City Council may kill Kingsbridge Armory project over living wage dispute, rising rents chase artists out of Chelsea and Soho … and more

New York /
Nov.November 23, 2009 08:15 AM

1. City Council may kill Kingsbridge Armory project at hearing today if living wages not guaranteed [NYDN]
2. ‘Virtual’ doormen watch over New Jersey’s luxury condos [NYT]
3. Rising rents chase artists out of Chelsea, Soho [Crain’s]
4. Bernanke says modest expansion will continue next year in address to New York Economic Club [Seeking Alpha]
5. Eco-friendly incubator rents to 15 green startups in Tribeca loft [Crain’s]
6. Bank of America to announce $460M CMBS deal, signaling possible market revival [Dow Jones via CNN]
7. List of NYC post office branches at risk of closure drops from 14 to 5 [NYT]
8. New York seeks to close budget gap with $351.3M bond sale [Bloomberg]
9. Former Greenpoint warehouse opens as new culinary school by the owners of Brooklyn Kitchen [Crain’s]
10. Brooklyn Bridge Park’s Pier 6 opening delayed [NYDN]
11. Wall Street investment funds buy and reduce home mortgages, profiting and shifting risk onto federal government [NYT]

12. Met Opera renews lease for ticket center at 80 West End Ave. [Crain’s]
13. Brooklyn landlords left tenant-less after rent hikes [NYDN]
14. Connecticut’s shoreline residents split on zoning to restrict home sizes [NYT]
15. Lingerie retailer inks bargain deal on bankrupt Searle’s 1051 Third Ave. space [Crain’s]
16. Tax credit likely led existing U.S. home sales to two-year high in October, economists forecast [Bloomberg]
17. Renters suffer as foreclosed landlords let multi-family buildings deteriorate [Washington Post via NY Mag]


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