The Afternoon Wrap: Thursday

March 1, 2007
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  • According to a tipster, America's most Scientological couple, Katie Holmes and Tom Cruise, has bought a Dakota apartment for around $20 million. It's a classy co-op, though not as hip as Mr. Cruise's former downtown digs. [Gawker]
  • "Pricy penthouse" stories are the best kind of real estate porn. Sexy "high-end penthouse apartments are in demand" (though apparently the Dakota's top-tier co-ops aren't that grand). Sadly, Forbes' list omits the New Museum penthouse, which has a new 80s pop star owner.[Forbes]
  • Wall Street's woes won't burst our real estate bubble, despite the Dow's 416-point plunge. In fact, the housing market is a relatively safe bet for jittery investors--especially when TomKat is moving to town. [Real Deal]
  • The NYC Department of Cultural Affairs HQ at 31 Chambers Street got a new high-tech makeover. But the "ornamental plaster, marble wainscot [and] fireplaces are still there", lucky for the wainscot-loving paper-pushers. [Interior Design] - Max Abelson
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