New York

Soros predicts interest rate spike in 2013, low-ball appraisals complicate deals … and more

A townhouse at <a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/126-West-87-Street-New-York-NY-10024/1012170143-0" target="_blank" data-address="126%20West%2087%20Street%2C%20New%20York" data-label="126%20West%2087th%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F126-West-87-Street-New-York-NY-10024%2F1012170143-0" data-bbl="1012170143" data-blockValue="01217" data-lotValue="0143" data-zipcode="10024" data-bldgArea="4%2C950" data-bldgDepth="55" data-bldgFront="18" data-landUse="1%20%26%202%20family%20buildings" data-lotArea="1%2C812" data-lotFront="18" data-lotDepth="100.67" data-retailArea="0" data-resArea="3%2C960" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="A4" data-primaryZoning="R7-2" data-commercialOverlay="" data-far="3.44" data-buildable="6%2C233" data-airRights="1%2C286" data-propertyNeighborhood="Upper%20West%20Side" data-latitude="40.7873828811718" data-longitude="-73.972819298394" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F126-West-87-Street-New-York-NY-10024%5C%2F1012170143-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F126-West-87-Street-New-York-NY-10024%5C%2F1012170143-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener">126 West 87th Street</a> hit the market, asking $8.75M (source: Streeteasy)

A townhouse at 126 West 87th Street hit the market, asking $8.75M (source: Streeteasy)

1. Billionaire financier George Soros predicts interest rates will spike over 2013 [CNBC]
2. But with rates still so low that even the wealthy are financing, low-ball appraisals are complicating deals [NYT]
3. Residential Capital to pay Fannie $298 million to end objection to business sale [Bloomberg]
4. Upper West Side wood-paneled townhouse popular with TV producers hits the market for the first time since 1981, asking $8.75 million [NYT]
5. Buildings owned by College Management —considered by public advocate Bill de Blasio to be NYC’s worst landlord — trade hands [Curbed]
6. Warren Buffett sees a housing rally [Bloomberg]
7. But Yale economist Robert Shiller says don’t count on recovery quite yet [Bloomberg]
8. A federation of labor unions push to break up JPMorgan [NYP]
9. With a restoration ahead, a peek inside the decaying Loew’s Kings Theater in Flatbush [Gothamist]
10. South Slope cafe attracts indie rock royalty [DNAinfo]

New York

Soros predicts interest rate spike in 2013, low-ball appraisals complicate deals … and more

A townhouse at <a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/126-West-87-Street-New-York-NY-10024/1012170143-0" target="_blank" data-address="126%20West%2087%20Street%2C%20New%20York" data-label="126%20West%2087th%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F126-West-87-Street-New-York-NY-10024%2F1012170143-0" data-bbl="1012170143" data-blockValue="01217" data-lotValue="0143" data-zipcode="10024" data-bldgArea="4%2C950" data-bldgDepth="55" data-bldgFront="18" data-landUse="1%20%26%202%20family%20buildings" data-lotArea="1%2C812" data-lotFront="18" data-lotDepth="100.67" data-retailArea="0" data-resArea="3%2C960" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="A4" data-primaryZoning="R7-2" data-commercialOverlay="" data-far="3.44" data-buildable="6%2C233" data-airRights="1%2C286" data-propertyNeighborhood="Upper%20West%20Side" data-latitude="40.7873828811718" data-longitude="-73.972819298394" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F126-West-87-Street-New-York-NY-10024%5C%2F1012170143-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F126-West-87-Street-New-York-NY-10024%5C%2F1012170143-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener">126 West 87th Street</a> hit the market, asking $8.75M (source: Streeteasy)

A townhouse at 126 West 87th Street hit the market, asking $8.75M (source: Streeteasy)

1. Billionaire financier George Soros predicts interest rates will spike over 2013 [CNBC]
2. But with rates still so low that even the wealthy are financing, low-ball appraisals are complicating deals [NYT]
3. Residential Capital to pay Fannie $298 million to end objection to business sale [Bloomberg]
4. Upper West Side wood-paneled townhouse popular with TV producers hits the market for the first time since 1981, asking $8.75 million [NYT]
5. Buildings owned by College Management —considered by public advocate Bill de Blasio to be NYC’s worst landlord — trade hands [Curbed]
6. Warren Buffett sees a housing rally [Bloomberg]
7. But Yale economist Robert Shiller says don’t count on recovery quite yet [Bloomberg]
8. A federation of labor unions push to break up JPMorgan [NYP]
9. With a restoration ahead, a peek inside the decaying Loew’s Kings Theater in Flatbush [Gothamist]
10. South Slope cafe attracts indie rock royalty [DNAinfo]