Palace hotel will reportedly close for a full year, city making a bid to control Governors Island

TRD New York /
Oct.October 02, 2009 07:50 AM

1. New committee formed at Hudson River Park Trust debates renovations for Pier 40 [Downtown Express]
2. The lobby at One Hanson Place in Fort Greene unable to find retail tenants, now used as banquet hall [Curbed, 1st item]
3. Discount retailer Forever 21 to open 90,000-square-foot location in Times Square [Racked]
4. Battery Park City middle school zoning debate intensifies [Downtown Express]
5. The Palace hotel will reportedly close for a full year in 2010, due to renovations [Curbed, 2nd item]
6. City making bid to control Governors Island [Downtown Express]
7. Authorities begin to probe real estate investments made by Madoff’s sons [Property Wire] 
8. State Historic Preservation office makes Chinatown and Little Italy Historic District official, noting it as “the most harmonious interracial community that has ever been” [Downtown Express] 
9. Pop-up New Jersey diorama on the UWS raises questions [Brick Underground] 
10. Battery Park City residents hope that new design could save Tire Swing Park [Downtown Express]
11. A look at residential sales in the area [NYT]
12. Mortgage rates fall below 5 percent this week, with 30-year fixed rates at a four-month low [WSJ]
13. Distressed properties becoming attractive option for investors [Real Estate Investor] 
14. Mortgage stocks have rough time as Dow drops 203 points [National Mortgage News]
15. Goldman Sachs advises investors to stay away from banks with heavy focus on commercial real estate [Reuters]
16. A look at the turbulent world of reverse mortgages [Inman] 
17. Fed report shows uptick in FHA lending due to buyers with good credit scores, not subprime borrowers [Inman]

Related Articles

(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Former HFZ Capital Group executuve John Simonlaca (Credit: HFZ, iStock)

Meet the HFZ exec accused of taking mob bribes

(Credit: iStock)

Real estate industry decries anti-Semitic remarks recorded at DOB

Hidrock CEO Abraham Hidary and 72 Nassau Street (Credit: Hidrock and Google Maps)

Hidrock buys FiDi dev site from former Helmsley partner

Paul Volcker (Credit: Getty Images)

Paul Volcker, Fed Chair who infuriated real estate, dies

ICSC’s annual New York show will feature twice as much programming as in years past.

Here’s what to expect at ICSC’s 2019 NYC event