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

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

3. Nationwide rents are up 6.7 percent from last June

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

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

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

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

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

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]