Starchitects bring big returns to residential developers, Fed about to buy $545B in mortgage securities … and more

New developments along Riverside Boulevard South

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1. Choosing “starchitects” to build residential yields big returns

2. Housing prices still have a long way to fall in Canada, Britain, Spain and other major countries

3. Unapproved coal-fire oven installation compels DOB to issue stop-work order for Grimaldi’s new space

4. As money managers carve larger presence in real estate market, institutional investors are more vulnerable to risk

5. Despite big money repairs, many high-violation public housing buildings remain on “worst of the worst” list

6. City’s removal of 72nd street barricade on Riverside Boulevard
reignites battle between Riverside South and other Upper West Side

7. Neither Coach’s Hudson Yards deal, nor Vornado backing away from Port Authority signify imminent boom or bust

8. Shortage of inventory has Lenox Hill housing prices defying recession

9. Bond dealers say Fed is on the verge of purchasing $545B in mortgage securities
[Bloomberg News]

10. Glendale, Queens is attracting more retail and thus, more real estate recognition

11. Inside Hillary Swank’s West Village apartment