Upstart bid offers $38 billion for Equity Office Properties. [NY Times]
Silverstein's trade-center coordination office. [NY Times]
Designers vie for Governors Island parks assignment. [NY Post]
Reaction positive to Mayor's property-tax cut proposal. [NY Post]
Artists don't buy city's artists' lofts. [NY Post]
Hamptons estate sets New York State listings record. [NY Post]
Lead fight may sink city housing program. [Daily News]
Ex-Cendant head gets prison, $3.2 billion fine. [Daily News]
Condos to replace former Queens Borough Hall. [Daily News]
Likely plans for Coney Island emerging. [Daily News]
Nonprofit developer victim of South Bronx success. [NY Sun]
A West Village studio lists for $2.1 million. [NY Sun]
Housing derivatives set to expand, analysts say. [NY Sun]
Did we miss any New York City real estate news this morning? Please send along tips and links.