Deutsche Bank building saga … and more 

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  • 1. The story of the Deutsche Bank building fiasco, which cost taxpayers over $150 million [Fortune]
  • 2. Price of building new parks around new Yankee Stadium jumps 122 percent [Metro]
  • 3. The wealthy went for adjustable-rate mortgages too [NYT]
  • 4. Federal regulators ease capital rules for Fannie Mae and Freddie Mac to try to spark the housing market [NYT]
  • 5. Manhattan rents drop [Post]
  • 6. State appellate court in Brooklyn hears arguments over Brooklyn Bridge Park lawsuit [Brooklyn Eagle]
  • 7. Mayor Bloomberg strikes back at critics of his congestion pricing plan during a Crain’s forum [Crain’s]
  • 8. The American Institute of Architects’ Architecture Billings Index, a key barometer of construction-industry activity, shows commercial construction could be headed for a prolonged slump [WSJ]
  • 9. JPMorgan could dump Bear Stearns’ commercial mortgage debt [WSJ]
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