[Three Cents Worth NY #241] Brooklyn Prices Closing Gap With Manhattan

It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.

Check out my 3CW column on @CurbedNY:

After last week’s release of our rental report for Manhattan and Brooklyn and with all the talk about the gap between the boroughs closing, I thought I’d revisit the topic and add the sales market to the rental mix…

As an added bonuses, notice all the troll commentary in this post. I’m noticing there is more of this as the market rises.

[click to expand chart]

My latest Three Cents Worth column on Curbed: Brooklyn Prices Closing Gap With Manhattan [Curbed]

Three Cents Worth Archive Curbed NY Three Cents Worth Archive Curbed DC Three Cents Worth Archive Curbed Miami

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34th America's Cup Race: America's Cup Agreement Gets One Step Closer to Closing

× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Thursday, February 23, 2012, by Philip Ferrato

The Budget Committee of the BOS voted last night to move the America's Cup agreement on to the full board for a vote on Tuesday, February 28. The biggest sticking point, Pier 29, had been taken off the table earlier in the day. There's still further clarifications needed to the local hire provisions and the 1% transfer tax on future condo sales but encouragingly, the ACOC promised to pay $12M by the end of June towards their $32M commitment. The committee was mostly concerned about how much the city would lose financially over the six decades of the agreement. We watched part of the 5-hour proceedings on SFGovTV, and damn, they were dull. Everyone's so polite! Although one speaker challenged the committee to "not lose this like you did the 49ers." In a "we share your pain" moment, a speaker from the Golden Gate Conservancy reported that they still had not come an agreement with the Event Authority to use Crissy Field for spectators. Otherwise, the public comments were mostly about local hiring practices and not finance, plus the usual "how great the America's Cup is going to be" boosters going on about how sailing is not a rich man's sport. To which we'd add "but the America's Cup is."
· SF Advances Plan For America's Cup [SF Gate]
· America's Cup Coverage [Curbed Sf Archives]

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