Foreclosed home inventory on the rise, Brooklyn-based developer Robert Toussie interested in purchasing Newsday … and more

1. Baurch introduces student housing on the Lower East Side at 101 Ludlow Street [The Ticker] 

2. East Village Tex-Mex eatery Mary Ann’s seized for failing to pay taxes [Village Voice]
3. People who seek mortgage assistance can end up with lower credit scores [AP via Huffington Post]
4. Harlem tenants in 47-building complex call for removal of property manager, citing deteriorating service [Crain’s]
5. Foreclosed home inventory on the rise [WSJ]
6. Staples to consolidate its two Midtown East locations [Crain’s]
7. Chelsea residential development favored by celebs may have illegal roofline [ArchiTakes via Curbed]
8. Sales launch at Fort Greene new development at 174 Clermont Avenue [Brownstoner]
9. Residential brokers turn to high-tech bells and whistles to lure clients [Crain’s]
10. Marcus Garvey Park Amphitheater renderings revealed [Harlem + Bespoke]
11. Two stalled Williamsburg luxury condo developments relaunched thanks to buy-up by anonymous investor [Crain’s]
12. Investment advisor makes dubious promises to double clients’ money in three years? [Malcolm Carter]
13. Fannie Mae lowers expectations for residential market performance [UPI]
14. Sentencing postponed in Newark for man accused of $140 million mortgage fraud [National Mortgage News]
15. Was first-time tax credit extension a flop? [WSJ]
16. Brooklyn-based developer Robert Toussie interested in purchasing Newsday [WSJ via Mediabistro]

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