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New York

City Council votes to prohibit demolition amid asbestos abatement at construction sites, CMBS delinquencies skyrocket 504 percent over last year … and more

1. City Council votes to prohibit demolition amid asbestos abatement at construction sites [AP via SI Advance]
2. Greenwich Village’s Devonshire House sees lively condo sales, including 11 cash deals [Habitat Magazine]
3. Critics slam unveiled Brooklyn Bridge Park entrance design [Post]
4. The New York waterfront’s new heyday [Newsweek]
5. Ratner will save when state issues $400M in tax-exempt bonds for AY [Atlantic Yards Report]
6. Armory vote likely to be delayed until Dec. 21 [Bronx News Network]
7. Pierre Hotel apartment sees $3M price cut [Curbed]
8. Roosevelt Hotel taking suggestions for new bar name [Hotel Chatter]
9. Podcast: Jonathan Miller sits down with Real Estate Analytics’ Neal Elkin [Matrix]
10. The city can use eminent domain to build Atlantic Yards… but should it? [NYDN]

11. Brokers could be responsible for filing suspicious activity reports to combat money laundering [MarketWatch via Matrix]

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12. Barclays: Wealthy investors could start looking for more property investments [Housing Wire]
13. Fed prepping plan to fend off inflation [AP via MSNBC]
14. Resource Capital plans to offer at least $50M in common stock [WSJ]
15. Fed still slow-moving on MBS purchases from Fannie, Freddie, Ginnie [Housing Wire]

16. Concern mounts about Toronto-Dominion Bank’s high exposure to U.S. commercial real estate [Globe Investor]
17. Default three times more likely on zero down mortgages than on 10 percent down mortgages [The Truth About Mortgage]
18. CMBS delinquencies skyrocket 504 percent over last year [Housing Wire]
19. Bank of America mortgage head takes a pay cut [The Truth About Mortgage]