Sternlicht eyes distressed European properties, city’s jobless rate increases … and more

1. Starwood’s Sternlicht says firm will capitalize on European commercial real estate fire sales that result from debt crisis
[WSJ]
2. City jobless rates inches up, nearly identical to national average
[NYT]
3. Cable exec donates $30M towards Columbia’s Renzo Piano-designed arts center on West 125th Street
[WSJ]
4. Turrets become popular on L.I. houses, increase home values
[NYT]
5. Tenants have some liability, too, when water leaks damage an apartment
[NY1]
6. Queens company “Bad Ass Organic” opens LIC space for small food business startups
[NYDN]
7. Teddy Roosevelt’s birthplace in Flatiron set to re-open to public on Tuesday
[DNAinfo]
8. Construction worker dies as LIRR tunnel caves under Park Avenue
[NYDN]
9. When inheriting a home that still has a mortgage, the decision to keep it can be a difficult one
[NYT]
10. Bed-Stuy treehouse is an internet sensation
[NYDN]
11. The history of the just revamped New York Historical Society
[NYT]
12. City breaks ground on new plaza for Highbridge Park in Washington Heights
[DNAinfo]