Illegal hotel might be converted, Jane Jacobs’ townhouse for sale … and more

1. Desmond Tutu Center in Chelsea may be converted into a commercial hotel
after illegally advertising rooms on the Internet [Curbed]
2. New Yorkers share their foreclosure experiences [NYT]
3. A review of the World Trade Center plans [NY Mag]
4. Jane Jacobs’ Hudson Street townhouse for sale in historic Greenwich Village location [Curbed]
5. City contractors fail to pay millions in construction fines [NYDN]
6. Danny Meyer drops out of race for Tavern on the Green [NYO]
7. Tamir Sapir’s attempts to import endangered species items to decorate yacht [Cityfile]
8. Construction on pedestrian plaza in Times Square to commence Memorial Day weekend [NY Mag]
9. Crown Heights crime index less than the national crime average [Nostrand Park]
10. Jack Nicholson’s former Hamptons rental on the market for the summer [Newsday]
11. New York State launches affordable housing Web site [Newsday]
12. Loan borrowers try to cheat President Obama’s system for more financial assistance [Newsday]
13. Trump Soho may open October 1 [Curbed]
14. Clermont Greene gets certificate of occupancy [Brownstoner]
15. Realtors optimistic about price bottom [Inman]
16. The Obama mortgage rescue plan has postponed foreclosure for only 55,000 U.S. homeowners [Seeking Alpha]
17. Vulture buyers to descend on International Council of Shopping Centers
convention [Reuters]
18. Chrysler and GM dealership closings will hurt commercial real estate [TRE Bloggers]
19. Economists expect April housing starts to be better than predicted [Seeking Alpha]

20. SL Green raises $387.4 million in common stock offering [National Real Estate Investor Online]
21. Housing market recovery by 2010 unlikely [Seeking Alpha]
22. Jumbo lending crunch hitting high-end sales [Inman]