Madonna rents in Water Mill, Sternlicht warns of U.S. commercial debt bubble … and more

May 01, 2012 08:00AM

1. Madonna, already an owner on UES and in Bridgehampton, has been renting a $6M mansion in Water Mill [Post]
2. Barry Sternlicht says competition to buy top-flight commercial real estate in U.S. is building a debt bubble [Bloomberg]
3. There are five buildings being built around the world that will rise taller than 1 WTC [WSJ]
4. Nello’s Summertime in Southampton will be replaced by a less expensive Greek restaurant [Post, 1st item]
5. Hooters catches opposition from all fronts in attempt to open near Barclays Center [NYDN]
6. Following the path of a Brooklyn renter with a $625 per month budget [NYT]
7. Sen. Schumer said GSA lease for 300,000-sf in 1 WTC will be complete by summer [Post, 1st item]
8. Bay Ridge brick-and-mortar businesses occupy street vendor spaces in protest [Brooklyn Paper]
9. As more New Yorkers are compelled to become first-time homebuyers they must be aware of new lending climate [NYDN]
10. New York ranked dead last in economic outlook survey because of “excessive” taxes [Post]
11. Opponents of waste-transfer station near LaGuardia Airport pin cause to increase in bird strikes [NYDN]
12. With unveiling of new park on Thursday, Lefrak’s Newport City development enters its final stage [NYT]
13. Crane victim’s father says fight against James Lomma “is not over yet” [Post]
14. Ivanka Trump gets fingerprinted to land liquor license for forthcoming Koi in Trump Soho [DNAinfo]
15. Cabrini Eldercare CEO talks about healthcare after closure of East 5th Street nursing center [EV Grieve]
16. Restaurant Osteria Salina replaces Copa at 95 School Street in Bridgehampton [Post, 2nd item]