The Afternoon Wrap: Tuesday

With the retail vacancy rate expected to hit 12.7 percent by the third quarter of 2009, things are not looking good for mall owners next year. [WSJ]

Casino magnate flips a three-bedroom, 38th-floor apartment at 15 CPW for $27 million—twice the original cost. [Curbed]

In the first installment of the Fifth Annual Curbed Awards, West 19th Street between 10th and 11th avenues wins “Block of the Year.” [Curbed]

"Chalk up another victim for the crashing real estate market: the easy divorce." [NY Times]

The Khim’s mini-market empire expands to Driggs Avenue and North 11th in Williamsburg. [Gowanus Lounge]

Willets Point property owners meet with attorneys from the Institute of Justice to form a new group, Willets Point United Against Eminent Domain. [Queens Crap]

Whatever happened to 708 First Avenue? [EVG]

Jersey City Mayor Jerramiah Healy proposes ordinances to promote green development in the city. [GlobeSt]

Kim’s extensive video collection headed to Sicily?! [VNY via BoweryBoogie]

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