••• “A robber, claiming he was armed, made off with $3,000 from the Capitol One Bank at 90 West Broadway last week […] Police, who say they are reviewing surveillance video from the bank, gave no description of the perpetrator other than he was a male wearing gloves.” —Tribeca Trib

••• “Amid an unusually heated debate over whether to commit more than $1 billion to back the building of a new World Trade Center tower, the agency puts off a vote to May. One director calls the postponement a way of ‘gently’ putting the proposal ‘to eternal sleep.'” —Crain’s

••• “CIT Real Estate Finance provided a $25 million land loan on two non-contiguous retail buildings at 23 and 31 Park Row […] both former J&R Music and Computer World stores. The three-year financing was provided to a joint venture between J&R co-founder Rachelle Friedman and prolific multifamily developer L+M Development Partners. L+M, co-founded by Ron Moelis, acquired its stake in the two buildings for $36.2 million on April 10 [….] The land loan allows the borrowers to do residential construction and the J.V. partners may look to redevelop the Park Row buildings to include rental apartments or condominium units, a person familiar with the transaction said on the condition of anonymity.” This is the Beekman corner. —Commercial Observer UPDATE: “This is not the Beekman Place site (the old Camera building),” said Dev in a comment. “These are the 2 other J&R buildings (Music and TV buildings) that surround the hardware store.”

••• Bank of New York Mellon is selling the spectacular 1 Wall Street, and it could become residential. I toured it a while back. —Wall Street Journal

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