In This Week's Observer…

Billionaire babies keep buying up Manhattan--the latest drops $16.5 million on East 91st.

Self-storage developer Andrew Gordon asks $61 million for townhouse and castle.

Xerox's CEO, an Obama transition adviser, sells her condo to Novartis boss.

The Ciprianis push for landmarking the Rainbow Room. Will the Speyers push back?

Rohit Aggarwala runs Bloomberg's PlaNYC, in good times and in tough ones.

Party's over! Manhattan's higher-end rental market grapples with the financial crisis.

Commercial brokers find themselves as ersatz Dr. Phils. To the couch!

Manhattan about to exit fourth quarter with only two sizable building trades.

Starbucks plans city expansion.

Belgian flower sensation opening a floral school and shop in Dumbo.

A law firm joins the rush of new distressed assets groups.

Mark Thomas Adamei, owner of Delicatessen, talks about the faux deli's bad rap.

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