Real estate families lose money with Madoff, two Brooklyn affordable housing projects saved … and more

1. A dozen real estate families, including Larry Silverstein and Robert K.
Futterman, lost money with Madoff [NYT]
2. Many borrowers fall behind on reworked loans [Washington Post]
3. Changing her tune, Louise Sunshine talks about financing and sales trouble at 56 Leonard and the Mark [Curbed]
4. The problem with credit today is getting banks to lend in a reasonable way, according to Jonathan Miller [Curbed]
5. Two affordable housing projects in Brooklyn saved by state [Brownstoner]
6. Housing slump has “just begun,” according to an author who predicted
the collapse of the housing and tech stock bubbles [Bloomberg]
7. Mortgage rates rose to 5.25 percent last week [Bloomberg]
8. Citi Field should be renamed Taxpayer Field [NYDN]
9. Signs going up for the new American Eagle in Times Square [Curbed]

10. Former Gordon’s Novelty Shop covered in signs and scaffolding [A Fine Blog]

11. Ismael Leyva’s 150 Fourth Avenue in Gowanus project isn’t dead yet [GL]

12. Forest City Ratner told the government it was stopping work on the Atlantic Yards project — sort of [AY Report]

13. Bloomberg LP to take some of Citigroup’s space at 731 Lexington Avenue [REW]

14. Cipriani loses its lease on the Rainbow Room [Bloomberg]