Forest City misses large payments on $162 million Atlantic Yards mortgage loan, American consumers are paying credit card bills before mortgage payments … and more

December 09, 2009 04:57PM

1. Forest City misses large payments on $162 million Atlantic Yards mortgage loan [NYO]
2. Illegally divided homes are dangerous but fill a need for residents [Gotham Gazette]
3. Academy Awards signs lease with New York City non-profit for office space [Crain’s]   
4. Abundance of pop-up shops have opened throughout Manhattan [Cheryl Shops]
5. Broadway Triangle rezoning plan passes two key City Council votes [Post]
6. Landmarks Commission approves changes to Philip Falcone’s $49M UES mansion [Curbed]
7. Talks about the Kingsbridge Armory mall project are “no longer positive” [Bronx News Network]
8. Manhattan architect pleads guilty in commercial check cashing scheme [Post]
9. How Goldman Sachs is handling its move from 85 Broad Street to West Street [NYO]
10. City will pay for renovations at Brooklyn Bridge Park if the state grants it control of the park [Brooklyn Paper]
11. Many NYC landlords are members of the Independence Party of New York [NYO]
12. Bloomberg signs bill prohibiting simultaneous demolition and asbestos abatement activities within same building [GlobeSt]
13. American consumers are paying credit card bills before mortgage payments [The Truth About Mortgage]
14. Units are sold out at Prospect Heights green development Sterling Green [Brownstoner]
15. State Senator Bill Perkins asks for a temporary moratorium on the use of eminent domain in New York state [Atlantic Yards Report]
16. Nationwide, only 10,000 homeowners received permanent loan modifications under Obama’s mortgage relief plan [USA Today]
17. TARP extended to October 2010 [Square Feet Blog] and [CBS]
18. Listing prices are down in 25 out of 26 markets [Matrix]
19. Until loan-to-value ratios drop, foreclosures will continue [Market Ticker]
20. Consumer lending shrank 1.7 percent in October for ninth consecutive month [WSJ via Patrick.net]
21. Investors interested in acquiring General Growth Properties malls are running into difficulties [Reuters]
22. BofA has repaid $45 billion in government bailout funds it has received [USA Today] and [CNBC]
23. Citigroup will repay TARP by raising money through a stock offering [CNBC]
24. Green buildings architect Malcom Wells dies at age 83 [Media Bistro]
25. Government-sponsored enterprises are adopting standards which will “remove a significant disincentive for buyouts” [Housing Wire]


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