A reader who works across the street from Grand Central wrote in saying "I just went downstairs and saw cops, fire, ConEd, and people said a transformer blew up in the station." It appears Grand Central is fine, however the Met Life Building is on fire! From BNN:FIRE ON THE 10TH FLOOR OF A METLIFE BLDG.| FIRE ON 10TH FLR TRANSORMER VOLT ROOM OF A 59 STY BRICK BLDG WIRES BURNING ON THE ROOF......

Yesterday, it was announced Tishman-Speyer, the real estate firm that bought Stuyvesant Town for $5.4 billion, along with Lehman Brothers would buy real estate investment trust Archstone Smith in a $22.2 billion deal; the Observer calls it the "largest public-to-private acquisition ever among apartment REIT’s." Archstone Smith has over over 85,000 rentals nationally and almost 3,800 in NYC, which would given Tishman-Speyer over 15,000 apartments for its portfolio. According to Crain's, there's been more interest......

March 22: World Water Day As we've mentioned before, today is World Water Day. Over 290 local restaurants are participating in the Tap Project -- just fork up $1 for the tap water that's usually gratis and UNICEF will donate that money to help provide clean drinking water to children around the world. March 24: Spring Cooking Class Join Executive Chef Franck Deletrain from Café Centro to learn how to prepare a menu focusing on......

Gridskipper solicited picks for the city's ugliest buildings from eleven architecture-minded New Yorkers. The list includes Astor Place’s The Sculpture for Living building (which replaced a parking lot), the Queens Citicorp Building, the Pan Am Building (now the MetLife Building), the AT&T Building on Church St., the Cross Bronx Expressway and anything by Trump – but the Trump World Tower isn't really that ugly. Someone even mentioned the Hearst Tower. Wow. Gothamist thinks these structures......

January 13: Seasonal Game Cooking Class Chef Franck Delatrain of Café Centro will be cooking up seasonal game in a two hour cooking class. The menu consists of: Chestnut and Celery Root Soup with Melted Leeks and Foie Gras; Sturgeon Saltimbocca with Sage, Smoked Duck and Beluga Lentils; Fresh Pappardelle Pasta with Wild Boar Civet, Apple Smoked Bacon and Black Trumpet Mushrooms; Grilled Quail with Golden Beets and Frisee Salad, Poached Quail Egg and Spiced......

Six years can bring more than a 300% return (or clear 200% of your initial investment in pure profit)! The NY Times reports that Tishman-Speyer sold 666 Fifth Avenue to the Kushner family for $1.8 billion. And reporter Charles Bagli points out Tishman-Speyer bought the property for $518 million. Many people that this will be the most expensive single building in the city, breaking Tishman-Speyer's then-record $1.72 billion purchase of the MetLife Building. Factoids:......