The Real Deal New York

Streeteasy VP predicts a downturn in 2013, NGKF closes $81M portfolio trade … and more

1. Despite other experts’ optimism, Streeteasy vice president Sofia Song predicts that city real estate will see a downturn in activity this year [NY1]
2. Newmark Grubb Knight Frank closes $80.55 million deal for five Citibank retail branches [NYP, 3rd item]
3. In desperate need of capital for long-delayed repairs, the Brooklyn Public Library weighs letting go of some of its more than 1 million square feet in property holdings [WSJ]
4.  Brookfield Office Properties kicks off the construction of deck over an Amtrak rail yard, the start of its $4.5 billion development between Ninth and Dyer avenues. [NYP, 1st item]
5. Times columnist counts the ways the government has botched the foreclosure crisis [NYT]
6.  The Royal Bank of Scotland could be the next bank to face major fines from regulators [NYP]
7. Thirty years after Ada Louise Huxtable damned the architecture of the apartment buildings of 800 Fifth Avenue and 1001 Fifth Avenue, they are still “awful to look at” [NYT]
8. Joseph Lhota, former MTA chair, prepares to make mayoral run official [Crain’s]
9.  A look at REBNY in the new year [NYO]
10. Edward Minskoff ‘s 51 Astor Place sends “mixed messages;” critic weighs pros and cons  [WSJ]
11. The Wall Street Journal has bed bugs [Gothamist]