Pain till 2010 … and more

1. When will the housing market recover? Paul Krugman says probably not until 2010 or later [NYT]
2. Bjorn Borg Inc., the former tennis star’s fashion firm, signed a lease for 89 Crosby Street, Gawker’s former Soho space between Prince and Spring Streets [Crain’s]
3. Freddie Mac moves closer to selling common stock and buying more mortgages and securities backed by home loans [Bloomberg]
4. The Florent diner’s replacement doesn’t look too busy [Eater]
5. An 18-story, 72-unit condo project is going up at 50 Franklin Street in Tribeca [Curbed]
6. The anti-Willets Point alliance is growing [Queens Crap]