City to lose money on Atlantic Yards arena, just three homes over $16M have sold this year … and more

1. City expected to lose $24 million from the mortgage and sales tax
exemptions granted to Atlantic Yards Nets arena [Brooklyn Paper]
2. ML Management Associates moves to new headquarters at 250 West 57th Street [NYT]
3. After 74 years, Manny’s Music closed on Sunday [NYT]
4. Planners say new concert hall in Coney Island would be quieter than the existing bandshell [NYDN]
5. City expands available funding for charter school construction to $3.8 billion [Post]
6. $25 million Tribeca home comes with private pool [NY Mag]
7. Large number of borrowers who took out $15,000 loans from Fannie Mae defaulted [NYT]
8. Real estate ads move from newspapers to the Web [Ad Age]
9. So far this year, just three homes listed for more than $16 million have sold [NYT]
10. Some buyers use “value price range” instead of one listing price for homes [NYT]
11. New York Crane allegedly knew the crane that collapsed on the Upper
East Side last year was faulty [Gothamist] and the parents of a
construction worker killed will mourn at the site [Newsday]
12. Problems expected for commercial non-performing loans [NMN]
13. Editorial on the Gowanus Canal clean-up [NYT]
14. Living in Greenpoint, Brooklyn [NYT]
15. Queensboro Bridge turns 100 years old [Gothamist]
16. Elad Properties gives tours of The Plaza [NYT]
17. GMAC, former financing arm of General Motors, subleases entire 18th floor of 1177 Sixth Avenue [Crain’s]
18. Ex-Lehman Brothers workers move private equity fund to 399 Park Avenue, where Lehman had offices [Crain’s]
19. Lucky’s Famous Burgers opening location at 264 West 23rd Street [Crain’s]
20. Natasha Richardson’s will includes New York homes [Post]