Carlton Group slams Sapir Organization with $12M suit, watch a New Orleans hotel implode … and more

July 24, 2012 05:00PM

1. Carlton Group’s brokerage unit files $12.3M breach-of-contract suit against the Sapir Organization over alleged missed commission payments [Law360]
2. With low interest rates, NYC could nab extra $950M in property tax revenue from fiscal year 2014 to 2016 [Reuters]
3. A look at updated NYU renderings following a series of recent reductions [NYO]
4. Despite screech of 7 Subway train overhead, critic praises landscape architect’s Queens Plaza makeover [WSJ]
5. Jersey City’s Newport Tower nears $200M refinancing [NYO]
6. Bed-Stuy’s famed Slave Theater to hit foreclosure auction block in early August [Brownstoner]
7. Proposal to preserve east side of Bowery from over development forges ahead [Bowery Boogie]
8. Michael White will open a sister restaurant to Osteria Morini in new UES space [Eater]
9. Watch the implosion of a New Orleans hotel to make way for new medical center [Hotel Chatter]
10. Seven-bedroom Sagaponack mansion is listed for $2M less than owners paid [Curbed]
11. How Winick’s Kenneth Hochhauser helped fuel the growth of Chipotle in the city [NYO]
12. Latvia’s Air Baltic to sell real estate to passengers during flights; vouchers to be available for home discounts [NYDN]