Realogy posts $58 million profit in third quarter … and more

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1. Debate continues over superfunding the Gowanus Canal [Brownstoner]
2. Predictions of a commercial real estate crash greatly exaggerated, Zell says [Chicago Real Estate Daily]
3. A look at the airport that could have been at Governor’s Island [NYDN]
4. Ideal year to invest in commercial real estate: 2010, survey says [DS News]
5. Price cut for five units at Palazza Grey on Lower East Side to $7.5 million [Curbed]
6. Housing prices will not increase until glut gone  [CNN via]
7. U.S. home sellers slash asking prices by $28.1 billion as of Nov. 1, Trulia report finds [Bloomberg]
8. Last units at Andre Balazs’ William Beaver House sold with price cuts [Curbed]
9. NJ Economic Development Authority approves $14.6 million to bring Depository Trust and Clearing Corporation to state [NJ Biz]
10. S&P 500 cash flow still going strong since 2007 [Running of the Bull]
11. Realogy posts $58 million profit in third quarter [Inman]
12. Manhattan businesses looking at NJ for cheaper office space [NYT]
13. Boerum Hill bail bonds office will not open until next year [Brownstoner]
14. Demolition completed to make way for Flatbush Best Western hotel [Brownstoner]
15. Fannie Mae and Freddie Mac fire their own inspector general [HuffPo]

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