Port Authority ruled not responsible for 1993 WTC bombing, Sam Zell says distressed deals are vastly overpriced … and more

1. Sam Zell says every distressed deal he’s seen has been overvalued by 25 to 40 percent
[Bloomberg News]
2. Port Authority ruled not responsible for 1993 WTC bombing
[NYT]
3. Housing lobby experiences rare defeat in new conforming loan limit
[WSJ]
4. Across America it’s a tale of two housing markets
[BusinessWeek]
5. Brooklyn College breaks ground on new athletic facility [Post]
6. Chelsea’s Lukoil gas station repurposed into art gallery
[InHabitat]
7. Formerly positive, JPMorgan reverses course on construction sector
[WSJ]
8. Inside ad agency Grey’s Madison Square Park offices
[Media Bistro]
9. What buyers should look for in lenders [NYT]
10. Groundbreaking for senior housing facility in Howard Beach, Queens slated for this fall
[Queens Chronicle]
11. In praise of Orchard Beach in the Bronx
[NYT]
12. Luxury NYC homes are still being flipped for quick profits
[WSJ]
13. Neighbors urge reluctant Queens homeowner to remove felled tree from house [Post]
14. “Boardwalk Empire”-era Atlantic City still exists if you know where to look
[NYT]