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Tuesday's Headlines August 2, 2011

Tuesday's Headlines

August 2, 2011

NY Times

Housing Deal Ensures Park in Brooklyn Will Expand
After months of uncertainty over the fate of the popular Brooklyn Bridge Park, city and state officials plan to sign an agreement on Tuesday that would allow limited private housing to be built there, to help pay an expected annual operating cost of $16 million


The RED Wrap: Miracle on the waterfront
In a (vastly) smaller-scale version of Sunday's Great Budget Solution in Washington, D.C., New York City and state officials on Tuesday will officially announce they've found a way to finish the decades-in-the-making Brooklyn Bridge Park.

TIAA-Cref sniffing at Fifth Avenue office property
Buying 475 Fifth Ave., across from New York Public Library's flagship, would be retirement giant's second purchase of an empty or nearly empty building in a year.

NY Post

... So 1, Washington should change the rules so that people can invest their
retirement funds in real estate. Giving tax advantages ...


Notes From the A Train
Since departing Massey Knakal as one of its principals earlier this year, Shimon Shkury has been president of Ariel Property Advisors, where he has aggressively focused on Upper Manhattan properties. Mr. Shkury, 40, spoke to The Observer about the neighborhood’s umpteenth renaissance, an uptick in development sales and multifamily financing.

On the Market: Damon Dash Cashes Out; Hockey for Brooklyn?; Motorino Cooked by Sinking Building

Law Journal

Wagreich v. Recino

Wall Street Journal

Work Stoppage at WTC
Hundreds of unionized concrete workers refused to work Monday at the World Trade Center and a smattering of other sites, setting the stage for a possible strike in the coming days.

Foreclosed Homes Cited for Violations
Foreclosed homes and buildings in New York City have thousands of pending building code violations despite a state law requiring banks and lenders to maintain them, said a state Senate report released Monday

Drug Maker Goes Down the Road
Danish insulin producer Novo Nordisk S/A will move its North American headquarters and about 1,200 jobs to a two-building complex in Plainsboro, N.J., relocating from its current location about three miles away in Princeton

Saudi Set for World's Tallest Tower
RIYADH—Saudi Arabia's Kingdom Holding Co., run by billionaire Prince Alwaleed bin Talal, said Tuesday its associate firm Jeddah Economic Co. had signed a 4.6 billion Saudi riyal ($1.23 billion) deal with the Bin Laden Group to build the world's tallest tower in Jeddah

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