Apthorp sold for over $425 million, and will stay rental. [NY Times]
Home buyers feeling empowered nowadays. [CNN/Money]
Santiago Calatrava: His work has "emotional resonance." [Fortune]
Housing will not turn around in 2007, builders say. [BusinessWeek]
Former Colonial Club gets a makeover. [NY Times]
666 Fifth Avenue on the sales market. [NY Sun]
Cipriani Club Residences are really neat. [NY Sun]
New Chelsea nightclub looks like a hotel. [NY Sun]
Riverhouse, 101 Warren rise near each other. [NY Post]
Fifth Avenue co-op sells for $24 million. [NY Post]
Tenant association president goes to jail. [NY Post]
Mayor scales back school-building plan. [Daily News]
Floyd Bennett Field sports complex opens in a few weeks. [Daily News]
Beware: Some brokers have hidden agendas in slower market. [WSJ]
Did we miss any New York City real estate news this morning? Please send along tips and links.