BofA plans to refile papers on over 100,000 foreclosures, sets timetable for review … and more

1. BofA sets timetable for foreclosure review [Crain’s] and [WSJ] 

2. Citigroup says its foreclosure processing techniques are sound, no reason to halt foreclosures [WSJ] 

3. And Blackrock chair on why a foreclosure moratorium is a bad idea [WSJ] 

4. Tavern on the Green restaurant reopens as visitors center in Central Park [ABC] 

5. Developers and builders put up $250,000 for bid to extend No. 7 subway to West 41st Street [Crain’s] 

6. Landlords required to disclose history of bedbugs in contracts for rentals, including co-ops too [NYT] 

and [WSJ] 

7. Growing demand for high-end luxury rentals [Crain’s] 

8. DOB shuts down Williamsburg loft building at 571 Metropolitan Avenue [Brownstoner] 

9. Chelsea Art Museum could close as battle over building ownership continues [WSJ] 

10. New Jersey Performing Arts Center steps up real estate involvement [NYT] 

11. City shifts plan for transformation of industrial waterfront [WSJ] 

12. After steady growth, commercial property sales are stabilizing [WSJ] 

13. PNC Bank opens second New York location at 11 Penn Plaza [WSJ] 

14. City Council gives final approval for rezoning of 75 blocks in Central Bronx [WSJ] 
15. Shake Shack to open in Westport, Conn. in late 2011 [WSJ]
16. Vornado Realty Trust hires Morgan Stanley real estate managing director
Michael Franco [Crain’s]
17. Financing is complete for Basketball City’s new $13 million sports facility at Pier 63 [Crain’s]

18. Valley National Bank is suing Park51 developer Sharif El-Gamal and company Soho Properties for unrepaid loan [Post]
19. While Saudi billionaire Prince Bin Talal says he doesn’t want a mosque near Ground Zero [NY Mag]
20. Cipriani USA resolves legal dispute with Capital One Bank and plans for expansion [Grub Street]