Red Hook's red herring? … and more

1. That Red Hook warehouse might not be hosting MTV’s “The Real World” after all [NYMag via Curbed]
2. Plans for a $260 million wholesale merchandise mart across from the new Air Train station in Jamaica, Queens, have been scrapped [NYT]
3. The Senate is expected to pass the housing bill and Fannie Mae and Freddie Mac rescue package this weekend [AP via Yahoo]
4. Architect Rem Koolhaas’s Madison Square project is managing to stir up buzz despite some big competitors nearby [NYDN]
5. Extell Development is negotiating with Costco about underground retail space at its new 3.3 million-square-foot Upper West Side development [NYO]
6. Staten Island’s foreclosures doubled in the second quarter [Crain’s]
7. Mortgage modifications are picking up [Bloomberg]
8. The city close to selecting developers for an underground railroad memorial in Downtown Brooklyn [Brownstoner]

Red Hook’s red herring? … and more