The Kaufman Organization has been tapped as the building manager for 130 Prince Street, a Soho property it previously owned before it sold it to Waterman Interests and J.P. Morgan Asset Management for $112 million in 2007.

Invesco Real Estate, the Dallas-based firm that purchased 130 Prince Street in May for $140.5 million, hired the Kaufman Organization based on its success transforming 100-104 Fifth Avenue into an office hotspot for tech giants like Yelp and Apple’s iAd division.

“I am basically here to... operate the property for them,” said Grant Greenspan, a principal at The Kaufman Organization. The Real Deal broke the news of The Kaufman Organization's hiring.

130 Prince Street currently has one vacancy that offers 3,550 square feet of contiguous space on the ground and basement floors of the property, “They [Invesco] are going to give [the assignment] to a retail broker to rent,” said Mr. Greenspan. No brokerage firm has been named for the leasing assignment yet, he added.

When Waterman Interests sold 130 Prince to Invesco in June, company principal Tod Waterman said that the company had a “very defined business plan for the asset.”

“We executed on that and we significantly moved the cash flow in the building to a level at which we thought we had created that significant value and it was time to realize that for ourselves and our investors,” Mr. Waterman added.

Daniel Edward Rosen is reachable at drosen@observer.com

Seems like only yesterday we were standing on the 67th floor of Extell Development’s One57, but these towers have a tendency to move fast, and now Gary Barnett has surmounted those final 20-odd floors, bringing his 90-story, record-setting tower to it final height or 1,005 feet over Manhattan.

That record setting price helped Mr. Barnett achieve a record sale on the penthouse, now taking shape, that sold for more than $90 million.

“ONE57 has set the standard for this new era of luxury development in New York City, and this milestone solidifies its impact,” Mr. Barnett said in a release.

It will still be a year before the project is finished and the billionaires can begin to move in, but at least now we can stop gawking, wondering when the tower might top out. At least we’ll try and stop gawking.

Now when is 432 Park going to get moving, so we have something else to keep an ever-watchful eye on.

Matt Chaban can be reached at mchaban@observer.com