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Tides’ original investors may be wiped out by preferred equity dealTides’ original investors may be wiped out by preferred equity dealGlossier founder is buyer of $22M Brooklyn townhouseGlossier founder is buyer of $22M Brooklyn townhouseLA court strikes down SB9 law allowing single-family lot splitsLA court strikes down SB9 law allowing single-family lot splitsLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a
New York

Residential building to rise at 61 Fifth Avenue, city buys two Brooklyn properties … and more

1. 61 Fifth Avenue to be demolished, 10-story apartment building to rise in its place [Curbed]
2. Two Northside Piers close to topping off [Curbed]

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3. Retailer Searle goes bankrupt, hopes to renegotiate leases [Crain’s]
4. Rainbow Room owner loses lease [NYT]
5. Jewelry store to replace pottery shop in Grand Central [Crain’s]
6. Carlton Group to open $300 million facility for financing and recapping first mortgages [GlobeSt]

7. City buys two downtown properties for $38 million to create Willoughby Square Park [Brownstoner]

8. Assemblyman Richard Brodsky wants a hearing about Yankee Stadium next week [NYO]

9. Astroland Rocket removed from Coney Island [Brooklyn Eagle]

10. Cheyenne Diner won’t move to Red Hook [Brooklyn Paper]
11. Not much progress at 31 Kosciusko Street development [Brownstoner]

12. Columbia to demolish 17 acres in Manhattanville [Queens Crap]

13. The Free Synagogue in Flushing holds on [Queens Crap]

14. Pantone pop-up Shop Pops Up On Fifth Avenue [Racked]

15. Tessan boutique closing [Racked]
16. Layoffs looming in non-residential construction, forecast says [SFBJ]
17. Mortgage rates continue to drop [Sun-Sentinel]