City budget cuts … and more

  • 1. Mayor Bloomberg asks for $1.5B in budget cuts [Sun]
  • 2. Commercial developers feeling pressure [WSJ]
  • 3. Real estate investor Sam Zell predicts a recession for next year [Reuters]
  • 4. Mayor’s affordable housing plan could change [NYO]
  • 5. FBI investigating Fannie Mae, Freddie Mac, AIG, Lehman for fraud [Post]
  • 6. A-Rod’s condo officially hits market at $14M [NYO]
  • 7. Fear up that homes lost to foreclosure may affect votes [NYT]
  • 8. McCarren pool renovations started [Curbed]
  • 9. Oro starts closings [Brownstoner]
  • 10.Community Board 3 withholding liquor licenses [Gothamist]

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