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 <title>NY Observer &gt; Roseanne Colletti</title>
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 <title>Wednesday: Lounge Lizards, Roseanne Colletti, and a &#039;Sham&#039; Billionaire?</title>
 <link>http://www.observer.com/node/34925</link>
 <description><![CDATA[<!--paging_filter--><div class="photoCaption" /><img alt="soros.jpg" src="http://therealestate.observer.com/soros.jpg" width="175" height="184" /><br />Too handsome to be a criminal</div />

<ul><li>Real estate investment group Leslie Dick Worldwide is suing Macklowe Properties for $750 million, alleging a "bid-rigging conspiracy" behind the sale of the stately GM Building. According to Dick, the September 2003 auction was "a fraud and a sham"--because its own $1.5b offer was passed over for Macklowe's $1.4, and because George Soros gave Macklowe $350m for its purchase. If Google search hits are any indicator, <a href="http://www.google.com/search?hl=en&hs=FWW&client=firefox-a&rls=org.mozilla:en-US:official&sa=X&oi=spell&resnum=0&ct=result&cd=1&q=%22george+soros%22+OR+%22macklowe+properties%22&spell=1">Soros and Macklowe</a> have a combined 4,820,000-point advantage over <a href="http://www.google.com/search?hs=aVB&hl=en&lr=&client=firefox-a&rls=org.mozilla%3Aen-US%3Aofficial&q=%22Leslie+Dick+Worldwide%22&btnG=Search">Leslie Dick</a>. <a href="http://hosted.ap.org/dynamic/stories/N/NY_GM_BUILDING_BAOL-?SITE=NYNYD&SECTION=MIDEAST&TEMPLATE=DEFAULT"><em>(AP, via NY Daily News)</em></a></li>

<li>Who said <em>The Times</em> was unpatriotic? Frank Bruni celebrates freedom: "from making a reservation a month in advance; from stuffy dress; from stilted etiquette; from a compulsory prix-fixe sequence of amuse-bouche, appetizer, main course." Liberation is found, of course, in the magic lounges of New York's haute eateries (Del Posto, the Modern, Perry St. and more.) <a href="http://www.nytimes.com/2006/07/12/dining/12loungerev.html?pagewanted=1"><em>(New York Times)</em></a></li>

<li>Construction on Richard Meier's 15-story, $1,200-per-square-foot, 119-unit Brooklyn tower reaches the great halfway point. Grand Army Plaza never looked so glassily modern. <a href="http://www.curbed.com/archives/2006/07/11/grand_army_plaza_starting_to_get_that_meier_feeling.php"><em>(Curbed)</em></a></li>

<li>Cool, hard South Korean cash finally pours into the US real estate market. Corcoran senior VP Neal Sroka gushes: the money "is astronomical." <a href="http://www.realestatejournal.com/buysell/markettrends/20060711-park.html"><em>(Wall Street Journal)</em></a></li>

<li>Video of the Day: NBC's Roseanne Colletti takes a very hard look at 1,000 Brooklyn listings, finds that DUMBO has gotten expensive, and suggests Brownsville as a cheap alternative. Somehow Ms. Colletti also found the time this week to uncover the news that <a href="http://www.wnbc.com/video/9493194/index.html">Manhattan is still pricey</a>. <a href="http://www.wnbc.com/video/9499494/index.html"><em>(WNBC)</em></a></li>

<li>Just because a Brooklyn Assemblyperson tried to get a $500,000 home by <a href="http://therealestate.observer.com/2006/07/tuesday-bizarre-emails-bribery-death-another-day-in-ny-real-.html">bribing</a> a developer with city-owned land doesn't mean we all have to toss around cruel phrases like "crime wave." Or does it? <a href="http://www.nysun.com/article/35756"><em>(New York Sun)</em></a></li>

- <em>Max Abelson</em>]]></description>
 <comments>http://www.observer.com/node/34925#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/24352">Brooklyn</category>
 <category domain="http://www.observer.com/taxonomy/term/24472">Google Inc.</category>
 <category domain="http://www.observer.com/taxonomy/term/30361">Macklowe Properties Inc.</category>
 <category domain="http://www.observer.com/taxonomy/term/30605">Roseanne Colletti</category>
 <pubDate>Wed, 12 Jul 2006 05:10:45 -0400</pubDate>
 <dc:creator>Observer Staff</dc:creator>
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