Banks could pay more to foreclose, kitchenless apartment gets more than $1,000 per square foot … and more

July 06, 2011 05:31PM

1. New ruling on Mortgage Electronic Registration Systems could increase cost of foreclosures for banks
[NYLJ]

2. Despite his huge purchases, Joseph Chetrit is shrouded in mystery
[NYO]

3. Nationwide rents are up 6.7 percent from last June
[SmartMoney]

4. Crane cracks at 3 WTC but it won’t impact the project
[Post]

5. Presenting every second quarter sale in Manhattan on a handy map
[Curbed]

6. HFF refinances 142-unit rental building at 34 Berry Street in Williamsburg for $31 million
[GlobeSt]

7. Writer Harlan Coban sells his 700-square-foot, kitchen-less Lincoln Square unit for $745,000
[Curbed]

8. $75M tax credit restructuring ensures L+M Development Partners keep 14 Harlem buildings affordable
[GlobeSt]

9. Hyatt 48Lex postpones July opening, sends customers to Grand Hyatt [Hotel Chatter]
10. Why home prices might not decline this time as interest rates rise [Atlantic]
11. Elevator executive plans to attract tourists to Queens … with an elevator museum in LIC [NYDN]
12. The triplex penthouse at Dumbo’s clocktower, listed for $23.5M, could be bought as a “pied-a-terre” [Daily via Brownstoner]