On the Market: Demolition Begins at 5Pointz; Greenpoint Cafe Jacks Up $7 Latte to $10; REIT Conversion May Soon Be Much Harder

High rents make these counties the hardest places for the poor to live. [AC]
Washington Heights library re-opens after $12.4 M. renovation, earns raves from residents. [DNAinfo]
Mega firms like Lower Manhattan more than any other neighborhood. [Crain's]
New York’s residential building permits shot up 19 percent in 2012. [TRD]
Demolition begins at 5Pointz. [QueensStoner]
Spike Lee fears New York will lose its heart and soul if only millionaires like him can afford it. [NYM]
The Gracie Mansion attic: chef’s quarters, playroom, home gym, storage space and now…? [NYT]
That crazy $7 latte you keep hearing about? Now it costs $10. [BrooklynBased]
Developers not concerned about ghosts, potentially haunted development sites. [Post]
Pastis, which hastened the transformation of the Meatpacking District, closes for repairs. [Gothamist]
Chetrit Group wins approval to demolish buildings on $31.5 M. Penn Plaza site. [TRD]
New law could make it much harder for companies to score tax breaks by converting to REITs. [Crain's]