IStar raises $2.95B in financing, the story of architect Robert Scarano’s secret bathroom … and more

March 18, 2011 04:58PM

1. Throughout the 2000s, architect Robert Scarano allegedly manipulated zoning laws and quietly built huge buildings in Queens and Brooklyn neighborhoods

2. IStar secures $2.95B in financing to help pay its nearly $3.2B debt due in the first half of 2011

3. The unfinished Allen Street Hotel at 138 Allen was put up for sale by Misrahi Realty Corp.

4. NY real estate negotiations could become less tenuous this spring as buyers and sellers adjust to market realities
[The Apple, Peeled]

5. Military families have a lot of unique factors to weigh when deciding whether to rent or buy.
[Navy Times]

6. The Bridgehampton Fire Dept. may spend $8M-$9M to add a second story to its lone firehouse

7. Instead of raising local property tax for residents, a Greenburgh, NY official wants to increase hotel tax

8. Southampton will update its ‘historic district’ and could designate more properties as histori[Patch]
9. Construction to connect Fleet Street with Myrtle Avenue in Brooklyn should be complete in the coming weeks

10. The once downtrodden Bowery has become desirable and condos now command more than $2,000 per square foot [NYT]