Jeff Sutton pockets $400M from Fifth Ave retail, Elad CEO believes deal to sell Plaza hotel will be legendary … and more

New York /
Jul.July 11, 2012 08:00 AM

1. “Super-luxury” retailer offers $375M for 24,700-square-foot St. Regis retail condo [Post, 8th item]
2. In Q&A, Elad CEO says Plaza deal was so successful that it will be taught in business schools in the future [NYT]
3. Pomander Walk on the UWS makes list of most exclusive U.S. gated communities [Forbes]
4. Morton’s Steakhouse signs lease across from the World Trade Center [Post, 1st item]
5. A Citi Habitats VP says he’s “never leaving” his 275-square-foot Christopher Street apartment [NYDN]
6. Meanwhile, this Brooklyn Heights couple makes due with a 240-square-foot studio [Post]
7. Sergio Calatrava’s WTC transportation hub is taking shape [NYT]
8. McMansions hit the U.S. market asking half their peak sales prices [CNN]
9. Jeff Sutton pockets $400M from reworking the mortgage on 717 Fifth Avenue retail [Post, 5th item]
10. Columbus Avenue BID gets approval to bring plant life and solar power to run-down block between 76th and 77th streets [DNAinfo]
11. Following renaming of Queensborough Bridge, Astoria pol pushes law to prohibit naming city landmarks after living people [NYDN]
12. Manager of Howard Millstein’s Bank of America Plaza says Vanderbilt Ave. plan is bad for businesses and property values [Post]
13. Florida, Ohio combine for 11 cities on list of America’s 20 new foreclosure capitals [Forbes]
14. Circa 1933 Moondance Diner, which moved to Wyoming from Tribeca in 2007, is looking for a buyer [NYDN]
15. Law student fights summons received for drinking on stoop of gated brownstone in Boerum Hill [NYT]
16. City hasn’t come through on promised PS 372 middle school expansion in Park Slope because it can’t find space [NYDN]
17. Vornado shops for new retail tenant to replace H&M, whose 640 Fifth Avenue lease expires in 2014 [Post, 6th item]
18. Children’s store Rookie USA to open 9,400-square-foot store at 808 Columbus Avenue [Post, 3rd item]
19. “Borrower fatigue” had many people ignoring BofA’s $150,000 mortgage rebate offer [Bloomberg]


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