After a verbal and financial spanking from the Attorney General, developers of The Apthorp plan to withdraw a controversial lawsuit they filed against the Anglo Irish Bank, The Real Deal reports.

As The Observer mentioned last week, The Apthorp filed suit against the bank after they announced plans to sell the building’s $380 million loan. It turns out, however, that The Apthorp had publicly stated last year that the sale wouldn’t affect the building. Read More

Lesson of the day: don’t mess with the Attorney General, he won’t take kindly. Apparently the posh Upper West Side condo The Apthorp is at the receiving end of the AG’s wrath, The Real Deal reports.

The building is in hot water, scalding in fact, after developers reportedly made false statements to the Read More

Despite all the problems plaguing the Apthorp–the shoddy renovations, the rampaging rodents, the horrible Halloweens–who wouldn’t take a top-floor apartment, once asking $2 million, for one-10th that much?

The Post reports that a number of apartments have sold for a fraction of their original asking price, including that 763-square-foot one-bedroom that Read More