Real Estate Market Desperately Seeking Bonus Babies

Speaking of Real Estate...New York real estate brokers who have been wringing their hands about a declining real estate market holding their breath hoping for Wall Street bonuses to lead the housing market out of the slows should be encouraged by Loeb's flashy new purchase. We hear that the broker on the piano factory, for example, is also waiting for a banker--or a rapper. "Whoever steps up to this deal must be a party freak," said one person involved in the sale of the phat pad. "The space is made for jams." Another selling point: As an anonymous female broker said, "If you can't get laid in this apartment....."

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