, cops and comped 'services'–it's the latest in the ongoing kerfuffle between Scores West and the Law.

Kent Barwick, the outgoing president of the Municipal Art Society, sounds off on preservation

Midtown's about to get its biggest new music club in a decade, Terminal 5.