S&P lowers outlook on Vornado, emergency demolition slated for Harlem building … and more

1. S&P lowers outlook on Vornado Realty Trust to “negative,” from “stable” [NYT]
2. Emergency demolition slated for Harlem building [Curbed]
3. New York City’s so-called leasing boom reexamined [NYO]
4. An argument against Gowanus Canal Superfund [Post]
5. Proposed school in Downtown Brooklyn drawing opposition [Brownstoner]
6. Trader Joe affiliate Aldi opening first NYC store in Queens [Crain’s]
7. Bronx homeowner fights city to keep trees away from property [NYDN]
8. World’s most expensive retail space rents dropping [Bloomberg]
9. Moody’s analyst says U.S. home prices won’t regain peak position until 2020 [Housing Wire]
10. Three distressed commercial real estate funds face precarious future [Reuters]