Rising property values endanger the arts … and more 

1. How the booming real estate market threatens New York City’s arts scene [Time] 
2. Countrywide says it adjusted terms on mortgages and took other steps to aid 81,266 struggling homeowners last year [WSJ]
3. Rising delinquencies and foreclosures are forcing lenders to cut back on home-equity loans [WSJ]
4. Redesign of four-story glass hotel addition to Battery Maritime Building wins support by including restoration of historic cupolas [Downtown Express]
5. Two-bedroom apartment at Time Warner Center hits market for $11.5 million, or $6,300 per square foot [Curbed]
6. Starbucks founder buys 950 Fifth Avenue condo from Giants co-owner for $24.75 million [NYO]
7. City plans meetings to help residents fight bed bugs [Queens Crap]
8. A three-bedroom apartment at 15 Central Park West is renting for $55,000-per-month [Curbed]
9. A changed market makes young renters the ideal buyers [NYT]

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