Rising property taxes are kicking artists out of Williamsburg, ‘Real Housewives’ are renting their Hampton homes … and more

1. Increasing taxes from 2005 rezoning are pushing the last artists out of Williamsburg
[Brooklyn Paper]
2. Montauk’s iconic Shagwong restaurant hits market for $6.5 million
[Curbed]
3. Budget cuts halt rent subsidies for 15,000 formerly homeless New Yorkers
[WSJ]
4. Commercial real estate debt fell for the fifth straight quarter
[WSJ]
5. After six banks repaid their TARP debt yesterday, the Treasury has recovered all but $1B of its $245B bailout
[HousingWire]
6. Three ‘Real Housewives’ are renting out their Hampton homes for the summer
[Newsday]
7. Six commercial tenants at 370 Lexington Ave. have more than doubled their space
[Real Estate Weekly]
8. Tishman Speyer Properties purchases an office near Washington D.C.
[WSJ]
9. Beloved food truck Schnitzel & Things will open a storefront at 723 Third Avenue
[Gothamist]
10. Celebrities, including Diddy, Brad Pitt and Angelina Jolie and Charlize Theron, are renters
[Zillow]
11. Construction continues at 2 Allen Street residential development
[Bowery Boogie]
12. The short supply of commercial real estate was key to averting a major crisis
[NYT]
13. The S.E.C. may file suit against former Freddie Mac CEO for the organization’s handling of mortgages
[NYT]
14. Some real estate professionals say not enough mortgage financing help is being made available to minorities
[AOL]
15. Madonna is putting another floor on top of her $32M Upper East Side mansion for a gym
[Curbed]
16.The Hamptons is the third-best place for luxury vacation homes, trailing Sea Island, Ga. and Maui, Hawaii
[MSN]
17. Banks want to make it easier to buy a home, but that’s what led America to financial ruins in the first place [Fortune]
18. Once on the market for $17M, the penthouse at 630 Park Avenue was finally sold for $7.6M
[Curbed]