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New York

WaMu’s woes … and more

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  1. 1. Washington Mutual reports a $3.3
    billion loss tied to subprime loans, and projects     mortgage-related
    losses will be high through 2011 [Bloomberg]
  2. 2. Brookfield Properties has no plans to cut office rents as
    its New York City
    vacancy rate remains at 2 percent [Bloomberg]
  3. 3. Fannie Mae acquired twice as many homes through foreclosure
    in the first quarter as it sold [Bloomberg]
  4. 4. More evidence that the “Real World” is moving from
    Downtown Brooklyn’s Belltel Lofts to Pier 41 at Van Dyke Street [Brooklyn Paper]
  5. 5. Real Capital Analytics has made real estate journalist and
    publisher Peter Slatin its editorial director and associate publisher [GlobeSt.]
  6. 6. Corcoran has a $38 million listing for a five-bedroom, seven-plus-bathroom
    duplex at 740 Park Avenue [NYO]
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