10. Woodside, Queens, tries to cope with rapid development [NYT]
11. Subprime mortgage meltdown will overtake Hurricane Katrina to break record for losses for insurance companies [Bloomberg]
12. Long Branch, N.J., finds success with rentals, while Asbury Park struggles with condos [NYT]
13. Commercial developers are suing because they aren’t getting the mortgage rates they were promised [Bloomberg]
14. City’s Department of City Planning says new Sunset Park re-zoning recommendations will limit new high-rise condos [Brooklyn Eagle]
15. Urban Outfitters opens first Brooklyn store, a two-level store at 164 Atlantic Avenue between Court and Clinton streets [Brooklyn Eagle]
16. Fed bailout is last-ditch effort to save Bear Stearns from subprime oblivion [NYDN]
17. Co-op at 32 Gramercy Park South sues suing a pair of tenants for decorating their third-floor apartment for the holidays in violation of building rules [Post]
18. President George W. Bush responds to critics who charge him with an inadequate response to the subprime crisis by saying that he won’t be stampeded into “bad policy decisions” that could hurt the economy [Bloomberg]
19. Thornburg Mortgage, unlike its rivals, stayed away from risky loans, but still holds billions in mortgage-backed securities that have tanked [NYT]
