1. Moody’s has downgraded Toll Brothers’ credit rating to junk status [Bloomberg]
2. The head of the Port Authority could be angling for more control of the World Trade Center’s reconstruction [NYMag]
3. A former city crane inspector pleads not guilty to lying about examining the crane that later collapsed in Turtle Bay and killed seven people [AP via Crain’s]
4. The St. Regis Hotel New York on East 55th Street and Fifth Avenue is spending $1 million on renovating its presidential suite [Crain’s]
5. A judge orders the removal of a fence along the Red Hook waterfront [NYT]
6. 2 Renwick takes shape just north of Canal Street between Renwick and Hudson streets [Curbed]
7. The Sheraton/Aloft is rising quickly in Downtown Brooklyn [Brownstoner]
