Clean-up time … and more

July 30, 2008 09:38AM

  1. 1. Mortgage companies are getting stuck with stiff fees from
    cities that are cleaning up vacant foreclosed properties [WSJ]
  2. 2. City Sports has signed a lease for a three-story store at 64 West 48th Street,
    near the NBC Studios [Post, 3rd item]
  3. 3. Merrill Lynch’s firesale of battered subprime securities
    raises questions for the rest of the lending industry [NYT]
  4. 4. A Baltimore developer is
    creating a $300 million mixed-use development in a rusting section of Providence [NYT]
  5. 5. California-based department-store chain Mervyn’s has filed
    for bankruptcy, blaming the housing bust and credit crunch [Post] and [WSJ]
  6. 6. Park Slope’s last butcher shop will close after the landlord
    refused to extend its lease [NYDN]
  7. 7. A Far Rockaway resident is determined to preserve the peninsula’s old bungalows [NYDN]
  8. 8. Mortgage applications have hit their lowest level this year [AP via NYDN]
  9. 9. Home sales are down in the Hamptons [Newsday] and [Bloomberg]
  10. 10. A glut of vacation homes around the country is driving down
    home values [AP via Newsday]
  11. 11. Manhattan’s
    office vacancies keep going up [NYO]
  12. 12. Susan de Franca, president of Related Residential Sales, discusses
    marketing and selling luxury condos at One Astor Place and the Brompton [NYO]
  13. 13. Hip hoteliers like Jason Pomeranc and Andre Balazs are in no
    hurry to finish their new hotels on time [NYO]