The Afternoon Wrap: Monday

Private equity firm sues Kent Swig, alleging $39 million in loan defaults and fraudulent claims about Sheffield57 stake. [TRD]

Sign of the times, big-time: Two Plaza condos listed for below purchase prices. [TRD]

Mmmm… Boulud. Daniel will host beer-pairing dinners later this month. [Eater]

The Four Seasons Restaurant turns 50, offers menus like it’s 1959. [Eater]

A rundown of the slowdown on Rudin and St. Vincent’s O’Toole building plans in the West Village. [Architect’s Newspaper]

Bob Knakal on the “healthiest segment” of the investment sales market today and other early ’09 realities. [Massey Knakal Reel]

Report: Of the 1.3 million city residents who earn $13 per hour or less, almost one in seven work in retail. [Gotham Gazette]

Heliport on far West 30th Street starting to really irk Upper West Siders. [CityRoom]

These guys will get you ripped tonight. [NY Times]

“Our so-called ‘investment’ has kept us house-poor and chronically overwhelmed for what we laughingly call the ‘prime’ of our lives. And unless someone gives us, oh, say, half a million dollars, it will never get any better. Needless to say, we love this pile of wretched wood and pipes with a passion so tender that to gaze upon it sometimes brings tears to our eyes, at least until a piece of woodwork or roofing falls off in plain sight.” [Brownstoner]

Count it! Madison Square Park wins 2008 Curbed Cup. Carry on. [Curbed]

The Afternoon Wrap: Monday