The Observer’s Dana Rubinstein takes NPR on a tour of Manhattan commercial real estate in a time of recession. [NPR] Even as it seeks landmark status, the New York State Pavilion, constructed for the 1964-65 World’s Fair, falls into deep disrepair. [Curbed] Local community board approves the Toll Bros.’ special zoning request, thus clearing an obstacle for 447 ...

MTA faces a troubling future as the failing economy has made service cuts and fare hikes by late December a very real possibility. [NY Times] Another preservationist’s battle, this one over whether the South Street Seaport’s century-old Fulton Fish Market can be safely relocated to make way for General Growth Properties’ redesign of the port. [City Room] A ...

Dow drops 7.8 percent as investors come to grips with a broken economy no bailout plan can quickly fix. [NY Times] Study shows 69 percent of New York's working families spend more than a third of their income on housing. [City Room] Sam Chang’s real estate empire grows with the addition of two skyscrapers at 99 Washington ...

Dow Jones loses 7.3 percent to fall below 8,600 points. [NY Times] Locals form preservation group to transform the entirety of West End Avenue into a single historic district. [City Room] Oliafur Eliasson’s waterfalls responsible for area soil with salt levels up to nine times the norm. [Brooklyn Paper via City Room] Carroll Gardens and the Toll ...