In This Week’s Observer*…

What to expect in New York’s residential and commercial real estate markets in 2009.

A fresh big sale in a big Fifth Avenue co-op, this one at 936.

The days of $100-a-foot office rents in newer leases are so over. Why that’s worrisome.

Will we soon see decent Manhattan apartments for $1,000 a month?

New Yorkers confront their nasty real estate habit.

The Jane saga–Graydon Carter, the Waverly, Hugh Jackman–it’s got everything!

* This week’s edition is online only! We return in print on Jan. 7. (The Real Estate blog returns full force on Tuesday, Dec. 30.)