Big towers take shape … and more

1. Steel is coming out of the ground for two towers that will
add nearly 3 million square feet of office space: SJP Properties’ 11 Times
Square at Eighth Avenue
and 42nd Street
and the Port Authority’s Freedom
Tower [Post]
2. Fight intensifies over Gov. Spitzer’s plan to scrap big
expansion of Javits
Center and sell adjacent
parcels [NYT] and [Post]
3. Morgan Stanley buys Citigroup’s headquarters … in Tokyo [Bloomberg]
4. Dock a boat and get one of Manhattan’s last real estate bargains [NYT]
5. Wall Street banks brace for more big write-downs as subprime
crisis spreads [NYT]
6. Preservationists say more money needed to save Roosevelt Island smallpox hospital [NYDN]