In This Week’s Observer…

Beyonce’s producer buys his first New York apartment for $3.6 million.

An Internet millionaire turned bus enthusiast sells an $8.7 million penthouse to a Rutgers professor.

Sales prices and rents went up in ’07–weren’t they supposed to drop?

Larry Silverstein signs away the 37th floor of 7 World Trade Center.

Liz Claiborne mulls a move to Hudson Square.

Moynihan Station’s developers lobby the Department of Homeland Security for funding.

Lee Bollinger (above) inches toward his dream of a Columbia expansion into Harlem.

Gregory Peck talks about the planned Cooper Square Hotel–and his name.

Pervez Musharraf holds the future of the Roosevelt Hotel in his shaky hands.