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Macy’s offloads two South Florida retail properties for a combined $28MMacy’s offloads two South Florida retail properties for a combined $28MFed slashes interest ratesFed slashes interest ratesSL Green bought Aby Rosen’s 522 Fifth debt at 40% discountSL Green bought Aby Rosen’s 522 Fifth debt at 40% discountBen Ashkenazy, Gindi family finally settle epic feud Ben Ashkenazy, Gindi family finally settle epic feud 
New York

Miracle condos … and more

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  1. 1. The East Village’s former Miracle Grill will be the site of a six-story, eight-unit condo building [Curbed]
  2. 2. UBS reported a bigger than expected loss as it wrote down $5.1 billion, much of it tied to housing losses [NYT]
  3. 3. A new homeless intake center near Yankee Stadium has riled residents [NYDN]
  4. 4. A New York construction company, C.W. Brown, will be the first
    Consolidated Edison business customer to sell back excess solar power
    to the utility [AP via Sun]
  5. 5. The Federal Reserve said banks restricted lending as defaults and delinquencies as the mortgage market imploded last year [Bloomberg via Sun]
  6. 6. The Metropolitan Transportation Authority’s new “green” escalators got off to a slow start [NYT]
  7. 7. Foreclosures are down on Long Island [Newsday]
  8. 8. The condo complex at Cobble Hill’s historic Strong Place Church is taking shape [LostNY]
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