Pam Liebman, CEO of the Corcoran Group, author Michael Gross and Wendy Sarasohn, senior vice president at Corcoran and hostess of the party (credit: Richard Lewin)

Yesterday evening a senior vice president at the Corcoran Group, Wendy Sarasohn, hosted an intimate yet lavish book party at her Park Avenue apartment for author Michael Gross. His new book, “Unreal Estate: Money, Ambition, and the Lust for Land in Los Angeles,” chronicles the lives of those buying in the Platinum Triangle — Beverly Hills, Bel Air and Holmby Hills — through their real estate.  [more]

Fashion icon Karl Lagerfeld is planning to sell off the 50 Gramercy Park North co-op he once hoped to retire in for more than $1 million below the price he paid for it five years ago. According to the Post, the Chanel and Fendi designer, a pal of building developer Ian Schrager from their Studio 54 days, paid $6.575 million for the three-bedroom, three-and-a-half-bathroom apartment in 2006 but never moved in. He has now enlisted the Corcoran Group’s Wendy Sarasohn to help sell the sixth-floor abode for $5.5 million. Comments

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On a recent episode of the “Open House NYC” TV series, brokers estimated what a one-bedroom prewar loft near Madison Square Park is worth. The seller bought the home last year for $1.3 million, and is hoping to sell for close to that price. Wendy Sarasohn, a broker with the Corcoran Group, priced the home at $1.15 million and Brian Lewis of Halstead Property said he would list it for $995,000. Barbara Corcoran, founder of the Corcoran Group, said the apartment is competing with a two-bedroom home two floors higher in the same building, which is priced at $950,000. Corcoran suggested pricing the home at $850,000 to attract more buyers.

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