Trump Group Selling West Side Parcel for $1.8 Billion - New York Times
A consortium of Hong Kong investors and Donald J. Trump are selling a stretch of riverfront land and three buildings on the Upper West Side for about $1.8 billion in the largest residential sale in city history and in the latest example of a rocketing housing market...The deal comes as the average condominium price in Manhattan has soared to more than $1.2 million and as developable land has become increasingly rare, even as some economists worry that a housing bubble will soon burst.