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99 Cents closures to open 3.8M sf of retail opportunities in SoCal 99 Cents closures to open 3.8M sf of retail opportunities in SoCal WeWork announces deal to exit bankruptcy, avoid takeover by Adam NeumannWeWork announces deal to exit bankruptcy, avoid takeover by Adam NeumannDevelopers have a new tax break. Now they must figure it outDevelopers have a new tax break. Now they must figure it out“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab law“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab law
New York

505 Flushing tops out, Rum House closes in Times Square … and more

1. Karl Fischer-designed 505 Flushing Avenue development tops out in Wiliamsburg [Brownstoner]
2. Parents furious over Paterson’s veto of a bill to move radioactive waste station away from PS 84 in Williamsburg [NYDN]
3. East Harlem residents protest developer’s plan to sell their homes [DNAinfo]
4. Connecticut AG probes GMAC Mortgage over defective foreclosure documents [WSJ] 

5. Despite BID’s efforts, retailers strike out at Yankee Stadium [Crain’s] 

6. Riders say East Side bike path is too narrow and full of potholes [NYDN] 

7. Hamptons homeowners are suing town trustees over the public’s use of a beach they claim to own [Post] 

8. Rum House in Edison Hotel in Times Square closes, earlier than expected [Vanishing New York] 

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9. Plans for 12-story Hotel On Schermerhorn Street in Downtown Brooklyn on hold after owner defaults on loan [Brooklyn Paper] 

10. Crown Heights residents protest existing pawn shop on Franklin Avenue [Brownstoner]
11. New developments, restaurants and shops bring life to Yonkers [WSJ] 

12. Report estimates that “shadow inventory” of potential foreclosures will peak this year [WSJ] 

13. Annemarie DiCola, chief executive of analytics firm Trepp, talks about the CMBS market [NYT]