122408viridian.jpgDoesn't your heart just bleed for the luckless developers who saturated our fair city with luxury condos on the eve of this catastrophic economic collapse? Despite a concerted effort by brokers to manufacture the illusion that they're making sales, industry insiders tell The Real Deal that "little or no sales activity has taken place since the fall of Lehman Brothers in September." One top dog at a residential brokerage firm says "sales of condominiums in buildings which are not in final stages of completion of units are far and few," and at least 10% of scheduled closings are falling through because of purchasers' inability to secure mortgage financing. And some buildings, like Magic Johnson's nearly-complete Viridian monstrosity in Greenpoint (pictured), are switching to rental. But really, shouldn't they all just skip the formality and go straight to squat?