More Weekend Wrapup: China and Bank of America

  • Posted at 1:30, November 10, 2013 Updated: 1:36, Nov 10
  • By Russ Bleemer
Javits10n 14 web

More weekend news:

Must reading on bad development:  the Chinese are resettling farmers and putting them in new communities.  That breeds a whole host of current and potential social problems.  But notwithstanding the urbanization plan itself, the problems are led by and traceable to poor development planning and execution—a brand new housing stock that looks like a future urban slum.  Today’s front page feature in the New York Times, here.

The U.S. Justice Department wants $864 million from Bank of America for its bad Countrywide mortgages—and it also is targeting a former midlevel executive, now at JP Morgan Chase, for the money.  Reuters has the details

Five blocks of surprising new green in midtown:  The Daily News has an exclusive on the grass growing on the Javitz Center roof—six times the size of Bryant Park. See the pictures above and below, and the full story here

NYC PAPERS OUT. Social media use restricted to low res file max 184 x 128 pixels and 72 dpi


Big law firm Jones Day agreed yesterday to move to 330,000 square feet in 4 Brookfield Place on Rector Street downtown, from its Grand Central district location, according to the New York Post.

CBS Money Watch Top 10 take on the PWC/Urban Land Institute report we posted Thursday is the site’s lead story now, here.

And ICYMI early this week, Bloomberg pinned down Google’s big lease deals nationwide, and has a big section on NYC, here.



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