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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 splitsMcCarthy leaves distressed office for premier Post Oak developmentMcCarthy leaves distressed office for premier Post Oak developmentDevelopers have a new tax break. Now they must figure it outDevelopers have a new tax break. Now they must figure it out
New York

Bin Laden’s death could push mortgage rates upward, real estate envy rampant on the Williamsburg waterfront … and more

1. Osama bin Laden’s death could push mortgage rates upward [Examiner]
2. 1 WTC architect David Childs responds to Osama’s death: “vindicates all the work we’re doing in rebuilding” [Post, 2nd item]
3. Real estate envy rampant on the Williamsburg waterfront as low-income and market-rate renters live side-by-side [NYT]

4. Queens Italian hotspot Don Peppe to open high-end Manhattan spinoff [Post]
5. Vornado, Boston Properties post increases in funds from operations during the first quarter [Bloomberg] and [Bloomberg]
6. The weak dollar not poised to strengthen any time soon [WSJ]

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7. Oppenheimer & Co. renews 90,000-square-foot lease at MetLife Building [Post, 3rd item]
8. Inside the late Norman Mailer’s Brooklyn Heights home [NYT]
9. Apollo’s head of real estate predicts fall in commercial property prices within the year [Bloomberg]
10. Calle Ocho moving to new space in the Excelsior Hotel [Post, 4th item]
11. Panel votes to phase out Jamaica’s P.S. 30, Bronx Academy High School and Brooklyn’s Pacific High School [NYDN]

12. Cushman’s Tara Stacom tapped to market Transit Workers Union’s former 80 West End Avenue office space [Post, 5th item]

13. RoboCop star Paul Weller sells Riverside Drive pad for $1.5M [NYO]