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Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanVornado, Rudin reveal plan for larger 350 Park Avenue projectVornado, Rudin reveal plan for larger 350 Park Avenue projectCharles Cohen’s 750 Lex value slashed by 83%, foreclosure loomsCharles Cohen’s 750 Lex value slashed by 83%, foreclosure looms
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International briefs


The United Nations building in New York City

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From the New York February issue: Dubai has an idea to help fill its vast amount of empty office space: the United Nations. Although it may be a long shot, officials from the United Arab Emirates are making the case that the UN should consider moving its headquarters out of New York City and to Dubai, according to a Bloomberg News report. Meanwhile, the United Kingdom’s housing market showed signs of lost momentum toward the end of 2009, dashing hopes that the market was headed toward long-term residential recovery and Chinese officials are reportedly considering a property tax to thwart a possible housing bubble. [more]