At least $107 billion worth of commercial property in New York is in financial trouble or headed that way, according to a report by a local research firm. [NY Times]

Now with the backing of the U.S. Department of Transportation, Bloomberg and other local leaders move toward the construction of a high-speed rail line between NYC and Washington, D.C. [nyc.gov]

While everybody is having trouble getting a home loan these days, it’s the self-employed that may be suffering the most. [NY1]

St. Vincent’s proposal for a new 299-foot-tall hospital in the Greenwich Village Historic District sparks serious controversy at today’s Landmarks Preservation Commission meeting. [City Room]

Businesses go bust on Avenue B. [Curbed]

We knew Brooklyn had gotten richer, more educated and overrun with babies, and now we’ve got the data to back it up. [Curbed]

Extell’s 20-story tower at 535 West End Avenue is among the few lucky residential developments still managing to find construction financing. [TRD]

Manhattan woman arrested for scamming apartment hunters with newspaper ads for cheap rents at nonexistent properties. [NY Post via TRD]

High-end Hamptons clothing store Blue & Cream doesn’t know CBGB became a John Varvatos boutique. [VNY via BoweryBoogie]

Bicycle clowns take on the Hasids as Williamsburg’s bike-lane brawl heats up. [Gowanus Lounge]

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