City could receive $500 million in federal funds for congestion pricing today. [NY Times]

Merrill Lynch may be headed to midtown. [NY Sun]

Dollie Lenz says that high-end properties are not immune to mortgage troubles. [CNBC]

Upper East Side staple Gardenia can not compete with rising rents. [NY Times]

All eyes are on 11 Times Square as sub-prime loan debacle continues. [NY Post]

Simon Oren’s restaurant Charolais is having a bumpy beginning. [NY Post]

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