The (Big) Round-Up: Monday
In a sign of worse to come, home prices in New York are finally starting to drop. Some predict the fallout could be worse than when the "real estate bubble" burst in the eighties. [NY Times]
Who pays the most property taxes? Not Ron Perelman and Rupert Murdoch. The same provisions created to protect middle-class homeowners in the Bronx or co-op dwellers in Queens, has ended up cusioning billionaire buyers of Upper East Side townhouses and co-ops. [NY Times]
The Hunt: Armed with a traditional feng-shui compass, an interior decorator searches the city for a condo. [NY Times]
Living In: South Williamsburg has resisted the wave of gentrification sweeping the northern side of the neighborhood, but changes are afoot in the "warehouse wonderland." [NY Times]
Mayor Bloomberg and other city officials may oppose rezoning on North and South plots of the Jacob Javits Center, throwing a possible spanner into Governor Spitzer's plan to build $900 million of middle-income housing. [NY Times]
New York's steakhouses remain the favorite pick for power lunches, despite economic slump. [NY Post]
Price cuts at two Plaza condos signal weakness in Manhattan's luxury market. [WSJ Online]
Con Ed stands to make almost $70 million from sale of 21-acre parcel in Astoria. [NYDN]
University of Pennsylvania researchers leading $100,000 restoration project at the terrazzo of the New York Fair Grounds. [NYDN]
New York's restaurant industry expects to "feel the love" on Valentine's Day. [NY Sun]
