In This Week's Observer…

Edgar Bronfman Jr. wants to flip his 1040 Fifth co-op one week after closing on it.

James Houghton, chairman of the board of the Metropolitan Museum of Art, sells his Majestic co-op for $4.9 million.

Boy developer Ben Shaoul talks East Village condos and marriage.

Macklowe Metrics: Is there enough credit for an investment-sales boom in ’08?

Newsweek plans a move from a Midtown tower to Alex Sapir’s 100 Church Street downtown.

JPMorgan Chase moves to exiting five floors at the Rudins’ 345 Park Avenue.

Are self-sustaining parks sustainable? Piers 40 and 57 on the far West Side could provide the answer.

Fashion Week may exit Bryant Park as early as next year.

Florent Morellet pioneered the Meatpacking District. He pioneered it so much, in fact, that its popularity may force him from it.

In This Week's Observer…