Better beach house bargains found outside of the Hamptons, Cabrini Medical Center files for bankruptcy … and more

1. Better beach house bargains to be found on other Long Island beaches [Post]
2. Freddie Mac creates Youtube video to walk borrowers through mortgage modifications [Housing Wire]
3. A 1.5 billion debt and equity financing has been completed for a power plant in Astoria [Globest]
4. Courtyard Marriott is coming to 181 Varick Street [Hotel Chatter]
5. Cabrini Medical Center files for Chapter 11 bankruptcy [Crain’s]
6. UNC grad pushes to make Con Ed steam plant a landmark [NYT]
7. FDIC moves from its Downtown location to two full floors in Empire State Building [Globest]
8. City celebrates completion of 200 miles of bike lanes throughout the city [NYDN]
9. New legislation would allow the city to clean unwanted graffiti off properties [Post]
10. GM may change its logo from blue to green as it exits bankruptcy [Post]
11. Mortgage rates fall again [Miami Herald] and [LIBN]
12. U.S. hotel industry posts declines for week ending July 4 [Hotel News Now]
13. Bernard Madoff will not appeal sentence, his lawyer says [NYDN]
14. Several floors in former Madoff office are on the market [MSNBC]
15. Time share developers are scaling back business as investors demand higher interest rates [WSJ]