Reading a recession … and more

1. History shows a recession would be bad for New York City [NYT]
2. Despite drops in prices, new U.S.
homes are getting old as they wait for buyers [NYT]
3. Kushner Cos. will sell a 49 percent stake in the retail portion of 666 Fifth
Avenue to The Carlyle Group and Stanley Chera’s Crown Acquisitions for $525
million [Post]
4. The Department of City Planning plans to rezone five neighborhoods on the Rockaway Peninsula to stop the construction of
high-rise apartment buildings [NYT]
5. Dutch Kills has gotten very glassy very quickly [NYT]
6. For some, balconies and terraces are storage spaces in the sky [NYT]
7. Slick magazines are pushing green apartments [NYT]
8. Slowing condo sales haven’t put a damper on construction on Long Island [NYT]
9. Brookfield Properties reports that first-quarter profits fell as income from
property sales declined [Bloomberg]
10. A judge will rule today on controversial redesign of Union Square, which includes a new
restaurant in the park’s historic pavilion [Sun]
11. An extreme commute takes an Inwood resident to southeastern Brooklyn every day [AMNY]
12. A Bronx City Council Member allegedly earmarked thousands of dollars for a
tenants association in her former apartment building, which residents say
doesn’t exist [Post]
13. At the Upper West Side’s Apthorp apartment
comlex, more than 100 cars were evicted from the parking garage after a city
building inspector issued safety violations [Post]