The Closing: Extell’s $700 M. Loan; Bed-Stuy, Race and Crime; Obama, Bush and 9/11


Obama and Bush will be in town for the 10th anniversary of 9/11. [NY Times]

SEE ALSO: Starwood Provides $42M CMBS Loan for Bed-Stuy Luxury Rental Property

One blogger argues that The New York Times is only interested in covering crime in Bed-Stuy if it involves young whites. [Brooklyn Ron]

Apartments at the sleek, new 41 Bond have had no trouble selling. [NY Daily News]

This guy knows the NYC restaurant business inside and out. [Crain’s]

Take a look at the new Madison Square Garden. [Journal]

Extell has secured a $700 million loan for what will be the tallest residential tower in NYC. [Crain’s]

Crown Heights will see some new residential development as well, albeit on a much smaller scale. [Brownstoner]

A Queens real estate broker was denied access to South America after his arrest based on fraud charges. [NY Post]

Thousands of commercial buildings will have to clean up their energy act come Monday. [Crain’s]

Another Harlem building gets a TCO. [The Real Deal]