New LIRR terminal draws criticism, Downtown Brooklyn school lobbies for rezoning … and more

1. Queens’ Ridgewood Reservoir-Highland Park slated for $26 million renovation [NYDN]
2. New boutique hotel the Nolitan expected to open early this year at corner of Kenmare and Elizabeth streets
[Curbed] 

3. Famed author Ira Levin’s 1172 Park Avenue home sells for $2.05 million [NYO] 
4. New LIRR terminal one of most heavily-armored in city, critic says [Brooklyn Paper] 
5. A look inside the new 11th Avenue Mercedes dealership, set to open next year [NYT] 
6. Private school in Downtown Brooklyn facing uphill battle in rezoning approval [Brooklyn Paper] 
7. LIC’s Quality Inn for sale after being open for only two-and-a-half years [LIQcity via Realty Execs in NY]
8. Alleged unsanitary slaughterhouse New Square Meats receives $1.62 million from New York’s ESDC [Queens Crap]
9. Willets Point business owners fight against possible $3 billion development [NYDN]
10. Young Israel building demolition begins [The Lo-Down] 
11. Amid renovations, Empire Fulton Ferry State Park closes temporarily [Dumbo NYC] 
12. On the Upper East Side, 130-year-old brownstone meets slow death [A
Fine Blog]

13. Private high school expected to open in Greenwich Village in 2012 [NYT] 
14. Museum of the City of New York celebrates work of controversial architect Eero Saarinen [WSJ]
15. Office and shopping center construction could fall 13 percent in 2010, according to American Institute of Architects [Bloomberg]
16. REITs now hoping to gain back individual investors [WSJ]
17. Regional mall vacancies climb as unemployment deepens [Bloomberg]
18. Investors ambivalent on hotel-based REITs [WSJ]

19. Delinquency rate on CMBS surpasses 6 percent for first time ever [Reuters]

20. Macy’s will shutter five stores nationwide [WWD]
21. Federal economist identifies several reasons why housing could be a lousy investment [WSJ]
22. More details emerge on Ivanka Trump and Jared Kushner’s honeymoon vacation [Guest of a Guest]