Magnolia pledges to stop expansion, cap rates rise as Manhattan occupancy deteriorates … and more

1. Soho’s BP station reportedly running low on gas [Curbed]
2. Magnolia promises new Grand Central Station location to be last in NYC [Village Voice]
3. Brooklyn flea market named best in the nation [Brownstoner]
4. Water Taxi Beach hopes to open new boutique eatery [The Feedbag]
5. Cap rates rise as rents and occupancy in Manhattan falls [Bloomberg via Square Feet Blog]
6. Cobble Hill’s so-called Amity Street Horror still standing [Curbed]
7. Orchard Street’s summertime woes continue [Bowery Boogie]
8. 40-acre orchard proposed for Bridgehampton [News 27 East]
9. Community project to clean Prospect Lake underway [Brownstoner]
10. Johnson & Johnson heiress practically neighbors with SNL star Kristen Wiig [NYO]
11. Fitch taking closer look at commercial mortgage [Housing Wire]
12. National Association of Realtors forecasts rent decline [Bloomberg]
13. Housing starts show signs of stability [WSJ]
14. Lower borrowing costs spark purchases, mortgage index rises 5.6 percent in one week [Bloomberg] 

15. Home value appraising, reconsidered [WSJ]