Flatbush Avenue development project shot down by local officials, Port Authority will close the Ramada Plaza Hotel at JFK … and more

December 04, 2009 08:11AM

1. Worldwide chess prodigy Garry Kasparov buys $3.4 million penthouse apartment on West 76th Street [NYO]
2. Flatbush Avenue development project shot down by local elected officials [Post]

3. Paterson pushes for state budget plan that relies on Battery Park City money [Downtown Express]
4. Doris Diether discusses Bowery zoning on WNYC [Villager, 2nd item]

5. London NYC hotel takes over Gordon Ramsay restaurant ownership [NYT]
6. West Village rare books shop to shutter at the end of January [Villager]
7. The Distrikt hotel pushes off opening date, now coming early next year [Hotel Chatter]
8. Parks Department archaeologist suspects 1798 yellow fever victims may be buried in Washington Square Park [Villager]
9. City cautions about waitlists as Tribeca parents debate school zoning proposals [Downtown Express]
10. Singles, young families move in droves to rural areas during the downturn [WSJ]
11. Port Authority will close the Ramada Plaza Hotel at JFK this year [Curbed, 2nd item]
12. Fannie Mae increases minimum credit score for new borrowers to 620 [Housing Wire]
13. Redesigning on a tight budget by getting creative [NYT]
14. Buyers get less off ask price in October; largest discounts seen in New York City, Florida [Zillow]
15. Coldwell Banker launches new, user-friendly Web site [Future of Real Estate Marketing]
16. Morgan Stanley looking to restructure commercial mortgage-backed securities [WSJ]
17. Federal Reserve criticism is misplaced, Washington Post writer says [NYT]
18. Commercial real estate to suffer into 2011 [Fort Worth Star-Telegram via Realtor Mag]
19. For every loan approved, three more deteriorate, according to LPS [Housing Wire]
20. U.S. home prices still have further to fall as foreclosures mount [Reuters]
21. Nearly 2.7 million homeowners this year have received mortgage modifications from private firms [USA Today]
22. Life insurers may see ratings downgraded due to commercial real estate losses, Fitch says [Costar]

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