It appears that Bank of America is taking its substantial third-quarter losses to heart. Yesterday, before the bank revealed its quarterly earnings — a $1 billion loss before accounting for dividends to preferred shareholders — the bank announced that CEO Ken Lewis, who will step down at the year’s close, would forego his 2009 paycheck. Today, the New York Observer revealed that the bank has also sold its luxe corporate apartment at the Time Warner Center for $7.2 million. The company bought the 57th floor condo for $6.35 million in 2006, and it was there that the infamous Bank of America-Merrill Lynch merger was reportedly first discussed. City records show the buyer as Tata Real Property, though it was not clear whether the apartment had ever been listed on the market. [NYO] and [NYT]
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TWEETS
- This week, @DouglasElliman dominates @trdny's "Top Residential Agents" list, scoring three of the top five spots. http://t.co/WuwFfoQI 10:26:54 PM May 25, 2012
- Here's some #NYC residential sales data before you head off to the #Hamptons via @trdny http://t.co/41pt08N4 08:54:27 PM May 25, 2012
- Marcia Gay Harden gets $2.8M for #Harlem townhouse listed by@cathytaub of @StriblingNYC http://t.co/pR718yY4 via @trdny 08:47:36 PM May 25, 2012
- Boymelgreen, Africa Israel settle with @AGSchneiderman over 20 Pine St. construction, but face new $20M suit http://t.co/wYyqrfBP via @trdny 08:16:42 PM May 25, 2012

