Getting Your Start on Friday

News from Friday's papers and blogs now posted . . .

  • Replace a library with another library.  Underneath a tower.  That could and should mean big development money for the Brookly Public Library.  Friday’s Wall Street Journal has the details on “the seven developers selected as finalists for the Brooklyn Heights project on Cadman Plaza,” which would “and provide a ‘substantial’ amount of capital funding for other branches.”
  • Also in the WSJ, everything you wanted to know about “Broadway spillover,” better known as the real estate mix on Lafayette St., HERE.
  • Crain’s New York Business has the details on Mayor Mike Bloomberg’s announcement today that the city will sell off 49-51 Chambers St., HERE. The article includes the lowdown on the other big city sale Thursday, 346 Broadway, the Peebles Corp. Commercial Real Estate Direct has the details on how Deutsche Bank will finance the Chambers St. deal for buyer Chetrit Group, HERE.
  • Also on CREnews.com, the Mortgage Bankers Association said that U.S. mortgages increased during the third quarter $25.5 billion, or 1% from the second quarter, to $2.47 trillion.
  • State Sen. Bill Perkins opposes the National Urban League’s headquarters move into Harlem.  So he didn’t get invited to a meeting of Harlem boldface names that was supposed to rally support for the project.  But Perkins is still miffed.  In Friday’s Daily News.
  • The New York Post has an article on how making developers aspire to “Leonard.”  You’ll have to read it, HERE.
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