Ross

According to prospective mayoral candidate John Catsimatidis, running for mayor as a Democrat-turned-Republican (like Mike Bloomberg did) works, but running for President as an independent (like Mike Bloomberg may) probably doesn't.

"On a national basis, if Mr. Bloomberg wants to run, the one thing he has to overcome that I don't have to overcome -- lets say he has to spend three, four, five hundred million dollars on his own, he's capable of spending. And lets say he gets good name recognition, and people actually like him and people vote for him, and lets say he splits up the vote three ways, 33, 33, 33. If [Ross] Perot got 19 [percent], I'm sure Mike Bloomberg is capable of getting 33.

"But if nobody gets 270 electoral electoral votes, and it goes to the House of Representatives, there's no independents in the House of Representatives. How do you become president?"

-- Azi Paybarah

• New towers for near Farley Post Office.
[NY Post]
• Wall Street's subprime retreat hurts homebuyers.
[NY Post]
• The Coffee Shop reopens after city's shuttering.
[NY Post]
• More on city closing restaurants post-rats scare.
[NY Times]
• A tribute to late owner of Sardi's.
[NY Times]
• Companies paying big for great city views.
[NY Times]
• NBC cuts deal to keep jobs in New York.
[NY Times]
• New law would close landmarks loophole.
[NY Sun]
• Related's Ross: Real estate at "best moment" in U.S. history.
[NY Sun]
• Merrill Lynch mulls options in lower Manhattan.
[WSJ]

Did we miss any New York City real estate news this morning? Please send along tips and links.

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• Meeting of the memorial, trade center transit hub.
[NY Times]
• One-third of City Council oppose mayor's 421-a plan.
[NY Times]
• SL Green won't raise its offer for Reckson.
[NY Times]
• Commercial real estate contributes to city surplus.
[NY Post]
• City Council caps property-tax increases.
[NY Post]
• Pataki, Spitzer back plans to close hospitals.
[NY Post]
• Soho-like sheen coating 14th Street.
[NY Post]
• Condo sale sets Harlem price record. [last item]
[NY Post]
• Related's Ross: Alternative Moynihan plan may get '08 start.
[NY Sun]
• Some developers turn focus toward rentals.
[NY Sun]
• Single-family homeowners to save on '06 property taxes.
[NY Sun]
• Facade upkeep costs co-op, condo owners.
[NY Sun]
• Manhattan under-retailed, developers say.
[GlobeSt]
• Feds: Home prices rise slowly in third quarter.
[CNN/Money]

Did we miss any New York City real estate news this morning? Please send along tips and links.

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The National Latino Officers Association jumped into the fray over the Bronx Terminal Market today, sending letters to Eliot Spitzer and even Alberto Gonzales to investigate the “conflicts of interest, favoritism, no-bid contracts, and general ethical breaches” that led the city to support Steve Ross (pictured) in building a shopping mall where currently 23 or so vendors sell ethnic produce and groceries to bodegas and individuals. This is a twisted story we’d rather not get into but we couldn’t help noticing the unusually personal tone Related’s spokesman, Frank Marino, took in a printed response: “It’s sad how far some people will go to protect their own selfish interests and deny the Bronx the opportunity of thousands of new jobs and the replacement of an eyesore with a vibrant new retail center.” Marino also calls the vendors “small merchants.” The merchants themselves say together they employ 700.  read more »

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