Durst Fetner Residential closes on 1212 Fifth Avenue, sellers cutting prices by smaller amounts … and more

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1. Durst Fetner Residential has closed on 1212 Fifth Avenue purchase [Post, 2nd item]
2. Milford Plaza Hotel will close in December for renovations [NYT]
3. Omnicom renews three of six floors at 200 Varick Street [Post, 3rd item]
4. Brooklyn’s City Point to get tax-exempt bonds [Crain’s]
5. Community leaders critical of proposed 35-story hotel in Long Island City [NYDN]
6. Council member Domenic Recchia filed suit against Tishman Speyer on behalf of one resident [NYO]
7. Public Design Commission approves design for Sanitation Department structure along West Side Highway [Curbed]
8. Plans for skyscraper at 57th Street and Second Avenue are moving forward [NYO]
9. Fewer sellers slashing prices, doing so by smaller amounts [Inman]
10. Hotel projects in development nationwide declined by 27.9 percent in August [National Real Estate Investor]
11. Defaults could jump-start distressed buying over the next year, investors say [National Real Estate Investor]
12. How the Business Cycle Dating Committee judges the end of the recession [NYO]