Astrotower will stay in Coney, Hamptons benchmark is $295K … and more

1. Astrotower will stay in Coney Island, developer Joseph Sitt says [Post]
2. Hedge funder John Paulson’s Hamptons home sells for $10 million, down from its asking price of $19.5 million [Curbed]
3. Are renters happier than homeowners? [Curbed]
4.
Designers create High Line clothes and accessories [Racked] and tables
at the High Line opening party sell for as high as $100,000 [NYO]
5. Condo conversion of 160 Imlay Street probably won’t happen soon [Brownstoner]
6. Seasonal benchmark for Hamptons rentals is $295,000 [NYO]
7. Globe Restaurant Group and a Popeye’s franchise in Manhattan file for bankruptcy [Crain’s]
8. Lower Manhattan small business owners get together at expo [Crain’s]
9. Montague Street will be closed to cars for three Sundays in September [Brooklyn Paper]
10. Mortgage rates surpass 5.5 percent [WSJ]
11. Bondholders face commercial mortgage losses [Bloomberg]
12. Commercial real estate recovery to start in 2011 [Reuters]
13. Deadline to oppose GM sale coming up this week [WSJ]
14. Bond investors getting ready to invest in distressed home loans [WSJ]
15. Top commercial mortgage-backed securities likely to retain high ratings [Reuters]
16. Will empty big-box stores ever be filled [Reuters]
17. Lehman to pay Barclays $6 million for furniture [Bloomberg]