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The Wrap: Barry Sternlicht says “strange capital” is new norm, community board gives Pier 55 mixed response … and more

Rendering of Pier 55 at Hudson River Park
Rendering of Pier 55 at Hudson River Park

1. Community board gives Pier 55 a mixed response [Curbed]
2. Barry Sternlicht says “strange capital” in real estate is the new norm [CNBC]
3. Upper West Side Mitchell-Lama tenants facing proposed 40 percent rent hike [NYDN]
4. Renderings for seven-story Bed-Stuy resi building revealed [NY YIMBY]
5. Celeb favorite Italian restaurant Rao’s hits market for $10.5 million [NYDN]
6. American Development Group breaks Park Slope price record [NYO]

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— Tess Hofmann