The Closing: Floating Pools; Rent Regs Extension; Park Slope Madness


Lehman Bros. acquires Broadway hotel. [Real Estate Weekly]

SEE ALSO: Goldman Sachs Gives Blackstone $215M CMBS Loan for Maui Resort Buy

In the meantime, Lehman Bros. is also struggling to make use of investment trust Archstone. [The Real Deal]

Housing starts spiked in May to highest rate this year. [The Real Deal]

But U.S. mortgage debt holds steady. [The Real Deal]

Rent regulations weren’t expired for long; they just got an expected extension. [Crain’s]

Park Slope home that sold for $475,000 in February is now on the market for $1.4 million. [Curbed NY]

Don’t like the East River water? Then swim in the pool that could soon be floating on top of it. [Curbed NY]

Want to live in a clock tower? It’ll only cost you $50,000 a month! [NY Post]

Millions of homes remain in foreclosure, though the number of filings is dropping. [Journal]

Verizon’s Brooklyn poles might be illegal. [Brooklyn Paper]

Solar power could be the future for N.Y.C. [NY Times]

Meet us in Montauk—four hotels there are on the market. [Curbed Hamptons]

Carroll Gardens residential project brought back to life. [Crain’s]

Housing code violations have joined the rest of 21st century—they’re now in a convenient database online. [Crain’s]

Macy’s and unions look to strike a deal to avoid a strike. [Crain’s]