Atlantic Yards creates blight in Prospect Heights, Governor Paterson says federal funds will go towards affordable housing … and more

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1. Atlantic Yards has created blight in Prospect Heights, Web site says [AY Report]
2. Vornado Realty Trust and Clarett Group win court battle to demolish 220 Central Park South [Post]
3. Drugstore chains trying to scoop up space left behind by closed retailers [Crain’s]
4. City’s condo sales down in the first quarter, REBNY says [Crain’s]
5. Disgraced art dealer Lawrence Salander cuts townhouse price to $16 million from $21 million [NYO]
6. State lawmakers drafting renters protection rules for foreclosures [Newsday]
7. Fairmonts Hotels “friends and family” code will save travelers money [Hotelchatter]
8. Debate over the location of a new Staten Island charter school [SI Advance]
9. Governor David Paterson says federal funds will go towards affordable housing [AP via SI Advance]
10. Rental development at 3692 Bedford Avenue in Midwood tops out [Brownstoner]
11. Planning experts say the most “buzzworthy” Manhattan neighborhoods are Midtown, Chelsea and Soho [Gawker]
12. Metropolitan Television Alliance won’t be broadcasting from the Freedom Tower [NYO]
13. Cheap amenities in Bedford-Stuyvesant [NYDN]
14. Brooklyn Bridge Park will muffle BQE noise by covering the highway [Curbed]
15. New Jersey Sports and Exposition Authority will select architect to design upgrades to the Izod Center in coming weeks [SBJ]
16. Ten energy-efficient cities [Forbes]
17. Congress looks at reforming mortgage market [Washington Post]
18. Bidders vying for AIG’s asset management business [WSJ]
19. Market share among top mortgage lenders rising [The Truth about Mortgage.com]
20. Federal Reserve will air public service announcements on mortgage scams [Trulia.com]
21. Mortgage delinquencies have more than doubled from a year ago [The
Truth about Mortgage.com]

22. Firms greening office portfolios [National Real Estate Investor]
23. America needs to preserve older homes [NYT]
24. Most REITs will maintain investment-grade ratings [Seeking Alpha]
25. Homeowner Relief Act makes refinancing possible [True Gotham]
26. Foreclosure-related sales double in some metro areas [Inman]