On the Market: 5 Times Square for Sale; Priciest Time Warner Penthouse; Madison Avenue Malaise


AVR Realty is putting 5 Times Square back on the market. [Journal]

SEE ALSO: Blackstone Lends $540M in Deerfield’s Acquisition of 345 PAS

Malaysian party boy buys most expensive penthouse at the Time Warner Center. [NY Post]

Homes in Southampton are seeing a price surge. [The Real Deal]

We’ve been hearing this all decade: lower Manhattan is becoming a more vibrant area. [Crain’s]

Rent hikes are forcing some out of Manhattan and into cheaper areas. [NY Times]

Corcoran takes over sales and marketing at Brooklyn property the Toren. [The Real Deal]

A Q&A with the man who has a hand in developing the World Trade Center site. [Crain’s]

Soho and the meatpacking district are outpacing Madison Avenue as the destination for fashion. [Crain’s]

Prewar buildings are loading up on amenities, including fitness and recreation rooms. [NY Times]