Atlantic City’s Trump Entertainment Resorts has until Jan. 21 to restructure its debt after missing a $53 million payment on Dec. 1. [Bloomberg via GlobeSt]
In a year when eco-friendly development triumphed, a look back at the top green building stories of the year. [CoStar via TRD]
With long-term bond sales down Read More
Now that 2008 is officially over, it seems we have no choice but to turn bravely around, slowly open our eyes, and cringe at the slow, sad decline of the music industry. There were a few bright spots, yes. Lil Wayne—a guy who’s made a career out of releasing his music for free—still managed to Read More
Federal Railroad Administration approves plan to replace the ancient Portal Bridge over the Hackensack River—currently one of the worst bottlenecks in the Northeast railway system. [NY Times]
Connecticut Bank accused of funneling accounts into Madoff’s pockets without its customers’ knowledge. [NY Times]
Citigroup execs to go without 2008 bonuses. [NY Times] Read More
While the majority of their peers are content to perform in jeans and tees surrounded by little more than effects pedals, Apes and Androids would rather dish out their manic glam rock wearing wife-beaters, bandanas and full-color face paint while a giant papier-mâché monster looms overhead and the band’s friends—all clad in zombie makeup—do Read More
Stymied by the economy, state and local housing finance agencies are struggling to find buyers for $30 billion worth of bonds. [Bond Buyer]
Many states are making it tougher to become a mortgage broker by instituting hurdles such as background checks and ethics training courses. [NY Times]
Now that its developers have Read More
Is it just us, or is it only in Iceland that it’s possible to imagine artists taking it upon themselves to single-handedly save the national economy? Billboard.com is reporting that super-human Icelandic pop-star, Bjork, has partnered with a Reykjavik venture capital outfit to fund sustainable businesses—all in an effort to prop up the country’s Read More
Midtown businesses haven’t seen a renter’s market this good in 20 years. [NY Times]
The $400 property tax rebates are in the mail… finally. [NY Times]
When the city suspended Park Slope’s alternate-side parking regulations it had no affect on the area’s traffic and parking patterns. [NY Times]
What $150,000 Read More
With the retail vacancy rate expected to hit 12.7 percent by the third quarter of 2009, things are not looking good for mall owners next year. [WSJ]
Casino magnate flips a three-bedroom, 38th-floor apartment at 15 CPW for $27 million—twice the original cost. [TRD]
In the first installment of the Fifth Annual Read More
MTA now considering four plans to close its $1.2 billion budget gab—two that would raise tolls by 23 percent and two that would raise them by 8 percent. [NY Times]
Current and one-time residents of Ocean Hill-Brownsville—a once heavily Italian area of Brooklyn—band together to save a treasured Catholic church from demolition. [NY Read More
The national home price index continues to fall, with a 17.4 percent year-to-year drop in September and an 18.2 percent drop predicted for October. [WSJ]
A record 47 million tourists visited NYC this year, spending $30 billion. [City Room]
In its first round of Streetsie Awards, Streets Blog hands out the honors Read More
