Lehman Brothers nears lease in Time & Life Building. [Crain's]
Mortgage rates highest since October. [CNN/Money]
Spitzer favors keeping Starrett City as it is. [NY Times]
Vornado edges ahead in Equity Office bidding. [NY Times]
Sushi Samba reaches deal with city over rooftop deck. [NY Post]
Bush supports JFK rail-link to downtown Manhattan. [NY Post]
Bad landlords get city money to house homeless. [Daily News]
City Council OKs mild new oversight for builders. [NY Sun]
Big hurdles for new PATH Station at ground zero. [NY Sun]
Did we miss any New York City real estate news this morning? Please send along tips and links.