Gov. Paterson takes charge … and more

1. How will Gov. Spitzer’s departure and Gov. Paterson’s administration change New York City’s development? [Crain’s] and [NYO]
2. Two Trees is busy with pre-construction digging at a parcel between Tenth and Eleventh Avenues and 53rd and 54th Streets [Curbed]
3. Daughter of Tishman Speyer chief Jerry Speyer buys a $12 million co-op at 888 Park Avenue [NYO]
4. New World Trade Center would benefit from slowdown in commercial construction [NYO]
5. Brown Harris Stevens managing directors Brenda Powers and Elizabeth Lee Sample discuss the city’s biggest listing, the $70 million Pierre penthouse [NYO]
6. The Web site EveryBlock has launched a feature that simplifies track property sales [Brownstoner]