By Roland Li

Former International Monetary Fund chief Dominique Strauss-Kahn has rented 153 Franklin Street, and his move is already attracting controversy. He will pay $50,000 per month for rent, according to reports, but if Manhattan Borough President Scott Stringer has his way, the tab will be higher. Read more...

By Roland Li

Jared Kushner, the real estate scion and publisher of the New York Observer, has sold his 21 Astor Place apartment for $3.91 million, according to city records. Kusher, a principal of Kushner Companies, is no stranger to high-end real estate. His company purchased 666 Fifth Avenue, a trophy office tower, from Tishman Speyer in a blockbuster $1.8 billion deal in 2006. In March, Inditex SA purchased the retail condo in the building for $324 million, a U.S. retail record. A Zara clothing store will occupy the 39,000 s/f space. Read more...