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LA court strikes down SB9 law allowing single-family lot splitsLA court strikes down SB9 law allowing single-family lot splitsTides’ original investors may be wiped out by preferred equity dealTides’ original investors may be wiped out by preferred equity dealMicrosoft shedding office leases to save $1.5B a year in rentsMicrosoft shedding office leases to save $1.5B a year in rentsDevelopers have a new tax break. Now they must figure it outDevelopers have a new tax break. Now they must figure it out
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JPMorgan sells risky commercial mortgages to Manhattan-based firm … and more

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1. The Caribbean Cultural Center African Diaspora Institute is moving from near Columbus Circle to a landmarked firehouse at 120 East 125th Street
[NYO]
2. JPMorgan sells the riskiest portion of a $1.5 billion commercial mortgage bond to Manhattan-based Torchlight [Bloomberg via Crain’s]
3. Chelsea penthouse with 1,200-square-foot terrace and six-person hot tub hits the market for $15.2M [Curbed]
4. Confusion arises from the constant renaming of bridges, highways and tunnels to honor important figures
[WSJ]
5. U.S. Foreclosure filings in Q1 2011 at three-year low
[Inman]
6. Trump will not announce his candidacy on “The Apprentice” because he isn’t allowed to
[NYO]
7. New foreclosure regulations will be extremely costly for banks
[WSJ]
8. One million U.S. homes were bought as investment properties in 2010
[CNN]
9. Citi Habitats broker coveted and ultimately rented a 220-square-foot studio being marketed by a colleague
[NYT]
10. Barbara Corcoran says “Shark Tank” contestants are more likely to trust her because she’s a woman
[Business2Community]