Quinn introduces 421-a compromise. [NY Times]
Rising rates ratchet up costs of subprime mortgages. [NY Times]
Forget the stats. Northeastern home values falling. [NY Times]
Toll Brothers reports 44 percent earnings drop. [NY Times]
Automated garages may rise in New York area. [NY Times]
City eatery owners respond to trans-fat ban. [NY Post]
980 Madison opponents submit petition to Landmarks. [NY Post]
366 Madison sells for $116 million. [3rd item] [NY Post]
UN to renovate secretary-general's Sutton Place mansion. [Daily News]
Can French cuisine change Port Authority's reputation? [NY Sun]
Did we miss any New York City real estate news this morning? Please send along tips and links.