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 <title>The Sit-Down</title>
 <link>http://www.observer.com/blog/53756/%2A/feed</link>
 <description>Recent posts</description>
 <language>en</language>
<item>
 <title>The Son Rises Over The East River</title>
 <link>http://www.observer.com/2008/son-rises-over-east-river</link>
 <description><![CDATA[<!--paging_filter--><p><strong>Location: How long have you been working with your father, David?</strong><br />
<p class="LOCATIONSitdownAnswer">Mr. Walentas: Since ’97.    </p>
<p class="LOCATIONSitdownQuestion"><strong>And before that you were with Donald Trump?</strong></p>
<p class="LOCATIONSitdownAnswer">For a year. <span class='read-more'><a href="http://www.observer.com/2008/son-rises-over-east-river">&nbsp;read&nbsp;more&nbsp;&raquo;</a></span></p>]]></description>
 <comments>http://www.observer.com/2008/son-rises-over-east-river#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/29584">David Walentas</category>
 <category domain="http://www.observer.com/taxonomy/term/31199">Jed Walentas</category>
 <pubDate>Tue, 06 May 2008 16:01:55 -0400</pubDate>
 <dc:creator>Dana Rubinstein</dc:creator>
 <guid isPermaLink="false">68843 at http://www.observer.com</guid>
</item>
<item>
 <title>Joe Chan, Downtown Brooklyn Shopaholic</title>
 <link>http://www.observer.com/2008/joe-chan-downtown-brooklyn-shopaholic</link>
 <description><![CDATA[<!--paging_filter--><p><span><strong>Location: About six months ago you released an Ian McKellen-narrated video of what downtown Brooklyn would look like in five years. Given the current economic turmoil, would you release the same video today?</strong></span><br />
<p class="LOCATIONSitdownAnswer"><span>Mr. Chan: Absolutely.</span>  </p>
<p class="text"><strong><span> </span></strong></p>
<p class="LOCATIONSitdownQuestion"><span><strong>The video cited $9.5 billion in private investment—that included Atlantic Yards?</strong></span></p>
<p class="LOCATIONSitdownAnswer"><span>That <em>includes</em> Atlantic Yards.</span></p>
<p class="text"><strong><span> </span></strong></p>
<p class="LOCATIONSitdownQuestion"><span><strong>So you still think Atlantic Yards will happen?</strong></span></p>
<p class="LOCATIONSitdownAnswer"><span>Yeah, I think it is in the process of happening.</span></p>
<p class="text"><strong><span> </span></strong></p>
<p class="LOCATIONSitdownQuestion"><span><strong>All 16 towers and arena?</strong></span></p>
<p class="LOCATIONSitdownAnswer"><span>The Atlantic Yards was always a project that was conceived as taking a few economic cycles to fully realize itself. </span></p>
<p class="text"><strong><span> </span></strong> <span class='read-more'><a href="http://www.observer.com/2008/joe-chan-downtown-brooklyn-shopaholic">&nbsp;read&nbsp;more&nbsp;&raquo;</a></span></p>]]></description>
 <comments>http://www.observer.com/2008/joe-chan-downtown-brooklyn-shopaholic#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/30489">Joe Chan</category>
 <pubDate>Tue, 29 Apr 2008 16:20:16 -0400</pubDate>
 <dc:creator>Dana Rubinstein</dc:creator>
 <guid isPermaLink="false">68524 at http://www.observer.com</guid>
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 <title>Need $23 Million Fast? Mortgage Queen Melissa Cohn Checks Your Credit</title>
 <link>http://www.observer.com/2008/need-23-million-fast-mortgage-queen-melissa-cohn-checks-your-credit</link>
 <description><![CDATA[<!--paging_filter--><p><span><strong>Location: Last year you did $1,129,126,981 in loans, which makes you the biggest mortgage broker in the country. How is that possible during such a massive economic crisis?</strong></span><br />
<p class="LOCATIONSitdownAnswer"><span>Melissa Cohn: Well, 2007 happened to be probably the biggest year in real estate for New York City, and I was certainly a beneficiary of that. I mean, it was the highest-grossing year for real estate in any year that’s ever been recorded. I certainly have benefited from the increase in the value of real estate in New York City.</span></p>
<p class="text"><span> </span> <span class='read-more'><a href="http://www.observer.com/2008/need-23-million-fast-mortgage-queen-melissa-cohn-checks-your-credit">&nbsp;read&nbsp;more&nbsp;&raquo;</a></span></p>]]></description>
 <comments>http://www.observer.com/2008/need-23-million-fast-mortgage-queen-melissa-cohn-checks-your-credit#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/54398">Melissa Cohn</category>
 <pubDate>Tue, 22 Apr 2008 17:16:58 -0400</pubDate>
 <dc:creator>Max Abelson</dc:creator>
 <guid isPermaLink="false">68230 at http://www.observer.com</guid>
</item>
<item>
 <title>Sal Scognamillo Takes Patsy’s Beyond Midtown</title>
 <link>http://www.observer.com/2008/sal-scognamillo-takes-patsy-s-beyond-midtown</link>
 <description><![CDATA[<!--paging_filter--><p><span><strong>Location: After more than 60 years as a stand-alone midtown Manhattan restaurant, you’re opening a second Patsy’s Italian Restaurant in … Atlantic City?</strong></span><br />
<p class="LOCATIONSitdownAnswer"><span>Mr. Scognamillo: We can’t be more excited, and the partner that we’ve found at the Hilton Casino, they are just as excited as we are. </span></p>
<p class="LOCATIONSitdownAnswer"><span>This was so important to us, because, really, it’s our little baby; I mean, we have our little baby here and we want someone to be taking care of it and nurturing it and treating it the right way.</span><strong></strong> <span class='read-more'><a href="http://www.observer.com/2008/sal-scognamillo-takes-patsy-s-beyond-midtown">&nbsp;read&nbsp;more&nbsp;&raquo;</a></span></p>]]></description>
 <comments>http://www.observer.com/2008/sal-scognamillo-takes-patsy-s-beyond-midtown#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/54302">Patsy&amp;#039;s</category>
 <category domain="http://www.observer.com/taxonomy/term/54301">Sal Scognamillo</category>
 <pubDate>Tue, 15 Apr 2008 17:42:37 -0400</pubDate>
 <dc:creator>Chris Shott</dc:creator>
 <guid isPermaLink="false">67900 at http://www.observer.com</guid>
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<item>
 <title>Damon Hemmerdinger, Selling the Archie Bunker Borough Nationally</title>
 <link>http://www.observer.com/2008/damon-hemmerdinger-selling-archie-bunker-borough-nationally</link>
 <description><![CDATA[<!--paging_filter--><p><strong>Location: Your family has been involved in real estate for decades, owning various commercial, industrial and residential buildings throughout New York City. But a shopping mall? Retail is a new frontier for the Hemmerdinger clan, no?</strong><br />
<p class="LOCATIONSitdownAnswer">Mr. Hemmerdinger: The interest in retail is all me. </p>
<p class="LOCATIONSitdownQuestion"><strong>What’s the allure?</strong> <span class='read-more'><a href="http://www.observer.com/2008/damon-hemmerdinger-selling-archie-bunker-borough-nationally">&nbsp;read&nbsp;more&nbsp;&raquo;</a></span></p>]]></description>
 <comments>http://www.observer.com/2008/damon-hemmerdinger-selling-archie-bunker-borough-nationally#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/53445">Damon Hemmerdinger</category>
 <pubDate>Tue, 08 Apr 2008 16:53:35 -0400</pubDate>
 <dc:creator>Chris Shott</dc:creator>
 <guid isPermaLink="false">67587 at http://www.observer.com</guid>
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<item>
 <title>Tony Avella Talks Tough on Developers: ‘Some of Them Have Greed as Their Motto’</title>
 <link>http://www.observer.com/2008/tony-avella-talks-tough-developers-some-them-have-greed-their-motto</link>
 <description><![CDATA[<!--paging_filter--><p><strong>Location: In your bid for mayor, as of January, you’d raised $180,000 compared with more than $4 million by one of your potential opponents.</strong><br />
<p class="text">Mr. Avella: I consider that a virtue. </p>
<p class="LOCATIONSitdownQuestion"><strong>People use the term ‘long shot.’</strong></p>
<p class="text"><span>I agree. Absolutely. I’m bucking the system; I have been since 2002. I’m the independent voice. … The real estate industry, which is the biggest contributor giving to people for higher office, they aren’t giving to me.</span> </p>
<p class="LOCATIONSitdownQuestion"><strong>How many hours a week do you work?</strong>  <span class='read-more'><a href="http://www.observer.com/2008/tony-avella-talks-tough-developers-some-them-have-greed-their-motto">&nbsp;read&nbsp;more&nbsp;&raquo;</a></span></p>]]></description>
 <comments>http://www.observer.com/2008/tony-avella-talks-tough-developers-some-them-have-greed-their-motto#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/25824">Tony Avella</category>
 <pubDate>Tue, 01 Apr 2008 15:40:07 -0400</pubDate>
 <dc:creator>Eliot Brown</dc:creator>
 <guid isPermaLink="false">67251 at http://www.observer.com</guid>
</item>
<item>
 <title>Morrison Heckscher, On the Park</title>
 <link>http://www.observer.com/2008/morrison-heckscher-park</link>
 <description><![CDATA[<!--paging_filter--><p><strong>Location: Your new book, Creating Central Park, asserts that the park was a testament to democracy, lowercase ‘d.’ But it wasn’t born of it. Can you explain the vote for the park and the general push for the park?</strong><br />
<p class="LOCATIONSitdownAnswer">Mr. Heckscher: I would like to start by saying that the whole issue of the park has to do with open space in Manhattan. Central Park is, shall we say, the conclusion of 50 years of political machinations of how to provide, for the city and Manhattan, open space mostly for health reasons—for air and space for the health of the public, and recreation.</p>
<p class="LOCATIONSitdownQuestion"><strong>Why hadn’t it been done beforehand?</strong> <span class='read-more'><a href="http://www.observer.com/2008/morrison-heckscher-park">&nbsp;read&nbsp;more&nbsp;&raquo;</a></span></p>]]></description>
 <comments>http://www.observer.com/2008/morrison-heckscher-park#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/53949">Morrison Heckscher</category>
 <category domain="http://www.observer.com/taxonomy/term/30897">The Metropolitan Museum of Art</category>
 <pubDate>Tue, 25 Mar 2008 16:06:04 -0400</pubDate>
 <dc:creator>Tom Acitelli</dc:creator>
 <guid isPermaLink="false">66931 at http://www.observer.com</guid>
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<item>
 <title>Robert Toll: ‘Everywhere You Don’t See High-Rises, There Are Places to Build’</title>
 <link>http://www.observer.com/2008/robert-toll-everywhere-you-don-t-see-high-rises-there-are-places-build</link>
 <description><![CDATA[<!--paging_filter--><p><strong>Location: We’re probably in a recession, and a big culprit is the housing market—prices were much too high, and now they’re really sinking. As the nation’s largest luxury home builder, do you feel guilty?</strong><br />
<p class="LOCATIONSitdownAnswer"><span>Mr. Toll: I feel guilty for not being more cautious and recognizing that we had to be on thin ice because things had been so good for so long. [But], by 2000, we should have entered the next down cycle, on an ordinary basis. But we didn’t. And if I had become cautious then, my company would have missed the great ride that it took in ’05 and ’06. In ’05 we made $800 million plus—net, net, net!</span> <span class='read-more'><a href="http://www.observer.com/2008/robert-toll-everywhere-you-don-t-see-high-rises-there-are-places-build">&nbsp;read&nbsp;more&nbsp;&raquo;</a></span></p>]]></description>
 <comments>http://www.observer.com/2008/robert-toll-everywhere-you-don-t-see-high-rises-there-are-places-build#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/53835">robert toll</category>
 <pubDate>Tue, 18 Mar 2008 14:48:14 -0400</pubDate>
 <dc:creator>Max Abelson</dc:creator>
 <guid isPermaLink="false">66632 at http://www.observer.com</guid>
</item>
<item>
 <title>$70 M. Duo: Brenda Powers and Elizabeth Lee Sample</title>
 <link>http://www.observer.com/2008/70-m-duo-brenda-powers-and-elizabeth-lee-sample</link>
 <description><![CDATA[<!--paging_filter--><p><strong>Location: You represented a London-based oilman when he bought two penthouses at the Plaza, a triplex and duplex that will close next month. The Times reported that the price is $56 million, but I’ve heard it’s $53.5 million.</strong><br />
<p class="LOCATIONSitdownAnswer">Ms. Sample: That’s correct. There probably will be some additional purchases that go along with that … for staff. <span class='read-more'><a href="http://www.observer.com/2008/70-m-duo-brenda-powers-and-elizabeth-lee-sample">&nbsp;read&nbsp;more&nbsp;&raquo;</a></span></p>]]></description>
 <comments>http://www.observer.com/2008/70-m-duo-brenda-powers-and-elizabeth-lee-sample#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/53715">Brenda Powers</category>
 <category domain="http://www.observer.com/taxonomy/term/32339">Brown Harris</category>
 <category domain="http://www.observer.com/taxonomy/term/53716">Elizabeth Lee Sample</category>
 <pubDate>Tue, 11 Mar 2008 17:14:49 -0400</pubDate>
 <dc:creator>Max Abelson</dc:creator>
 <guid isPermaLink="false">66306 at http://www.observer.com</guid>
</item>
<item>
 <title>Durst Indomitable</title>
 <link>http://www.observer.com/2008/durst-indomitable</link>
 <description><![CDATA[<!--paging_filter--><p><strong>Location: You’re now one of four teams left vying for the West Side rail yards, down from five. How do you feel about your chances?</strong><br />
<p class="LOCATIONSitdownAnswer">Mr. Durst: I think we have a 25 percent chance. … We think we have the best bid in terms of planning and the financial terms for the M.T.A. [the yards’ owner]. </p>
<p class="LOCATIONSitdownQuestion"><strong>How long of a build-out would there be on the site?</strong>  <span class='read-more'><a href="http://www.observer.com/2008/durst-indomitable">&nbsp;read&nbsp;more&nbsp;&raquo;</a></span></p>]]></description>
 <comments>http://www.observer.com/2008/durst-indomitable#comments</comments>
 <category domain="http://www.observer.com/taxonomy/term/52995">Green</category>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/29972">Douglas Durst</category>
 <pubDate>Tue, 04 Mar 2008 15:25:11 -0500</pubDate>
 <dc:creator>Eliot Brown</dc:creator>
 <guid isPermaLink="false">65950 at http://www.observer.com</guid>
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