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Rent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlordsMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanChetrits have a problem in PassaicChetrits have a problem in PassaicH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boom
New York

Starwood buys 1414 Sixth Avenue for $72 million to turn into a hotel … and more

1. Starwood Capital buys 1414 Sixth Avenue for $72 million with plans to turn it into a hotel [Post] 

2. Borders’ nine NYC stores may be in danger due to financial struggles [Crain’s]
3. Fairfield Inn may open on Third Avenue near Gowanus in April [Brownstoner] 

4. Stalled Williamsburg development on North 5th Street gets second chance [WSJ] 

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5. Zamperla breaks ground on first of two new roller coasters at Coney Island [Post]
6. Addisleigh Park neighborhood in Queens gets landmark status [NYT] 

7. Two dozen demonstrators arrested in Downtown Manhattan for protesting school closures [NY1] 

8. JPMorgan buys Liberty Towers, a rental complex in Jersey City, for $300M [Crain’s] 
9. Home ownership declines due to rise in foreclosure and meltdown in mortgage market [WSJ]
10. ‘Sopranos’ screenwriter pays $2M for condo in Prospect Heights [Curbed]