Morning Wrap: 4/16/12

News and notes:

• One crew member died and four others remain missing at sea after strong waves swept them overboard during the Full Crew Farallones Race Saturday near the Farallon Islands. AP; The search for the missing was called off last night. Chronicle
• Daly City’s venerable Serra Bowl closes after 51 years. Chornicle
• Concern grows that Mayor Ed Lee’s controversial deal with California Pacific Medical Center to build a huge hospital on Cathedral Hill will undermine the city’s efforts to control health care costs. Chronicle
• Bay Area housing recovery: patchy at best. Mercury News
• There’s debate over whether Oakland’s Chinatown, where glitzy future high rises are being talked about, should go upscale. Chronicle
• Best Buy will close stores in East Palo Alto and Pittsburg. Mercury News