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	<title>Observer &#187; The Closing: Bummed Gehry Renters; Another Lehman Sale; Dumpster Pools Trashed</title>
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		<title>Observer &#187; The Closing: Bummed Gehry Renters; Another Lehman Sale; Dumpster Pools Trashed</title>
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		<title>The Closing: Bummed Gehry Renters; Another Lehman Sale; Dumpster Pools Trashed</title>

		<comments>http://observer.com/2011/06/the-closing-bummed-gehry-renters-another-lehman-sale-dumpster-pools-trashed/#comments</comments>
		<pubDate>Thu, 30 Jun 2011 17:48:38 -0400</pubDate>
					<link>http://observer.com/2011/06/the-closing-bummed-gehry-renters-another-lehman-sale-dumpster-pools-trashed/</link>
			<dc:creator>Pamela Engel</dc:creator>
				
		<guid isPermaLink="false">http://www.observer.com/?p=164524</guid>
		<description><![CDATA[<p>It's official—the property tax cap bill is now law. <a href="http://therealdeal.com/newyork/articles/governor-andrew-cuomo-signs-property-tax-cap-bill-into-law">[The Real Deal]</a></p>
<p>Tourists can still find some illegal hotels in the city. <a href="http://www.chelseanow.com/articles/2011/06/29/news//doc4e0b6602df3ad384592074.txt">[Chelsea Now]</a></p>
<p>Mickey Rourke is settling into a West Village townhouse, giving up his loft in the meatpacking district. <a href="http://therealdeal.com/newyork/articles/actor-mickey-rourke-rents-50-morton-street-duplex-that-once-belonged-to-beatrice-inn-owner-elsie-cardia">[The Real Deal]</a></p>
<p>Lehman Brothers sells off second International Toy Center building. <a href="http://blogs.wsj.com/metropolis/2011/06/29/with-second-sale-lehman-set-to-exit-toy-center/">[Journal]</a></p>
<p>Larry Bogdanow, founder of Bogdanow Partners Architects, dies of a brain tumor at age 64. <a href="http://www.nytimes.com/2011/06/30/dining/larry-bogdanow-architect-dies-at-64.html?_r=2&amp;smid=tw-nytimesdining&amp;seid=auto">[NY Times]</a></p>
<p>The Cheshire Group purchases apartments at 1327-1329 Lexington for $105 million in an all-cash deal. <a href="http://therealdeal.com/newyork/articles/cheshire-group-president-susan-hewitt-lands-1327-1329-lexington-avenue-from-seller-rhinelander-properties-for-105m">[The Real Deal]</a></p>
<p>No more Dumpster pools at this year's Summer Streets. <a href="http://bestplaces.nydailynews.com/voyeur/summer-streets-coming-back-%E2%80%93-sans-dumpster-pools">[NY Daily News]</a></p>
<p><!--more--></p>
<p>Former mortgage company chairman Lee Farkas gets 30 years in prison for fraud. <a href="http://online.wsj.com/article/SB10001424052702304450604576417790657110446.html?mod=WSJ_hp_LEFTWhatsNewsCollection">[Journal]</a></p>
<p>Talks continue as unions are down to the wire with expiring contracts. <a href="http://www.crainsnewyork.com/article/20110630/REAL_ESTATE/110639994">[Crain's]</a></p>
<p>New York by Gehry renters are disappointed; not living as luxuriously as they would like. <a href="http://ny.curbed.com/archives/2011/06/30/new_york_by_gehry_renters_still_have_to_live_like_normal_people.php">[Curbed NY]</a></p>
<p>American Folk Art Museum is moving back to its original home in Lincoln Square. <a href="http://www.crainsnewyork.com/article/20110630/FREE/110639993">[Crain's]</a></p>
]]></description>
		<content:encoded><![CDATA[<p>It's official—the property tax cap bill is now law. <a href="http://therealdeal.com/newyork/articles/governor-andrew-cuomo-signs-property-tax-cap-bill-into-law">[The Real Deal]</a></p>
<p>Tourists can still find some illegal hotels in the city. <a href="http://www.chelseanow.com/articles/2011/06/29/news//doc4e0b6602df3ad384592074.txt">[Chelsea Now]</a></p>
<p>Mickey Rourke is settling into a West Village townhouse, giving up his loft in the meatpacking district. <a href="http://therealdeal.com/newyork/articles/actor-mickey-rourke-rents-50-morton-street-duplex-that-once-belonged-to-beatrice-inn-owner-elsie-cardia">[The Real Deal]</a></p>
<p>Lehman Brothers sells off second International Toy Center building. <a href="http://blogs.wsj.com/metropolis/2011/06/29/with-second-sale-lehman-set-to-exit-toy-center/">[Journal]</a></p>
<p>Larry Bogdanow, founder of Bogdanow Partners Architects, dies of a brain tumor at age 64. <a href="http://www.nytimes.com/2011/06/30/dining/larry-bogdanow-architect-dies-at-64.html?_r=2&amp;smid=tw-nytimesdining&amp;seid=auto">[NY Times]</a></p>
<p>The Cheshire Group purchases apartments at 1327-1329 Lexington for $105 million in an all-cash deal. <a href="http://therealdeal.com/newyork/articles/cheshire-group-president-susan-hewitt-lands-1327-1329-lexington-avenue-from-seller-rhinelander-properties-for-105m">[The Real Deal]</a></p>
<p>No more Dumpster pools at this year's Summer Streets. <a href="http://bestplaces.nydailynews.com/voyeur/summer-streets-coming-back-%E2%80%93-sans-dumpster-pools">[NY Daily News]</a></p>
<p><!--more--></p>
<p>Former mortgage company chairman Lee Farkas gets 30 years in prison for fraud. <a href="http://online.wsj.com/article/SB10001424052702304450604576417790657110446.html?mod=WSJ_hp_LEFTWhatsNewsCollection">[Journal]</a></p>
<p>Talks continue as unions are down to the wire with expiring contracts. <a href="http://www.crainsnewyork.com/article/20110630/REAL_ESTATE/110639994">[Crain's]</a></p>
<p>New York by Gehry renters are disappointed; not living as luxuriously as they would like. <a href="http://ny.curbed.com/archives/2011/06/30/new_york_by_gehry_renters_still_have_to_live_like_normal_people.php">[Curbed NY]</a></p>
<p>American Folk Art Museum is moving back to its original home in Lincoln Square. <a href="http://www.crainsnewyork.com/article/20110630/FREE/110639993">[Crain's]</a></p>
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