In This Week's Observer…

Director Peter Jackson is the likely buyer of a Tribeca penthouse.

After 19 years on and off the market, 603 Park goes to contract.

Brooke Astor’s old butler is on the deed for the Wildenstein mansion sale.

Why Greenpoint and Williamsburg home prices are suddenly so high.

The I.R.S. may stymie Bloomberg’s plans for a big Queens project.

Related tries again to bring a theater to 10th Avenue and 42nd Street.

A biochemist will sell two townhouses and start a charity named after a microbe.

What’s Manhattan’s real office vacancy rate? The shadow knows.

Why changing the city’s cabaret law won’t lead to a dance club boom.

Can Atlantic City ever be cool in the eyes of younger New Yorkers?

A Bowery dinosaur faces extinction.

In This Week's Observer…