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Tides’ original investors may be wiped out by preferred equity dealTides’ original investors may be wiped out by preferred equity dealLA court strikes down SB9 law allowing single-family lot splitsLA court strikes down SB9 law allowing single-family lot splitsBushburg buying Rudin’s half-empty FiDi office building for $160MBushburg buying Rudin’s half-empty FiDi office building for $160MDevelopers have a new tax break. Now they must figure it outDevelopers have a new tax break. Now they must figure it out
New York

News Corp. expands presence in SL Green’s 1185 Sixth Avenue … and more

1. West Elm retailer renews lease at Two Trees’ 75 Front Street in Dumbo [Post, 2nd item]
2. Wells Fargo continues foreclosures, despite other banks’ concerns [Daily Real Estate News via Realtor Mag]
3. Empire State Building lobby redesign garners Municipal Art Society’s best historical restoration award [Post, 3rd item]
4. After a decade of marketing, Broadway star Marty Richards’ River House apartment in contract [NYO]
5. NYC ice cream shop pioneer Jon Snyder talks business [NYMag]
6. News Corp/ subsidiary News America leases additional 26,792 square feet at SL Green’s 1185 Sixth Avenue [Post, 4th item]
7. Fed ramping up investigation into foreclosure mess [AP via Yahoo]
8. Bad banks need to die out to aid recovery, expert says [LAT]
9. Treasury Department says 11 percent of home loan modifications are failing nationwide [Reuters via CNBC]
10. Restoration Hardware reportedly heading to East Hampton [Curbed]
11. FDIC chief warns of long-term damage to housing market that could be caused by foreclosure problems [Reuters via Huffington Post]

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