Morning Links: Fat Cats; Hip-Hop; Jets New Stadium; Flip-Flop on Flip Taxes

The bureaucrats at the Economic Development Corporation were doing more than their part, spending thousands on luxury travel. (NYDN) 

City agencies have sold the mortgage on a Bronx tower known as “the birthplace of hip-hop.” (NYT

Teacher’s retirement fund is in talks with Omnicom to lease a huge chunk of former Pfizer space (WSJ

Forest City announces closing of $85 million financing on Times Square property. (PR Newswire

Jets pledge to win championship with new $1.6 billion football palace. (NYT

Flip-flopping on flip taxes landing mostly on buyers. (NYT

Stuy Town auction set for Oct. 4. (Reuters

Colleges struggle with classic bargain-hunters’ dilemma: What to do with all that real estate they don’t really need? (AP