A credit crunch midpoint? … and more 

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  • 1. Treasury Secretary Henry Paulson said the credit crisis is probably more than half over, but it could be another 12 months before the housing market improves [Bloomberg] and [WSJ]
  • 2. Builders are still busy on Brooklyn’s Grand Avenue [Brownstoner]
  • 3. Vornado is being sued by the owners of Pretzel Time and Square One Shoes & Clothing shops over their eviction from the Manhattan Mall [NYO]
  • 4. Media and real estate tycoon Sam Zell voices his confidence in commercial real estate [Bloomberg]
  • 5. Displaced South Williamsburg residents can finally return to 475 Kent Avenue [Curbed]
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