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New York

Record number of church foreclosures, accused brothel owner gets pressed to name clients (some in real estate) … and more

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1. New data shows record number of church foreclosures [Reuters via Yahoo]
2. Real estate broker-turned-accused high-end brothel operator gets pressed to name clients, some who work in real estate [AP via Montgomery Advertiser]
3. Fading starchitect power, as seen through changing building values [NYT]
4. Grubb & Ellis goes forward with sale of assets [WSJ]
5. Greenpoint residents protest proposed incineration plant on Newtown Creek [Brooklyn Paper]
6. BofA lands deal to reduce penalties in exchange for bigger cuts to mortgage balances of borrowers [WSJ via Reuters]
7. Bronx rental complex designated as first beneficiary of affordable housing financing [Crain’s]
8. Williamsburg’s Wythe Hotel to open May 1 [HotelChatter]
9. Sources say Speaker Christine Quinn pushed developer to make changes to Chelsea Market expansion [Crain’s]