The Closing: 70 Pine Deal; Mortgage Defaults Down; Duane Reade Cannot Be Stopped

70 Pine sells for $205 million two days after it becomes a landmark. [Crain's]

Mortgage default among U.S. homeowners is going down. [Journal]

Fire at Courtney Love’s! [NY Post]

Bernanke discusses the housing sector’s importance to overall economic recovery. [Journal]

Steakhouse to replace Carmine’s on the South Street Seaport. [DNAinfo]

Crown Heights condo complex rebranded and reopened for sale. [Crain's]

Midtown-based Blu Realty Group is expanding to the Upper West Side. [The Real Deal]

Africa Israel to sell luxury apartment tower in Tribeca for a reported $222 million. [Bloomberg]

Barclays Capital is looking to expand its commercial-mortgage-backed-securities operations. [Crain's]

Protestors want charter school out of Sunset Park High School. [Brooklyn Eagle]

Duane Reade is taking over the 70s—once its Broadway and 76th Street location opens, there will be one of the drugstores every two blocks from 70th to 79th Streets. [West Side Rag]