Bloomberg will reduce the number of parking permits issued to city employees by 20 percent. [NY Times]

Port Authority is expected to halve the proposed fare increase for PATH trains on Friday. [NY Times]  

State Street Corp. is sued over pension fund losses tied to mortgage securities. [NY Times] 

Brooklyn housing market sees modest gains in 2007. [NY Post]

City taps firm to develop Steeplechase Plaza in Coney Island. [NYDN] 

"Large, agressive" rats living in shrubs around Borough Hall in Brooklyn. [NYDN] 

Rome-born restauranteur opens his fourth Italian eatery on Upper East Side. [NY Sun] 

Landmarks Preservation Commission refusing to give developer the green light on Bond Street condo. [NY Sun]  

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