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Whole new world: How NYC values 421a, 485x sites nowWhole new world: How NYC values 421a, 485x sites nowNYCB loan defaults surge 400% as rent-stabilized buildings bleedNYCB loan defaults surge 400% as rent-stabilized buildings bleedShort-term rental-friendly projects now represent half of South Florida’s new condo pipelineShort-term rental-friendly projects now represent half of South Florida’s new condo pipelineL+M buys Knickerbocker Village for $85M L+M buys Knickerbocker Village for $85M 
New York

Commercial rent bargains available in Midtown South, law firm looks for office space … and more

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1. Commercial rent bargains available in Midtown South [NYT]
2. Decorator Liz O’Brien is moving gallery from Fifth Avenue to First Avenue [Post, 2nd item]
3. AIG says Goldman Sachs is reimbursing it for rents at 180 Maiden Lane [Post, 3rd item]
4. Parents annoyed about construction in Battery Park City [Post]
5. Recent Manhattan commercial leases [NYO]
6. Artist Danny Hellman discusses living in a co-op [Habitat]
7. Williamsburg residents fear eminent domain use in development of Broadway Triangle [NYDN]
8. Law firm Birmingham McCutchen looks for office space [NYO]
9. Staten Island sees new restaurants [NYT]
10. An interview with Time Equities’ Francis Greenburger [NYT]
11. Wealthy individuals’ bankruptcy filings increase, driven by real estate [Bloomberg]
12. Shares of several hotel REITs upgraded [AP via ABC]
13. Buffett’s Berkshire Hathaway begins to target foreclosed homes and distressed borrowers [Bloomberg]
14. Fitch downgrades Capmark Financial Group’s rating to C from B-minus [Reuters]
15. Trouble ahead for REITs [WSJ]