The Observer is reporting that Columbia has agreed to pay $14.8 million (or $235 a sq. ft.) for a 62,000 ft. warehouse on Broadway between 130th and 131st.

Despatch Moving & Storage, the owners of the warehouse, had agreed in 2007 to sell to the University but the two parties have only now settled on a price.

Gurnam Singh (he of two gas stations) and Nick Sprayregen continue to remain unswayed by the charms of your President Bollinger.