Fifth Ave Flood

Divorce is always hardest on the beach house. After almost 22 years, Kathleen Turner and Jay Weiss are splitting up and their Amagansett home is on the market for $7.95 million, according to the New York Post. Also, Gwyneth Paltrow and Chris Martin are staying in the city after all, reportedly signing a contract for a $7 million Tribeca pad.

A flood in Mort Zuckerman’s penthouse triplex at 950 Fifth Avenue has forced him to take shelter at the New York Palace hotel, according to New York magazine. And Coney Island could soon look a lot more like Vegas.

After four years, a battle still wages in Soho over a disputed commission, according to the New York Times.

And Daniel Akst wants to break out the Champagne and toast the end of the housing bubble.

-Michael Calderone