Jonathan Leitersdorf

Look, you can see Britney Spears’ former penthouse,” said real-estate agent Adam Modlin,  read more »

• Billionaire Ron Burkle is preparing to spend "up to $50 million" on a new Manhattan residence. And Jonathan Leitersdorf's Broadway penthouse (and Sex and the City party pad) is finally taking a breather from the luxury market.(New York Post)
• David Geffen may be selling off millions of dollars in art (not to mention Dreamworks), but he still closed on the duplex penthouse at 810 Fifth Avenue. Also, The Observer reported last month that French billionaire Francois Pinault sold his duplex at 515 Park Avenue. According to William Neuman, the mogul is having a problem with Ian Schrager over at 50 Gramercy. (New York Times)

- Michael Calderone

Housing boom or not, Manhattan is still just and island. Today's luxury brokers lack the sprawl of Florida or Southern California, where new McMansions extend for miles. So the Corcoran Group has a new solution for wealthy buyers in need space: buy a yacht.

They are the first New York City brokerage company to dive headfirst into the boating trade, teaming up with Monte Carlo-based Edmiston and Company.

"Corcoran has a wide-ranging, high-end clientele," said broker Wendy Maitland. "We both thought it would be mutually beneficial."

Before today, Ms. Maitland had only two yacht listings on the Corcoran site, including one $35 million vessel belonging to Israeli investor Jonathan Leitersdorf (it's called the Tiara). Incidentally, for all your landlubbers, Ms. Maitland still has the listing for Mr. Leitersdorf's $20 million Greenwich Village loft (which made a notable cameo on Sex and the City).  read more »

Corcoran has the co-exclusive listing on about thirty yachts, ranging in price from approximately $800,000 to $60,000,000.

- Michael Calderone

The most expensive loft apartment in Manhattan history is close to trading hands.  read more »