–ABS Partners Real Estate and Benenson Funding have purchased the building housing the AMC Loews Theater on 3rd Avenue for $33 million. [Real Deal]
–There’s a deal to restore the 421a tax break, but will Albany do anything about spiraling property taxes? Essex Crossing developer Charlie Bendit is one of those weighing in on the situation. [Commercial Observer]
–Retail rents in New York are starting to drop as numerous spaces sit vacant. [New York Post]
–The Regional Plan Association has come out with a proposal to boost bus and train service in order to compensate for the looming shutdown of the L Train. [Streetsblog]
–Luis Arce Mota, owner of Norfolk Street Mexican restaurant La Contenta, talks about coping in the Trump era. He said: “Mexicans are used to having stupid, immoral presidents and mayors, but it’s deeply disappointing… One of my waitresses started crying when the results came through. She’s only 23, and for her, she doesn’t know what’s going to happen.” [Grub Street]
–A guy got punched in the face on Essex Street for yelling Donald Trump’s name. [DNA Info]
–There was a ribbon cutting to celebrate the return of the Astor Place Cube. [EV Grieve]
