In This Week’s Observer…

tales 19 0 In This Weeks Observer...Brokers take solace in the apartment buys of the super-wealthy’s children.

A Majestic co-op asks $12 million.

The late Charles Evans’ 895 Park penthouse gets price-chopped again.

Developer Peter Fine is one of the biggest donors to state Senate Democrats. Why?

Manhattan could soon see a lot of Manhattan condos for under $300K.

Douglas Durst will invest up to $300 million in a new fund to buy distressed properties.

The new commercial real estate lenders are small and picky.

Bright spot! SL Green scores a lease renewal with the CW11 at 220 East 42nd.

DekaBank signs lease in Macklowe’s 1330 Avenue of the Americas.

Wayne Schumer builds the clubs and restaurants you get drunk in.

Hospitality industry expert John Fox has a wake-up call for city hotels.