City commissioner to be Obama’s housing secretary, sellers keep deposit when buyers bail … and more

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1. President-elect Barack Obama has named Shaun Donovan, the current commissioner of the city’s department of Housing Preservation and Development, as his administration’s secretary of housing and urban development [AP]
2. Seller keeps deposit when buyers bail on closing [NYT]
3. A look into the Polish Consulate’s Manhattan mansion [NYT]
4. REIT market ends the year with big losses [NYT]
5. Atlantic Yards: a crushed real estate dream [NY Mag]
6. Blocks zoned out of school district [NY Mag]
7. Work on Brooklyn Bridge Park expected to start today [Brooklyn Paper]
8. Hotel rooms appear in unsold condos [Crain’s]