In This Week's Observer…

A $46 million sale at 1060 Fifth Avenue sets a New York City co-op record.

The UN Plaza co-op of the late Kay Graham (pictured above with neighbor Truman Capote) sells for $2.3 million.

New York apartment buildings are worth more than ever to developers.

Gary Barnett of Extell Development talks about the other West Side rail yard bids.

SL Green buys 388-390 Greenwich Street for $1.575 billion.

Louis Vuitton buys the building next to its Fifth Avenue flagship. Will it expand?

The developers bidding for the West Side rail yards all have ties to City Hall.

Lola’s in SoHo struggles to dance.

Steve Roth and Giuseppe Cipriani are among New York’s biggest real estate personalities. In This Week's Observer…