The Afternoon Wrap: Friday

As the economy tanks, the bankruptcy business booms. [City Room]

Thirty-room hotel with high-end design courtesy of Lang Architecture coming to Brooklyn… East New York, to be exact. [Curbed]

Greenpoint’s CB1 approves Ismael Leyva’s 40-story waterfront tower without a peep of protest from the community. [Curbed]

Eve Weinstein, Harvey’s ex-wife, puts her four-bedroom apartment at 1133 Fifth Avenue on the market for $13.5 million; Gossip Girl’s Michelle Hurd and husband, actor Garret Dillahunt, grab a $1.35 million condo at Battery Park City’s Riverhouse. [Cityfile]

As the nationwide foreclosure rate jumps to 2.97 percent—a 76 percent increase from last year—a record one in 10 Americans are either behind on their mortgage payments are in foreclosure. [CNN Money via TRD]

City to begin massive reconstruction of the five-way intersection at Chinatown’s Chatham Square in just seven months, and residents are not happy. [TRD]

OSHA review reveals startling rise in NYC construction fatalities. [Queens Crap]

Transportation Alternatives gets tentative community support for a Prospect Park “road diet.” [Streets Blog]

The Bari family to sell the eight-building portfolio they've owned on the Bowery sinced the 1940s. [EVG via BoweryBoogie]

Merrill Lynch shareholders vote to approve its acquisition by Bank of America, a deal OK'ed by the Federal Reserve on Monday. [GlobeSt]