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New York

Tea business booming in NYC, Wynn’s Fifth Avenue pad goes to ex-wife for $17M … and more

1. Wave of new boutique hotels in the city keeping brand names out of the marketing picture [Crain’s]
2. Union, NJ church gets new home after more than 10 years [Star-Ledger]
3. New book explores Koch’s affordable housing plan [Gotham Gazette]
4. Tea business booming in NYC as vendors snap up affordable retail spaces [Crain’s]
5. New Yorkers paying premiums for even a few square feet of nearby park space [NYT]
6. Times columnist advises buyers to steer clear of foreclosed homes “until the dust settles” [NYT]

7. HUD’s Shaun Donovan: foreclosure moratorium “would do far more harm than good” [HuffPo]
8. FHA loan program for home renovations goes underutilized [NYT]
9. Wynn’s Fifth Avenue pad goes to ex-wife for $17M [NYO]
10. Unlike Gowanus Canal, Newtown Creek superfund designation viewed in mostly positive light [Crain’s]
11. Multiple generations of families save by bunking up together again in Westchester [NYT]

12. NYC’s racial segregation, mapped [Business Insider via Curbed]
13. D.C. besting NYC, leading the nation in office building price rebound [Crain’s]
14. Southern NJ housing market flounders, while northern suburbs hold their own [NYT]
15. Bay Ridge residents fed up with rundown, pest-infested home after 12 years of neglect [NYDN]
16. Energy-efficient homeowners growing more numerous on Long Island [NYT]
17. Williamsburg artists sue landlord after being evicted by the city from illegal warehouse loft [Brooklyn Paper]

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18. Second Avenue Subway business owners say construction attracts insects, forces extermination bills upward [Post]

19. Agriculture market healthy in NYC’s upstate suburbs [NYT]

20. Lenders’ belts remain tight for prospective home buyers [Reuters via MSNBC]
21. Brooklyn and Queens real estate developer pleads guilty to $92 million mortgage fraud [Post]