After being sold to a developer earlier this year, New York City's legendary Chelsea Hotel undergoes renovations, gutting the historic and artfully designed rooms and pushing long-time tenants out. In other news, retailers become cautious about consumer spending as the holidays set in, new research shows how the brain reacts differently to 'fake' art, and read about the latest Apple rumors.
Check out the headlines after the jump.
Warning: These Photos Of The Hotel Chelsea Are Really Depressing | Gothamist
Retailers Wary as Chill Sets In | WWD
Rumor Patrol: New iPhones, iPads, Apple TVs | Fast Company
Our brains respond differently to 'fake' art | Telegraph UK
Image: via Gothamist