Manhattan office asking rents rise to early 2009 heights, a tour of Fire Island’s most expensive listing … and more

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1. A tour of the most expensive home on the market in Fire Island [Newsday]
2. Manhattan office asking rents rise 1.7 percent to highest level since Feb. 2009 [Cassidy Turley report]
3. In discussion on Barclays Center, Bruce Ratner, who has a minority stake in the Nets, explains why the Knicks did the right thing by letting phenom Jeremy Lin go [Bloomberg]
4. Prospect Heights lot primed for 35 units trades for $8.6M — $157 per buildable foot [Crain’s]
5. Corcoran Group broker puts Montauk home on the market for $2.5M [Curbed]
6. High Line will open up its third section to visitors for two weekends next month before construction gets underway [DNAinfo]
7. Rather than make independent property investments, Harvard, Stanford and UPenn are investing in Blackstone’s latest fund [WSJ, 1st item]
8. Community ruling tonight could pave way for massive big-box retail stores in Sunset Park [DNAinfo]
9. Small Williamsburg lot sells for $450,000 in cash — apartments to come [Brownstoner]
10. $89 per night Bowery House hostel finally gets a restaurant [Hotel Chatter]
11. Manhattan retail rents yield cap rates up to 6.5 percent, compared to 4 percent for apartments [REW]
12. Wall Street is finally getting a feel for investing in foreclosed single-family homes [WSJ]
13. Rising prices have lifted 1.3M US homeowners out of negative equity this year [Bloomberg]
14. Paulson-Winthrop partnership gets break on $1B in past-due debt on three U.S. hotels [WSJ, 3rd item]