In This Week’s Observer…

Mayor Michael Bloomberg buys a mansion at 1014 Madison for about $40 million.

Nancy Grace, the loudmouth legal eagle, buys another East Side condo for just under $1 million.

Manhattan will have 10,000 apartment sales in 2007, the first time that's happened in a long time.

Construction on the Atlantic Yards project has come in fits and starts. What gives?

Louise Sunshine used to market luxury housing. Now, she builds it.

Hell's Kitchen's Le Madeleine is looking for a new home. Blame the lawyers and the landlord.

Janet Freeman is either a guardian of old-school SoHo–or a paranoid person with a great deal on rent.

Google has big plans for its new space in Chelsea.

Harry Macklowe gets some good news with a 20,000-square-foot lease at 1330 Avenue of the Americas.

In This Week’s Observer…