In the interest of remaining profitable yet not entirely dependent on display advertising, Gawker is publishing a series of gift guides aimed at the target audiences of our seven sister sites. Previously: Deadspin Gift Guide; Jezebel Gift Guide; Kotaku Gift Guide.

• Kimora Lee Simmons is looking to unload a decidedly modest home she owns in East Hampton. The 2,300-square-foot home, which Kimora picked up for $690,000 in 2003, is currently listed for $800,000. Don't expect to find any evidence that the Queen of Bling has spent much time there: In addition to the much larger estate she owns nearby, she also has a $20 million mansion in Saddle River, NJ, which has been on the market since 2007. [Real Estalker, PDE]
• Retired tech exec Lawrence Mueller and his wife Mary Kay have dropped the price of their three-bedroom condo at 15 Central Park West five months after first listing it for $16.5 million. The 25th-floor condo, which the couple bought for $5.99 million in late '07, is now priced at $15.5 million. [Curbed, PDE]

• Richard Gere and Carey Lowell have sliced $1.6 million off the asking price of their seven-bedroom farmhouse in Water Mill. Priced at $8.8 million when it first went on the market in February, the 1.2-acre estate is now listed for $7.2 million. The pricecutting isn't restricted to the Hamptons, however. Gere slashed $3 million off the price of his spread at Palazzo Chupi in 2008 before taking it off the market entirely earlier this year. [Newsday, Stribling]
• David Sidwell, who retired as Morgan Stanley's CFO at the end of 2007, has sold his 26th-floor apartment at 25 CPW for $7.65 million. [Cityfile]
• An art world power couple is bidding goodbye to the Upper West Side. Brett Gorvy, co-head of post-war and contemporary art at Christie's and Amy Gold, who is Christie's director of business development, have sold their three-bedroom apartment at 470 West End Avenue for $2.175 million. [Cityfile]

• Guy Metcalfe, co-head of Morgan Stanley's real estate investment banking group, has finally unloaded his second-floor apartment at 15 CPW, which he purchased for $9.35 million in October and re-listed for $16.5 million a mere two weeks later. Metcalfe was forced to drop the price twice before eventually going into contract to sell the apartment in February. Now it's a done deal: The 3,822-square-foot pad has sold for $11 million. [Cityfile]
• Former UBS executive Ramesh Singh is willing to do just about anything to part ways with his duplex at 823 Park Avenue. He just chopped the price for the fourth time since putting it on the market last August, three months after he and wife Farida Khan paid $20 million for the 7,234-square-foot spread. The apartment, which started off at $24.75 million and was dropped to $21.75 million in October, was lowered to $19.95 million in February and then to $16.750 million in March. It's now priced at $14.5 million, or $5.5 million less than the couple paid for it. Ouch indeed. [Cityfile, Corcoran]

After trying and failing to kill us with shoes, dirty bombs, and in-flight hair gels, it looks like the terrorists have finally decided to target us where it hurts most: that's right, our collective guilt over mid-20th century urban renewal! The Daily News reports that today's yucky non-Beaux-Arts Penn Station's a goner:

Borrowing from The Death and Life of Great American Cities by Jane Jacobs, Jason Kottke notes that short blocks are livelier than long. And a heretical thought Manhattan's grid is best where it breaks down.
Short blocks [Jason Kottke]