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“Multifamily is in the crosshairs”: Execs talk distress, opportunities at Milken conference“Multifamily is in the crosshairs”: Execs talk distress, opportunities at Milken conference"Financially devastating": Receiver takes over embattled Pembroke Pines condo complex"Financially devastating": Receiver takes over embattled Pembroke Pines condo complexArbor modifies $1.9B in loans as delinquencies keep risingArbor modifies $1.9B in loans as delinquencies keep risingPinnacle Bank buys back Fort Worth office tower for $12 per sf Pinnacle Bank buys back Fort Worth office tower for $12 per sf 
New York

State budget cuts could cause 2,000 canceled construction jobs … and more

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1. Second Avenue subway line may mean no new Fairway Market for the Upper East Side [DNAinfo]
2. State budget pinch could lead to 2,000 canceled construction jobs [Crain’s]
3. Family of late real estate tycoon Norman Levy fights multi-million dollar estate tax fee [Forbes]
4. “Fabulous” Fab Tourre of Goldman Sachs’ scandal fame to sit before senate committee [NY Mag]
5. Long Island City’s Verve condominium 70 percent sold [Curbed]

6. Former Coney Island flea market the latest casualty of abandoned buildings [Amusing the Zillion]
7. The Vantage condominium at 238 St. Marks Avenue in Prospect Heights sells out [Brownstoner]
8. Price slashed again on Aby Rosen’s townhouse at 3 East 94th Street, down to $22.9 million [Curbed]
9. A bottom found for commercial real estate? [Seeking Alpha]
10. Greenpoint drawing fans from the movie biz [NYT]
11. Famed New York City design family, the Novogratzes, profiled [Slate]
12. Mortgage servicers may be required to slash pay to participate in Obama program [Bloomberg]