The Closing: World Trade Center Retail; JPMorgan Comeuppance

Westfield is interested in developing retail space at the World Trade Center towers. [Crain’s]

One Brooklyn Bridge Park is on its way to securing deals with retail tenants. [The Real Deal]

MetLife could become a bigger player in the “disastrous” reverse-mortgage market. [Crain’s via Bloomberg]

Architect who submitted the winning proposal for the rebuilding of the World Trade Center site will receive an award tonight. [Crain’s]

JPMorgan Chase agreed to pay $153.6 million in a settlement over accusations that it misled investors before the housing collapse. [Journal]

Oh, what a tangled web the mortgage market is: a former Brooklyn-based real estate attorney is headed to prison for fraud because of a scheme in which he represented banks, buyers and sellers all at the same time. [The Real Deal]

Port Authority of NY and NJ can be sued over 9/11 tower collapse. [Reuters]

Williamsburg condo complex approved for Fannie Mae financing. [The Real Deal]

Turtle Bay condo developers are suing lawyers for giving bad advice. [The Real Deal]

Are gay marriage and rent regulations linked? [NY Post]


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