City to spend $1 billon on construction projects, N.Y. firm buys massive Texas portfolio

1. City to spend $1 billon on construction projects [NYDN]
2. New York-based investment firm W.P. Carey & Co. buys $66 million property portfolio in Fort Worth, Texas. [Fort Worth Star-Telegram]
3. NYC real estate moves to No. 2 on the list of best investment prospects, according to a Pricewaterhouse Coopers U.S. and Urban Land Institute study [Business Journal]
4. Union Avenue cutting through McCarren Park could go pedestrian [DNAinfo]
5. Mayor Bloomberg starts a “super pac” [NYT]
6. Brooklyn man accused of attacking employee of New Jersey real estate office [NJ]
7. Rethinking NYC’s tiny kitchens [NYT]
8. A history of renovation at 42 Remsen St. in Brooklyn Heights [WSJ]
9. Finishing your basement, “a total win, says Corcoran Group vice president [NYT]
10. Did Forbes priciest real estate list snub L.A. zip codes? [LA Weekly]
11. Lot in Dumbo sells for $4.25 Million [Brownstoner]
12. Following the Rainbow Room’s landmarking, a look at the fate of one of Brooklyn’s landmarked dining halls [WSJ]