City’s office absorption rate hits its highest level since the first quarter of 2007 … and more

1. City’s office absorption rate hits its highest level since the first quarter of 2007 [WSJ]
2. Freddy’s Bar reincarnation set for Feb. 4 [Gothamist]
3. Bronx church ravaged by fire mired in lawsuit with contractor over rebuilding [NYT]
4. Designer Tory Burch doubles office and showroom space at 11 West 19th Street [Post, 1st item]

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5. Sheepshead Bay 99-cent store going out of business [Sheepshead Bites]
6. Short-term NYC renters jump through hoops to secure leases [NYT]
7. JLL, Colliers report net-effective rent increases in Midtown office buildings [Post, 3rd item]
8. Rubinstein: New College Point police campus “could easily stand in for the Starfleet Academy in the next Star Trek movie” [WSJ]

9. Citigroup still plagued by toxic mortgages despite 2010 profits [Bloomberg]
10. American Express’ travel services unit moving from World Financial Center to 250 Hudson Street [Post, 2nd item]