The Real Deal New York

City successfully stops distressed multi-family buildings from falling into disrepair, execs see rising interest rates as permanent shift … and more

March 21, 2012 08:00AM

1. Grand Central Terminal entrance will be renovated with new cafe to celebrate its 100th anniversary [NYDN]
2. City program has been relatively successful at keeping distressed multi-family buildings from falling into disrepair [WSJ]
3. Real estate execs see recent rise in interest rates as start of permanent move away from record lows as recovery takes hold [NYO]
4. As a third gay bar, Veronica People’s Club, closes in North Williamsburg, patrons point to an anti-gay sentiment among longtime, active residents [NYT]
5. Guess Jeans’ Marciano brothers consolidate stakes in 292 Madison Avenue, grab more control of office tower [Post, 1st item]
6. Leasing picks up at Industry City in Sunset Park, as tech and creative tenants sign for its loft-style space [GlobeSt]
7. Opponents to UWS rezoning proposal see an opening for a compromise [Crain’s]
8. Former FBI boss and current MF Global Chapter 11 trustee takes space on 31st floor of the Empire State Building [Post, 2nd item]
9. Little Italy shoe store touts history as mafia hang out [DNAinfo]
10. Lower Manhattan welcomes Anne Frank Center at 44 Park Place [BradsheetDaily]
11. Chinatown property owners claim BID is overcharging them [DNAinfo]
12. Italian jeweler Ippolita replaces Damiani at 796 Madison Avenue, pays more than $1,000 per foot [Post, 5th item]
13. Bay Ridge residents complain new Oxygen reality series is caricature of neighborhood [NYDN]
14. Carlyle Group adds 23,000 square feet to existing 100,000 at 520 Madison Avenue [Post, 4th item]
15. Vandals destroy newly built Rockaway Beach playground [NYDN]
16. Cops shut down Union Square amidst Occupy Wall Street protests [Post]