DCD America wins suit against RAM Equities, Second Avenue Subway completion pushed back to 2016 … and more

1. DCD America landlord wins in suit against RAM Equities [NYO]
2. CIT warns that bankruptcy is still possible [Crain’s]
3. Penn Club on track to become a landmark [NYO]
4. Paterson delays arbitrations for WTC development [NYO]
5. Bloomberg calls freight rail tunnel a good long-term solution [NYO]
6. Neighbors protest Battery Park City’s plans to close West Thames Park [Curbed]
7. Second Avenue Subway completion pushed back to 2016 [Curbed]
8. Midtown East Medical Center has leased 18,500 square feet at 800 Second Avenue [Crain’s]
9. Web site lets users sublet couches, rooftops, and other odd spaces [NYDN]
10. Overdevelopment leaves apartments vacant in Brooklyn [NY1]
11. Work wear maker Old Toledo signs five-year lease for 11,800 square feet [Crain’s]
12. Two restaurants will open in building where fictional “30 Rock” character lives [Crain’s]
13. New federal rules protecting applicants for home loans to start July 30 [LA Times]
14. Banks fail to make adequate loan-loss provisions [Bloomberg]
15. U.S. taxpayers may have to pay $23.7 million to support bailouts; financial market bailout hits 4.7 trillion [Bloomberg] and [Yahoo]
16. Commercial real estate sector is a ticking time bomb [CNN]
17. A $10 billion bailout helped Goldman Sachs stay afloat [Daily Beast]
18. Shiller predicts housing market may be approaching a bottom, but prices might stay low [Money News]
19. Councilmember Beth Mason proposes minor league baseball stadium for northern Hoboken [Hudson Reporter]
20. BlackRock 2Q earnings fall 20 percent [WSJ]