In This Week's Observer…

Edgar Bronfman Jr. getting below asking for his 1040 Fifth apartment.

Singer-songwriter Regina Spektor buys in Murray Hill for $1.1 million.

Where Brooklyn gets its New Yorkers–and a reason why.

Major changes loom for city’s biggest commercial development incentive.

The new benchmark for top office rents? At least $200 a foot.

Jack Guttman becomes the art-storage king of New York.

Robert Knakal talks about the ups and continuing downs of investment sales.

How the anti-gentrification crowd got it wrong on Bowery Wine Company.

Greg O’Connell, Red Hook’s biggest landlord, talks Ikea. In This Week's Observer…