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

January 09, 2009 06:19PM

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]

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]

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

Astroland Rocket removed from Coney Island [Brooklyn Eagle]

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

Columbia to demolish 17 acres in Manhattanville [Queens Crap]

The Free Synagogue in Flushing holds on [Queens Crap]

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

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