Dawn Wotapka

Why the Fannie Bet Faces Long Odds

blogs.wsj.com — By Nick Timiraos Hedge funds and other investors are betting on the recovery of Fannie Mae and Freddie Mac , but political analysts say that this investment faces long odds. Here's a primer on what has to happen for these investors to see their bets redeemed: What do investors see in Fannie and Freddie?

Silverstein to Start 82-Story Manhattan Tower in Late ’13

bloomberg.com — Developer Larry Silverstein said he plans to start building an 82-story hotel-and-condominium tower a block north of the World Trade Center site in lower Manhattan late this year, after getting a $660 million loan. The 926-foot (282-meter) tower, to be the tallest residential structure downtown, will house a 185-room Four Seasons hotel and 157 Four Seasons-branded luxury residences, Silverstein Properties Inc.

Hopes for a Second NYC Marathon

online.wsj.com — In a race between race organizers, two companies are each hoping to launch a spring marathon in New York City, one as soon as 2015. The marathons they envision are different. One would wind through the streets of Brooklyn, the other through Manhattan.

Manhattan StuyTown Tenants Face Rent Increases Up to 30%

bloomberg.com — The landlords of Stuyvesant Town-Peter Cooper Village, Manhattan 's largest apartment complex, are seeking rent increases of as much as 30 percent, asking tenants to start paying the higher rate in the middle of their leases or vacate their units.

Getting into the military is getting tougher

money.cnn.com — In a typical week, about 10 applicants will walk into a recruiting center in Bay Ridge, Brooklyn, hoping to enlist in the United States Army. Sergeant First Class Israel Herrera doesn't like to turn them away, but he often finds that six out of 10 simply don't measure up to military standards.

Locks of Love missing hair worth six million dollars, according to report

now.msn.com — One recent report from watchdog group Nonprofit investor concerned Locks of Love, the group that makes hairpieces for children who need wigs stemming from medical issues. Apparently the group should have had enough hair to produce over 2,000 hairpieces in 2011, but only managed to come up with 317, a production gap that amounts to something like $6 million dollars.