Buyers might be canceling contracts at Crescent Club, 292 Madison at full occupancy … and more

February 23, 2009 06:26PM

1. Buyers rumored to be canceling contracts at the Crescent Club in Long Island City [Curbed]
2. Anglo-Irish Bank has paid YL Real Estate’s rent arrears on Rector Square [Curbed]
3. Rumors that the Rainbow Room might turn into offices persist [Eater]
4. Ports1961 flagship opens in the Meatpacking District [Racked]
5. 292 Madison Avenue now at full occupancy [Crain’s]
6. Buildings near the city’s shore might be flooded if the water level rises in coming decades [Queens Crap]
7. Housing advocates worry that lenders won’t refinance loans [Newsday]
8. The sales decline in 2008 led to a surplus of 3,000 units [Matrix]
9. Forest City Enterprises Charles Ratner doesn’t mention basketball or helping blighted areas in Atlantic Yards strategy [AY Report]
10. Charter school being built at 510 Waverly Place [Brownstoner] and co-op school finds home in Clinton Hill [Brownstoner]
11. Prudential Douglas Elliman taking over Eva Daniels’ former storefront on Fulton Street [Brownstoner]
12. Wine cellars canceled at 100 Eleventh Avenue [Curbed]
13. Gas station turns into bakery in Long Island City [Curbed]
14. City’s condos remain vacant [Gotham Gazette]
15. Armani flagship on Fifth Avenue will have a restaurant in it [Eater]
16. Dragging out the Atlantic Yards lawsuit might prevent Forest City Ratner from raising capital with tax-exempt bonds [NYO]
17. SL Green, Gramercy Capital Corp. sell 55 Corporate Drive in Bridgewater, N.J. for $230 million [RE Channel]
18. Manhattan Valley cuts resident costs [Columbia Spectator]
19. Restaurant to open at 568 Fifth Avenue, home of the former Berkley Clothing store [GL]
20. Partial stop-work order hits 99 Havermeyer [GL]