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New York

Distressed commercial real estate in U.S. drops to $175 billion … and more

1. Latest numbers show strength in luxury apartment market [WSJ] 

2. Mondrian Soho hotel opens on Crosby Street [DNAinfo] 

3. Manhattan Chamber of Commerce is divided over Walmart’s potential entry into NYC [Crain’s]
4. Embattled National Arts Club President O. Aldon James allegedly threatens to ruin reputations of board members [DNAinfo] 

5. Tour leader of abandoned Atlantic Avenue subway tunnel sues city over closure [HuffPo] 

6. Portfolio of 10 distressed buildings in Bronx sells for $22.25 million [NYO]
7. Opening of Aloft Brooklyn delayed to April 21, from March 31 [Hotel Chatter] 

8. Sapir Organization sells one of last remaining buildings, at Fifth Avenue and 35th Street, for $11.5M [NYO] 

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9. Boutique and lifestyle hotels gain popularity in NYC [WSJ] 

10. Total value of distressed commercial real estate in U.S. drops to $175 billion, Clear Capital says [Globe St.] 

11. U.S. home prices fall to lowest levels since housing bubble burst, according to S&P/Case-Shiller [MSNBC] 

12. Bridgehampton outpost of French bistro, Almond, now available for $150,000 per year [Curbed] 

13. A peek inside the newly opened penthouse suites at the Trump Soho [Hotel Chatter] 

14. New private schools entering NYC market in response to skyrocketing demand [Crain’s] 
15. Toll Brothers’ application approved for eight-story building at 205 Water Street in Dumbo [Brownstoner] 

16. Inside the $3.9 million Hamptons home of former Lehman exec Erin Callan [Curbed]