A rendering of 432 Park Avenue (Credit: dbox)

Two residential towers will soon rise above the Empire State Building (not counting the spire), as the modern-day skyscraper war locks in on condos, the New York Times reported.

Like the Depression-era battle between the Empire State and Chrysler buildings for supremacy, today’s developers are so eager to leave their mark on the city that they refused to let the recent economic crash stop them from constructing 1,000-foot towers. [more]

A rendering of 432 Park Avenue (image via dbox for CIM Group & Macklowe Properties)

The top penthouse at Harry Macklowe’s 432 Park Avenue is in contract for $95 million, the New York Times reported. [more]

510 Madison Avenue (center)

Investment firm LH Financial inked a 6,553-square-foot, 10-year lease at the Boston Properties-owned office building at 510 Madison Avenue, the New York Observer reported. [more]

Kent Swig and 740 Park Avenue

The estranged wife of real estate developer Kent Swig is accusing him of “wanton dishonesty” and suing him for punitive damages in their divorce case, alleging that his financial travails put her $26 million 740 Park Avenue digs at risk, the New York Daily News reported.

Elizabeth Swig – who is the daughter of real estate mogul Harry Macklowe — said her husband convinced her that they should take out a $12.5 million loan on the apartment that would be used to pay off an earlier $5 million loan and give them liquidity to “tide them over through the bad market,” according to Manhattan Supreme Court papers seen by the Daily News.  [more]

A rendering of 432 Park Avenue (Credit: dbox)

From the May issue: The finishing touches are being placed on Extell Development’s 1,005-foot One57 on West 57th Street. But like the Chrysler Building — which was the world’s tallest building in 1930, but held that title for a mere 11 months before the Empire State Building came along — One57 will soon be replaced as the city’s (and hemisphere’s) tallest residential tower by 432 Park Avenue. [more]

An interior shot of 737 Park Avenue

Macklowe Properties’ 737 Park Avenue condominium conversion officially launched sales today, with the opening of two model units, according to BuzzBuzzHome. [more]

From left: 432 Park Avenue in Minecraft and a rendering of the building (rendering credit: ©dbox for CIM Group & Macklowe Properties)

It’s not often that the worlds of video gaming and real estate collide, but when they do, especially on a high-profile project such as 432 Park Avenue, the results are worth the wait. A Youtube timelapse video first spotted by Curbed shows the residential skyscraper – which will be New York City’s tallest — being constructed in Minecraft, a game set in a three dimensional world that is extremely popular among geeks. See the video after the jump.

From left: Carol Cohen, Harry Macklowe and 737 Park Avenue

Developer Harry Macklowe is picking up the fight against Carol Cohen, a broker at Brown Harris Stevens, over her rent-stabilized apartment at 737 Park Avenue. Macklowe, who is converting the Upper East Side rental tower to luxury condominiums, has filed a lawsuit demanding state regulators review Cohen’s tax filings to ensure she qualifies for the regulated unit. [more]

Harry Macklowe in a video for “Old Jews Telling Jokes”

We know this has been out there for a while — you may even have seen it on stage. But on this Friday evening, with a whiff of spring in the air, we thought everyone could use a laugh. Here is Harry Macklowe, the chief of Macklowe Properties and developer of the luxury condominium tower 432 Park Avenue, performing his best punchline in “Old Jews Telling Jokes.” Yup, it’s pretty much exactly like it sounds. See the video after the jump.

Harry Macklowe and 432 Park Avenue

When Harry Macklowe completes Manhattan’s tallest residential tower at 432 Park, the building’s 126 units will have a total asking price of $2.7 billion, the highest amount ever sought by a New York condominium, according to the Wall Street Journal. [more]