Rising property taxes are kicking artists out of Williamsburg, ‘Real Housewives’ are renting their Hampton homes … and more

March 17, 2011 05:32PM

1. Increasing taxes from 2005 rezoning are pushing the last artists out of Williamsburg
[Brooklyn Paper]

2. Montauk’s iconic Shagwong restaurant hits market for $6.5 million

3. Budget cuts halt rent subsidies for 15,000 formerly homeless New Yorkers

4. Commercial real estate debt fell for the fifth straight quarter

5. After six banks repaid their TARP debt yesterday, the Treasury has recovered all but $1B of its $245B bailout

6. Three ‘Real Housewives’ are renting out their Hampton homes for the summer

7. Six commercial tenants at 370 Lexington Ave. have more than doubled their space
[Real Estate Weekly]

8. Tishman Speyer Properties purchases an office near Washington D.C.

9. Beloved food truck Schnitzel & Things will open a storefront at 723 Third Avenue

10. Celebrities, including Diddy, Brad Pitt and Angelina Jolie and Charlize Theron, are renters

11. Construction continues at 2 Allen Street residential development
[Bowery Boogie]

12. The short supply of commercial real estate was key to averting a major crisis

13. The S.E.C. may file suit against former Freddie Mac CEO for the organization’s handling of mortgages

14. Some real estate professionals say not enough mortgage financing help is being made available to minorities

15. Madonna is putting another floor on top of her $32M Upper East Side mansion for a gym

16.The Hamptons is the third-best place for luxury vacation homes, trailing Sea Island, Ga. and Maui, Hawaii

17. Banks want to make it easier to buy a home, but that’s what led America to financial ruins in the first place [Fortune]
18. Once on the market for $17M, the penthouse at 630 Park Avenue was finally sold for $7.6M