75 Wall's Troubles Continue to Mount

cityfile · 03/17/09 12:40PM

There's been a flurry of activity at 75 Wall Street lately. But not the good kind! Over the past few months, condo buyers have been filing suit to extricate themselves from contracts they signed during the boom times, demanding that developers return the down payments they put down when the apartments were worth 30 or 40 percent more than they're worth today. One of the buildings particularly under siege right now: 75 Wall, the David Rockwell-designed condo conversion that has adopted some of the most desperate tactics to drum up buyers in recent weeks. The building's developer, the Hakimian Organization, is now facing three separate suits from people now seeking an out, all filed by the New Jersey law firm of Wilentz, Goldman & Spitzer. Whether any of them end up getting their money back remains to be seen. In the meantime, you can look over the suits for yourself after the jump.

Pierre Hotel Gives Denial a Try

cityfile · 03/17/09 12:08PM

If we're in the middle of a deep recession, no one has bothered to mention it to the management of The Pierre. The iconic hotel is reopening on June 1 after a lengthy renovation but it has no plans to adjust its prices for the downturn in the economy: A "classic room" will run $816 a night and suites are available for $1,640. Hurry up! These prices are only available if you book now; the hotel says it plans to raise them just as soon as the hotel opens. The very generous introductory special doesn't explain why the reservations line is currently picking up on the first ring, but, hey, it could have just been rare moment of downtime.

The Trust Wristband: A Must for Any State or Federal Regulator

cityfile · 03/17/09 11:43AM

Here's an accessory that Andrew Cuomo should really consider keeping around the office so he's prepared the next time he grills another Wall Street CEO: the Truth Wristband Kit that was just released by Make magazine. How does it work? "The wearable device dynamically reflects your psycho-emotional response to the world, promoting internal states to be externalized and made into interactive forms of expression. Measuring the galvanic skin response (a marker of emotional arousal commonly used in lie detector tests), this device's lights turn from blue to red as the wearer becomes aroused." In other words, Bank of America CEO Ken Lewis and the boys at AIG don't stand a chance. [Make]

The Tuesday Party Report

cityfile · 03/17/09 11:31AM

Yves Saint Laurent sponsored the Metropolitan Opera's 125th Anniversary Gala at Lincoln Center on Sunday night. YSL creative director Stefano Pilati was on hand to welcome the likes of Brooke Shields (left), Claire Danes, Claudia Schiffer, Kanye West and Amber Rose, Parker Posey, Kim Heirston, Mia and Patrick Demarchelier, Diane Kruger and Joshua Jackson, Richard Meier, Jeremy Irons, Willem Dafoe, Ingrid Sischy, Emily Mortimer and Alessandro Nivola, Sally Singer, Woody Allen, Stefano Tonchi, James Levine, Renée Fleming, Peter Martins, Julianna Margulies and Keith Lieberthal, Zoe Saldana, Daphne Guinness, Julie Macklowe, Plácido and Marta Domingo, Ginnifer Goodwin, Becki Newton, Patricia Clarkson, Austin Scarlett, and Met mega-donor Mercedes Bass. [PMc, Wireimage, Style.com, VF, FWD]

OK! Magazine Murders Jade Goody

Hamilton Nolan · 03/17/09 11:03AM

British former reality TV star and current terminal cancer patient Jade Goody is a national obsession. She will die soon. But not soon enough for OK! magazine.

Gossip Girl: The Age of Indolence

Richard Lawson · 03/17/09 10:55AM

Sweet merciful crap it's back. Ye TV Gods finally bestowed another installment of Gossip Girl upon us, having kept us wanting for nigh on a month. So was this long-awaited episode good??? Nah.

Cuomo Releases AIG Bonus Info

cityfile · 03/17/09 10:42AM

Andrew Cuomo has some fresh detail on where all those AIG bonuses were directed: The attorney general says 73 employees of the company received more than $1 million and one lucky AIGer took home a $6.4 million bonus. Sadly, he didn't list the recipients by name, so you won't be able to go over to their homes and ask for your money back. Not yet, at least. [NYT/Dealbook]