Report: NY housing market to bottom out at two-thirds the height of the peak. [WSJ]

With a tenant bailing, Boston Properties puts the brakes on 55th Street tower. [WSJ and Crain's]

Empire falls: The ballad of Sam Zell. [NY Times]

Priced out of St. Marks, Kim's hightails it to Sicily. [NY Times]

Co-ops, not condos, turn out to be the smart move in a recession. [NY Times]

Next time you're running out for lunch on Madison between 38th and 41st, look up. [NY Times]

On the Net, a broker's nightmare. [NY Times]

Astor co-op as cause, effect of busted bubble. [NY Times]

Merrill may or may not renew World Financial Center lease. [GlobeSt]

For his own house, Mr. Vila avoids the fixer uppers. [NY Times]

Mob wants to put school buses in old lot, take dirty business elsewhere. [NYDN]

City proposal would make waterfront more fun. [NYDN]

REBNY says it's time for 421-a. [NYDN]

Thanks, honey: Corporate bosses give property to wives. [NY Post]

Which is worse off: NYC or London? [Crain's]

Advocates want to replace horse carriages with... antique cars? [NY Post]

M.T.A. keeping a closer eye on crime-ridden Brooklyn bus routes. [NY Post]

It's shovel-ready! Ratner and Markowitz pitch Atlantic Yards to Washington. [NY Post]

Fifth Avenue not looking too shabby, despite retail slump. [NY Post]

Madoff-hit Fairfield Greenwich tycoons start unloading assets. [NY Post]

Local pols dish about stimulus. [WNYC]