When the Trib closed, New York was out on its own with hot graphics, trendy articles and a brash mix of topics.

FORBES: What Goes Around Comes Around to Rupert Murdoch

Mr. Rechler, chief executive of RXR Realty LLC, is betting that Midtown, where leasing has slowed in the past 18 months, will regain its status as New York's most desirable office district when the economy picks up and more old-guard companies look for extra space and as rent in the trendy hot spots grows more expensive.

WSJ: Midtown New York Push

Other national hot spots include Chicago's 60614, in the trendy Lincoln Park neighborhood, and Georgetown's 20007 in Washington, D.

FORBES: Magazine Article