Sitt wins Brooklyn apartment in foreclosure auction, what NYC real estate bigwigs want for Christmas … and more

December 20, 2011 08:23AM

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Asphalt Green in Battery Park City

1. Joe Sitt returns to modest roots with $5.4M purchase of Brooklyn apartment building in foreclosure auction
[WSJ]

2. State Sen. Carl Kruger is expected to plead guilty to corruption charges today
[Post]

3. Multi-family owner purchases property at Avenue C and 9th Street for $9.7M
[EVGrieve]

4. Delinquency rates on U.S. industrial properties hits 22-year high at 12.05 percent
[Bloomberg News]

5. EDC launches annual fashion competition where winner gets $175,000 for a pop-up shop
[DNAinfo]

6. What the city’s biggest real estate players are hoping to find under their Christmas trees
[Post]

7. Forest Hills residents complaining about LIRR noise wish they had Wiener to advocate for them
[NYDN]

8. Opening of Battery Park City’s Asphalt Green community center is delayed — again
[DNAinfo]

9. Low-key bar Richlane opens off Bedford Avenue in Williamsburg
[Gothamist]

10. About 2,000 non-profits could lose their property tax exemptions
[Post]

11. Economists predict today’s home starts report will show November increase
[Bloomberg News]

12. Bronx environmentalists launch greenway initiative along the Harlem River
[NYDN]

13. Already hated by neighbors, UWS restaurant Papasito now owes landlord $27,000 in rent
[DNAinfo]

14. Elsewhere, a Hell’s Kitchen small plates restaurant, closes one year after opening
[Eater]

15. Parks in Canarsie and Flatlands get lowest grades in city
[NYDN]