Real estate’s risks … and more

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  • 1. A look at the risks of real estate [Motley Fool]
  • 2. New York Attorney General Andrew Cuomo says a deal has been reached with Merrill Lynch, Goldman Sachs and Deutsche Bank over the sales of risky auction-rate securities [AP via Crain’s]
  • 3. Billionaire real estate baron Sam Zell is avoiding REITs or property and says the housing market won’t recover until next year [Bloomberg]
  • 4. A 135-unit building at 500 Fourth Avenue in Brooklyn is getting its skin [Brownstoner]
  • 5. Astroland’s co-owner says the Coney Island amusement park’s rides aren’t going to be sold just yet [Urbanite]