The National Trust for Historic Preservation named the Lower East Side one of the 11 most endangered places in America, in a symbolic gesture that may kick-start the landmarking process. [NY Times]
A Manhattan judge ruled that the city can continue building new sports fields at Randalls Island, but private schools cannot foot the bill. [NY Times]
September 11th relief workers showed high stress levels equivalent to returning Afghanistan war veterans, report finds. [NY Times]
Foreign investors are pulling back, not out of commercial real estate deals. [NY Times]
In five weeks Florent, "a timeline and time capsule" of downtown, will close its doors. [NY Times]
A change in New York’s tax abatement certificate program is causing a builder of affordable housing to branch into more market-rate projects. [NY Times]
The Independent Budget Office predicts 30,000 financial sector jobs will be lost over the next year, in its most dire forecast yet. [Crain’s]
The developer of the 40-story Turtle Bay office tower that collapsed in March has until June 4th to fix 28 violations. [NY Post]
Mort Zuckerman is about to cut a deal with Harry Macklowe for the GM Building and four other "legacy assets" in his portfolio. [NY Post]
The Greenwich Planning Board has rejected a Russian tycoon’s plans to build the single largest home in America. [Bloomberg]