Douglas Harmon managing director of Eastdil Realty orchestrated the sale for the sellers--the Dermot Co. and the AFL-CIO. While Harmon would not comment on the Hudson Crossing transaction, he did note "that the sizzling Manhattan residential market shows no signs of abeyance."

Harmon's earlier 2004 sale of the $125.5-million Sonoma for theRelated Cos. to Archstone-Smith set a new price per apartment and price per sf sales record. Harmon states that "it was actually the wake from the Sonoma sale that awoke other long term, non-traditional residential rental owners to contemplate taking some chips off the table."

Worldwide Holdings' 71 Broadway and 88 Greenwich are Harmon's next luxury rental assignment--with an estimated total value of $300 million. Harmon says he expects the same breath and depth of capital to chase down these two assets as did Hudson Crossing.