In This Week's [em]Observer[/em]…

Dynasty: The Picket Family “David Picket, 44, might not have hit the jackpot. But he can at least feel accomplished

Dynasty: The Picket Family
“David Picket, 44, might not have hit the jackpot. But he can at least feel accomplished about reaching that against-all-odds fourth-generation mark. Like his father, grandfather, and great-grandfather, Mr. Picket is now a boss of the reputable family construction business, which dates back to 1913. ‘The fact that one generation made it, and now four have made it, is pretty phenomenal,’ he said.”
Go to story by Chris Shott

Dynasty: The Speyer and the Tishman Families
“The Speyer family does everything fabulously, and the only reason you don’t hear more about them is that they are fabulously modest. (They are also fabulously rich.) This year, the Speyers broke two U.S. real estate records: their $5.4 billion purchase of Stuyvesant Town and Peter Cooper Village, the most expensive property purchase ever, and their $1.8 billion sale of 666 Fifth Avenue, the highest price ever for a single asset.”
Go to story by Matthew Schuerman

Dynasty: The Trump Family
“It’s with a certain contempt that Manhattan’s developer class admits that among its most prominent family names-Rudin, Rose, Stern, Tisch, Durst-only one is a household word today: Trump. Of course, Donald Trump’s real-estate empire is full of the kinds of dramatic reversals of fortune that have always attracted ink in this town. And then, no matter how many deals the other guys make, there’s a certain television show.”
Go to story by Tom Acitelli and John Koblin

Dynasty: The Zeckendorf Family
“It all started with William Zeckendorf Sr., the real estate mogul’s real estate mogul whose greatest fault lay in being years ahead of his time. He assembled the parcel on which the United Nations rose in 1947 as well as built the Roosevelt Field shopping center on Long Island, the Century City complex in Los Angeles, and several urban renewal projects in Washington, D.C., and Philadelphia. Then he went broke. His son, William Jr., vowed to take fewer risks, and he did, for a while, but then he too fell upon difficult times.”
Go to story by Matthew Schuerman

Dynasty: The Walentas Family
“Back in 1979, developer David Walentas was hanging around one of his earliest buildings-the Silk Building, which he’d just converted into condominium lofts. ‘I was talking to one of the kids, one of the flaky kids,’ Mr. Walentas said–meaning the hipsters that hung around Silk before Britney Spears and Keith Richards showed up decades later. ‘And I said, ‘Soho? Noho? What’s next?” And some kid said, ‘DUMBO.’ And I said, ‘What the fuck is DUMBO?””
Go to story by Max Abelson

Dynasty: The Warburg Peters Family
“Upper East Side real-estate brokers like to speculate about the future of Frederick Warburg Peters. His exclusive and independent little brokerage, the storyline goes, may be fated for what so many exclusive firms have embraced: a buyout from a national real-estate conglomerate like Reology.”
Go to story by Max Abelson

Class B Building Near Columbus Circle Goes for $126 Million
“A historic 15-story converted office building south of Columbus Circle is selling for at least $126 million. The building, known as Rodin Studios, is located at 200 West 57th Street at the corner of Seventh Avenue, and is in contract to the Feil Organization, the company CEO Jeffrey Feil confirmed Monday.”
Go to Commercial Breaks by John Koblin

Mets All-Star Claims Gramercy Apartment for $6.5 Million
“The New York Mets’ All-Star third baseman David Wright caught a contract for a $6.5 million apartment in the Infinity Lofts at 24 East 21st Street. And hot-shot trial lawyer Marc Bern bought from music producer Mark Ross, the son of the late Time Warner CEO, an $8.75 million apartment at 944 Park Avenue.”
Go to Manhattan Transfers by Max Abelson

Wolfe Wrong About Landmarks Commission
“On the sleepy last Sunday in November, Tom Wolfe flipped a middle finger at the city’s Landmarks Preservation Commission. The writer, still angry about the commission’s decision last year not to landmark 2 Columbus Circle, essentially called the commission pawns of the developer class in the city’s booming real-estate market. Going by the numbers, Mr. Wolfe and his sympathizers seem to have it all wrong.”
Go to The Lab by Tom Acitelli In This Week's [em]Observer[/em]…