Lease terminated at World Financial Center restaurant … and more

1. Donald Sacks, first restaurant at World Financial Center, gets lease terminated [Constant Contact] 

2. Vornado closes on $58 million purchase at 510 Fifth Avenue [Post] 

3. Scrapping of NJ tunnel project cost an unrealized $30,000 bonus in real estate value for every home located near a train stop [ABC News] 

4. SEC wants disclosure on impact of buybacks and foreclosures [National Mortgage News] 

5. Citi says housing is much smaller portion of U.S. net worth these days than it used to be [Business Insider] 

6. Foreclosure liquidations could be delayed three to six months: Fitch [WSJ] 

7. Actress Amanda Seyfried buys two-bedroom for $1.9 million at Devonshire House [Curbed] 

8. Con Ed shuts off gas at West 38th Street apartments, citing illegal connections [NYDN] 

9. Frederick Peters, Warburg Realty president, discusses the market and new developments [NYT] 

10. Office properties declined in value this year but are expected to rebound [Crain’s] 

11. Saudi prince opposes Islamic Community Center near Ground Zero [Times of India] 

12. New apparel stores such as Aeropostale, American Eagle and Forever 21 draw teens to Times Square [Crain’s] 

13. How banks put the economy underwater [NYT]
14. New York construction contracts up 60 percent in December: McGraw-Hill [City Biz] 

15. City seeks developer for Bush Terminal Complex in Sunset Park [Crain’s]
16. A glimpse of the new East River waterfront project [DNAinfo] 

17. City to pay hundreds of thousands of dollars to clean up bedbug exterminator’s mess [Post] 

18. It would take 107 months to clear the banks’ housing backlog [WSJ]
19. Building up 116th Street in Harlem [Crain’s]
20. New Dream Downtown hotel takes shape in Chelsea [WSJ]