Algonquin Hotel to undergo four-month renovation, housing prices in NYC exceed peak relative to median income … and more

Algonquin Hotel

1. Algonquin’s new ownership, Cornerstone, to close hotel for renovations starting in January
[Crain’s]
2. Brooklyn building collapse claims one life, as workers poured concrete from top down
[NYT]
3. Consumer Financial Protection Bureau seeks ways to simplify mortgage documents
[WSJ]
4. Housing prices in NYC, LA, Boston are higher than peak — relative to median income
[NYT]
5. Queens landlord slays tenant, self with machete after rent dispute
[Post]
6. Bleecker Tower owners find privacy despite floor-to-ceiling windows
[WSJ]
7. Sales are rising in hard-hit U.S. cities thanks to wealthy buyers purchasing second homes
[NYT]
8. Another report finds NYC as top destination for commercial real estate investment
[NYDN]
9. More U.S. housing markets are showing improvement, Texas markets are a bright spot
[WSJ]
10. A financial planner details how he got sucked into the boom and eventually lost his home
[NYT]
11. Queens non-profit Hour Children builds affordable housing in LIC for women leaving prison
[NYDN]
12. A list of the unheralded expenses to keep in mind as you purchase a home
[NYT]