Laurel drops asking prices to $1,600 a foot and sees sales surge, Bill Ackman auctions off guest suite at the Majestic … and more

December 09, 2009 08:22AM

1. A look inside NYU’s expansion plan: Increase NYC space by six million square feet and reduce leased space by 2031 [Washington Square News]
2. Distressed Hamptons properties on the market [PropertyShark]
3. David Rubenstein Atrium to reopen tomorrow for free performance, prior to Dec. 17 official opening [My Upper West]
4. Long Island man allegedly rented out dilapidated house that wasn’t his for $2,200 a month [Newsday]

5. 119 West 25th Street likely to trade at under $200 a foot [Post, 3rd item]
6. Holliday optimistic in address to SL Green shareholders at Mandarin Oriental [NYO]
7. Investor Bill Ackman auctions off guest suite at the Majestic [Curbed]
8. New Jerseyans to get new tunnel to Manhattan [NYT]
9. Ratner’s tax-free bonds for Nets arena to go on sale this week [Brooklyn Paper]
10. Stuy Town tenants write up list of demands [Post]
11. The Laurel drops asking prices to $1,600 a foot and sees sales surge [Post, 4th item]
12. Richard Farley of RFR Realty on leasing Manhattan’s trophy properties [NYO]
13. Kai D.’s Soho pop-up shop meets with success, extends lease [NYO]

14. Zillow: U.S. homeowners have lost $5.9 trillion to declining property values since 2006 [Bloomberg]

15. Parkview Developers takes over site at 510 West 42nd Street from hotelier Richard Born [Post, 2nd item]
16. CIT will emerge from bankruptcy this week [Bloomberg]
17. E-Trade on the hunt for new NYC office space [NYO]
18. Investors will have a hard time winning damage awards from financial executives over subprime debacle, insurance company says [Bloomberg]
19. The Times Square of the late 1800s [NYDN]
20. Retailers’ New York conference more lively this year [NYO]
21. Simon acquires Lightstone’s Prime Outlets business for $2.3B [CoStar]

22. Congress demands better from mortgage companies after administration’s limited success in stopping foreclosures [CNN Money]
23. Strategic defaults go up with negative equity, report says [Housing Wire]

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