1. New York University will acquire new Gramercy Green tower on East 23rd Street and Third Avenue and turn it into a dorm [Villager]
2. Macklowe reportedly fails to finalize a deal with creditors over $5.8 billion short-term debt as deadline looms [Reuters]
3. Daughter of co-founder and vice chairman of Toll Brothers cancels purchase of Toll condo in Florida [Bloomberg]
4. Ridgewood, Queens gets hip [NYO]
5. Brooklyn Borough President Marty Markowitz talks growth in final state of the borough address [Brownstoner]
6. Plan to let Fannie Mae and Freddie Mac insure larger mortgages might not revive housing market [Bloomberg]
7. Bear Stearns bets big against the subprime market [Bloomberg]
8. New Gucci flagship store, open today on Fifth Avenue and 56th Street [Racked]
9. Hoboken enjoys a construction boom [NYDN]
10. Real estate websites offer foreclosure info [Reuters]