The Round-Up: Thursday

Business owners in Willets Point filed a federal lawsuit against the city on Wednesday. [NY Times] Sign Up For Our

Business owners in Willets Point filed a federal lawsuit against the city on Wednesday. [NY Times]

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With his six-figure scullery and other "subtly showy kitchens," designer Christopher Peacock has become a brand in his own right. [NY Times]

The annual Kitchen and Bath Trade Association show opens in Chicago, as spending on kitchens at all price points is flattening. [NY Times]

Through "sheer chutzpah" a Brooklyn Heights woman gives her kitchen a full makeover for $10,600. [NY Times]

In the past couple of weeks a trade dispute with China has sent the cost of wire hangers skyrocketing, and left the city’s dry cleaning industry reeling. [NY Post]

The Port Authority will be looking for an operator for the observation deck of the World Trade Center soon. [NY Post]

The MTA chief warns subway passengers that they will be forced to front the costs of its capital program through fare hikes if another funding source is not secured. [NY Post]

Gimme Shelter: A hedge fund manager who bet big on sub-prime buys developer Rodney Propp’s Old Trees estate in Southampton; Giselle Bundchen takes her $10.9 million West Village penthouse off the market. [NY Post]

Report: Manhattan office rents increased during the first quarter of 2008, despite slow market growth. [Crain’s]

Off Track Betting is still slated for a shutdown unless Albany intervenes to rejig the parlor’s funding formula. [NYDN]

The financing market may have hit its lowest point in 20 years. [NY Sun]

West 8th Street’s transformation from a distressed retail corridor to a culinary hot spot is imminent. [NY Sun]

The Manhattan Borough President and Upper West Side residents criticized the Department of Buildings for failing to properly police the Park West Village construction site and prevent an accident there last July. [NY Sun]

The Round-Up: Thursday