- 1. Mortgage companies are getting stuck with stiff fees from
cities that are cleaning up vacant foreclosed properties [WSJ]
- 2. City Sports has signed a lease for a three-story store at 64 West 48th Street,
near the NBC Studios [Post, 3rd item]
- 3. Merrill Lynch’s firesale of battered subprime securities
raises questions for the rest of the lending industry [NYT]
- 4. A Baltimore developer is
creating a $300 million mixed-use development in a rusting section of Providence [NYT]
- 5. California-based department-store chain Mervyn’s has filed
for bankruptcy, blaming the housing bust and credit crunch [Post] and [WSJ]
- 6. Park Slope’s last butcher shop will close after the landlord
refused to extend its lease [NYDN]
- 7. A Far Rockaway resident is determined to preserve the peninsula’s old bungalows [NYDN]
- 8. Mortgage applications have hit their lowest level this year [AP via NYDN]
- 9. Home sales are down in the Hamptons [Newsday] and [Bloomberg]
- 10. A glut of vacation homes around the country is driving down
home values [AP via Newsday]
- 11. Manhattan’s
office vacancies keep going up [NYO]
- 12. Susan de Franca, president of Related Residential Sales, discusses
marketing and selling luxury condos at One Astor Place and the Brompton [NYO]
- 13. Hip hoteliers like Jason Pomeranc and Andre Balazs are in no
hurry to finish their new hotels on time [NYO]
