What 20 Pine Street may say about real estate

Could 20 Pine Street represent the crest of a wave of hype in New York City real estate? Some think so. It’s a 38-story building, after all, in a nondescript part of the city — yet it will soon be the site of several ultra-luxury condos and the sales effort there includes bottles of water with a “20 Pine — The Collection” label. more [WSJ]