In This Week’s Observer…

Beyonce’s producer buys his first New York apartment for $3.6 million.

An Internet millionaire turned bus enthusiast sells an $8.7 million penthouse to a Rutgers professor.

Sales prices and rents went up in ’07–weren’t they supposed to drop?

Larry Silverstein signs away the 37th floor of 7 World Trade Center.

Liz Claiborne mulls a move to Hudson Square.

Moynihan Station’s developers lobby the Department of Homeland Security for funding.

Lee Bollinger (above) inches toward his dream of a Columbia expansion into Harlem.

Gregory Peck talks about the planned Cooper Square Hotel–and his name.

Pervez Musharraf holds the future of the Roosevelt Hotel in his shaky hands. In This Week’s Observer…