–NYCHA’s embattled chair, Shola Olatoye, is stepping down. [New York Times]
–HSBC has lent CitizenM $82.5 million to refinance its new hotel at 189 Bowery. The 20-story hotel is scheduled to open this summer. [Commercial Observer]
–Lobbyist James Capalino has agreed to a $40,000 settlement with the state’s ethics panel, in connection with his involvement in the mayor’s shuttered non-profit. One of the issues that came up during the panel’s investigation is Rivington House, the former Lower East Side nursing home. [Times Union]
–Following news of the Capalino settlement, the Daily News editorial board writes, “The mayor skates yet again… Someone, please, hold the man who put the “for sale” sign on City Hall accountable.” [Daily News]
–Suraj Patel has now raked in $1.1 million to challenge U.S. Rep. Carolyn Maloney, who represents sections of the Lower East Side. [Washington Post]
–Producer/actor Nev Schulman opens a combo matcha bar/art gallery on the Bowery. [Page Six]
