LES building turned over to squatter tenants, 7-Eleven expanding in N.J. … and more

May 12, 2009 06:32PM

1. Bullet Space building on the Lower East Side turned over to squatter tenants [EV Grieve]
2. State Senate’s housing committee chair pushes for two bills that will strengthen rent regulation laws [Crain’s]
3. Developers seek government-backed loans that will allow buyers to put down less cash [Crain’s]
4. National median home price falls to $169,000 [CNN Money]
5. RRE Ventures signs 10-year lease at 130 East 58th Street, gets free rent and money for the build-out [Crain’s]
6. 20 Pine buyer reportedly purchased unit for a heavily discounted $600 a foot [Downtowny]
7. A review of Barbara Isenberg’s “Conversations with Frank Gehry” [NYT]
8. Bklyn yard reopens this Saturday with food trucks [NY Mag]
9. MIT commercial property index falls 5.8 percent [Reuters]
10. Watching Bedford-Stuyvesant gentrify [NYT]
11. Cromwell Center on Staten Island to shut down for up to a year [SI Advance]
12. 7-Eleven looks to expand in New Jersey [GlobeSt]
13. How to keep commercial spaces running during the downturn [Habitat]
14. New Leaf Cafe reopens in Fort Tryon Park [Food and Things]
15. New supportive housing project rises at 575 Fifth Avenue [Brownstoner]
16. HSBC says 2009 will be tough as bad loans increase [Bloomberg]
17. Housing Secretary Shaun Donovan says he is committed to
implementing new loan disclosure forms and settlement procedures [Inman]