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Wednesday, July 31, 2019

News of Your NYC Nabe

You probably won’t be able to find out about the construction project on your block or fate of a shuttered restaurant in the mainstream press. That sort of information is more likely to be on the website of a neighborhood news site.
Community-centric news sites deliver hyper-local, real-time information, filling a void for news about what matters most, where it matters most—your very own stomping ground.
This is nowhere more true than in New York City, which is made up of distinct neighborhoods. Coping with life in the big city boils down to making sense of your own 20-something-block environs (think subway shutdowns and restaurant closings, crime upticks, and school issues). Of course it also means staying up to date on local real estate news, so you know what’s going on in terms of new condo or rental buildings going up in your neighborhood.
This year, we’ve done away with calling this list Brick Underground’s best blogs and made a few changes accordingly. After all, while some still call themselves blogs, these are sites are reporting the news, not merely repurposing other writers’ work. As Brklyner’s publisher Liena Zagare puts it, “We are all true local journalists. Blogs are so 2007.”
Read on for Brick Underground’s round up of the best NYC neighborhood news sites.
Manhattan

Bowery Boogie

Ever since 2008, Bowery Boogie has served up its own brand of hard-hitting news coverage with a helping of keen wit for residents of the Lower East Side, Chinatown, Little Italy, and Two Bridges. According to the website, “a good portion of our stories comes from readers. Welcome to the family.”
The succinct posts pack the essentials into a few graphs. You can browse sections on real estate, transportation, crime, music, art, TV/film, fashion, photos, and history, or search by street. For example: “Trashed Pizza Plates Repurposed for Super-Sized Scrabble Game on Orchard Street.”
You can also see what your neighbors are concerned about by clicking on the More tab and seeing the top-ranked subjects, which in July included Community Board 3, real estate transactions, and gentrification, with graffiti and Essex Crossing close runners up.
More recently the blog has been leveraging its reputation in the LES by selling Bowery Boogie merch on Threadless, its online store. There you can purchase T-shirts and hoodies for adults and kids, throw pillows and fleece blankets, framed prints, and even phone cases. Their most popular product? A tote with the Manhattan Bridge. Pride of place indeed.

EV Grieve 

All things Alphabet City, EV Grieve started back in 2007 as a way to mourn the closing of a local haunt (that ended up remaining open)—hence the name. The site struck a chord with other East Villagers and has been a constant presence ever since, “appreciating what’s here while it’s still here. Remembering what’s no longer here. Wishing some things weren’t here that are here.” Other areas of Manhattan may share this same sense of loss, yet it seems the East Village has undergone a dramatic transformation (though a few Brooklyn hoods give it a run for the money).
After publishing the site anonymously for some eight years, John Elasserfinally came clean in a letter from the editor in 2015 at the bequest of a journalist. Not that he was hiding from anything; rather he didn’t want to get in the way of the site being “a blog about the neighborhood, for the neighborhood.”
That spirit still pervades the site, with reporting on Mount Sinai’s new East Village location along with news about restaurant closings and community board meetings.
Should you ever fall behind and out of step, you can check out The Week in Greview, which links to the big stories of the day.

Harlem + Bespoke

First and foremost a blog about the current housing market in Harlem writ large, Harlem + Bespoke provides real estate listings but also covers restaurants, retail, events, and other happenings—all through a designer’s lens. The focus is on the many brownstones and townhomes (some historical landmarks), putting a spotlight on the architectural flourishes that help define this uptown destination.
Besides Central, East, West, and South Harlem, the site’s purview includes 125th Street, Hamilton Heights, Washington Heights, Morningside Heights, Manhattanville, Sugar Hill, Mount Morris Park. Not familiar with all these distinct areas? Check out the illustrative neighborhood maps.
A Renovations tab links you to helpful tips and sources, such as a local painting service and showroom for marble and stone. The release of the Landmarks Preservation Commission latest Rowhouse Manual offered guidance for proper restoration projects.
Recent posts in the main feed included news that a landmark townhouse in Sugar Hill had closed for $3.45 million (“priced on the lower end for this block”), an announcement that Tommy Hilfiger will present his 2019 fall line at The Apollo, and the date and time of the Re-envisioning Lasker Pool Community Update Meeting.

The Lo-Down

Another LES blog, The Lo-Down is run by Traven Rice (a filmmaker) and Ed Litvak (TV producer), who founded the site in 2009 “from the conviction that the Lower East Side needed a fiercely independent, professionally produced news publication to call its own. Every day since that time, we have dedicated ourselves to providing top quality reporting to inform and engage our diverse community.”
Indeed, The Lo-Down is one of six pilot sites partnering with the Democracy Fund’s Local News Lab, which is committed to supporting the sustainability of local news by exploring collaborations between journalists, newsrooms, and communities.
Here you’ll find an exhaustive list of links to other sites with news relating to the LES, updated daily, as well as its own reporting on such items as the opening of Diller restaurant by local favorite The Pickle Guys, who had been pushed out of their Essex Street location back in 2017; the launch of a rooftop garden at Essex Crossing run by Project EATS; and the opening of the affordable housing lottery for seniors at 140 Essex Street. (Yes, the mega-development Essex Crossing looms large in this neighborhood.)
You can sign up for the The Morning Lo-Down newsletter for free or help support the site by becoming a Sustaining Member (for as little as $5 to gain access to the quarterly member newsletter or as much as $100, which includes the newsletter plus a mug and an invitation to the site’s annual party).

Roosevelt Islander

For many New Yorkers (and out-of-towners), Roosevelt Island is a quick turn-around stop on its iconic tramway—and is shrouded in myth and mystery. For its 14,000-plus residents, described on the site as a “mixed income, racially diverse waterfront community,” RI is a livable place with a rich history and a nuanced present.
This hyper-local guide is designed to promote engagement and provide a forum for discussion. There’s a calendar of local events (knitting, toddler story time, and a chance to meet Senator José Serrano were on one week’s docket), plus plenty of sponsored events. A feature called “Hey, Susan!” allowed people to pose questions to, and get answers from, Susan Rosenthal, president of the Roosevelt Island Operating Corporation (RIOC).
The late-breaking news on a certain July day centered on the mayor’s announcement of CitiBike’s expansion to more NYC neighborhoods, and how the RIOC needed to cough up funding for a docking station for RI to be included. Tips on staying safe during a sweltering heat wave were also offered, making Roosevelt Islander more than just a news feed.

Tribeca Citizen

Run by Pam Frederick, a journalist and former community activist who bought the site in January 2019 (it was founded in 2009), Tribeca Citizen is designed to “get to the bottom of things, ask questions, solve problems, and keep people in the know.”
For the most part, it seems, the comprehensive site helps distill noteworthy news from other sources (Patch, The Real Deal, The Post, Bloomberg) dealing with Tribeca and surrounding areas such as Battery Park City and Fidi.
Besides real estate listings and developments, you can zero in on schools, parks, arts and culture, restaurants and bars, and even crime, among other home-page links.
One day’s “In the News” included capsule descriptions and links to full stories about a couple of big-ticket (as in over $20 million) residential sales in the area, a controversial mercury cleanup effort at 250 Water Street (parents were protesting the process), and an announcement that Chief, the women’s club on Hudson Street, is going national.
To stay up to date, you can subscribe to the twice-weekly newsletter—and show your support by buying (and wearing) a T-shirt with the TC logo.

The Uptown Collective 

The Uptown Collective, founded by Led Black, has been “preaching the Uptown Gospel on a daily basis since Feb 2010.”
Indeed, the mission of the Collective is to not only document but help shape the “rebirth” of Washington Heights, Inwood, and Harlem through its online portal as well as a weekly subscription newsletter and column in The Manhattan Times.
In addition to culling news from other sources, The Collective offers plenty of editorializing on the matters of the day, from deportation and ICE raids (prompting a tweet from local hero Lin-Manuel Miranda) to the opening of Fort Washington Public House and a new comedy put on by the Up Theater Company.
Thanks to the team behind the site, comprised of activists, writers, actors, and other creative types, you glean a real sense of the personality of the communities. This is a blog with a distinct POV.

Washington Square Park Blog

This targeted site is a bit of a departure from the others included here in that it was born out of the desire by its founder, Cathryn Swan, to chronicle the famous park’s controversial redesign back in 2008.
Since then, it has widened its scope to cover other aspects of the park (and her concern with the privatization of other green spaces in NYC) as well as the greater Greenwich Village neighborhood. However, the blog still bears its original reportorial, well-researched bent. Plus, Swan is a devotee of all things WSP, and has even compiled some of the blog’s essays into an ebook.
Recent posts centered on the 50-year honoring of the Stonewall Riots and PRIDE 2019 Parade that took place in the park. The site also encouraged followers to attend the upcoming Community Board meeting that was slated to discuss “quality of life” issues at the park.

West Side Rag

The Rag promises to be all things to all its involved denizens on the Upper West Side, providing weekly events, real estate listings, school news, and notable retail and restaurant openings and closings.
As the name implies, the blog doesn’t take itself too seriously. There’s a “Pupper West Side” column where anyone can share a story and cute pic of their pooch. This is after all dog central, with more dog parks than any other area of NYC.
More eccentricities can be discovered by clicking on the “Absurdity” tab (tellingly, it is the first one on the dashboard). There you might come across a post about city-sanctioned goat-grazing in Riverside Park and a photo of a “parking scofflaw” who avoided the steep fine by simply leaving the booted-tire behind.
Quirkiness aside, you’ll find useful information to help you navigate the neighborhood and beyond, with updates on subway shutdowns, street closings (“Mrs. Maisel” and other shows are frequent disruptors), and bike path detours.
Brooklyn

Bklyner

Bklyner is a one-stop resource, a result of the 2017 consolidation of formerly independent sites Bensonhurst Bean, Ditmas Park Corner, Fort Greene Focus, KensingtonBK, Park Slope Stoop, Sheepshead Bites, South Slope News, and Sunset Park Voice. Publisher and editor Liena Zagare was born in Latvia and settled in Flatbush in 2005, and has been involved in community-building through these sites ever since.
You can still filter the news by specific neighborhood if that’s your druthers; otherwise the main news feed will keep you updated on local politics, crime, real estate, arts and entertainment, and the usual openings and closings.
The articles pack a lot of information in several short paragraphs, striking a nice balance between clarity and conciseness, with cut-to-the-punch headlines such as “Local Pols Discuss ICE Threats in Sunset Park” and “Are You Responsible for Sidewalk Repairs? Know Your Rights!”
Be forewarned. If you spend too long on the site at any one time, you will be greeted by a pop-up window asking you to become a subscriber for $15 a month or a one-time $150 annual fee. Posting an event on the calendar, however, is free.

Brokelyn

Anyone feeling priced out of this borough will appreciate commiserating, virtually speaking, with other money-strapped denizens on this irreverent, tongue-in-cheek blog, with “living big on small change” as its tag line.
Brokelyn was founded in 2009 as a post-crash survival guide by Faye Penn, who is executive editor of InStyle magazine (and whose cheapest secret is the lamb gyro dinner for $6 at Gyro King on Newkirk Plaza).
Alas, as of October 2017, you can no longer buy Brokelyn’s popular Beer Books, which provided passports for 30 beers in 30 bars for the low price of $30, via the site. It also seems the Gigs tab is not being updated, though it once included tips on local casting calls.
It’s worth visiting the blog every Friday for its weekly round-ups of the “cheapest things to do this weekend.”

Bushwick Daily

Ever since its launch in 2009, Bushwick Daily has been reporting on the hyper-local scene five days a week. Current editor-in-chief (and Russian-born) Irina Groushevaia aims to create an inclusive publication, and it shows. The polished site broadcasts the local population’s diversity through photo-centric posts covering the gamut of goings on in and around the neighborhood, organized by regular columns.
Those include News (NURTUREArts closes after 22 years), Business (“queer kitchen” brings together the LGBTQ community), Food and Drink (Evil Twin Brewing’s new Ridgewood beer garden), Community (stand-up comedy benefit to raise funds and awareness for cyclist safety), and Mind and Body (a diverse, inclusive, body-positive yoga studio in Dumbo).
Arts and culture seems to be the site’s raison d’etre, perhaps because there is just so much to report on in this fertile ground. The quality articles tend to delve into the topic and reflect the POV of the poster, whose profile pic is part of the byline (something no other blogs covered here provide).

Free Williamsburg

Safe to say, founding editor Robert Lanham, who created Free Williamsburg way back in 1998, was ahead of his time in reporting on the then-budding arts scene here. The design-forward blog has been a mainstay of the neighborhood ever since, seeing it through its many iterations and expanding coverage into nearby Greenpoint and Bushwick. (These are also the same folks behind The Hipster Handbook.)
Locals and visitors alike can find timely news relating to food, drink, and entertainment, such as the opening of a Japanese cafe in Greenpoint by Sunday in Brooklyn, and the annual Giglio Festival, “the ONLY thing that has not changed in the neighborhood in the past decade.” Plus the site provides popular guides worth checking out, including The Best Bars to Drink Outside in North Brooklyn.
There’s also a “weekly metal roundup” with reviews of “must-hear” bands, an events calendar with editor’s picks, and local apartment listings. If you want to know what’s happening in this sliver of Brooklyn, turn here first.

Greenpointers

Any blog staff that purports to “meet at different locations in Greenpoint to discuss coverage, ideas and to drink beer” is not taking itself too seriously. Exhibit A: “Spotted: McCarren Hawk Enjoys Rodent Picnic.”
That said, Greenpointers is not afraid to take on critical issues, including strained efforts by union workers at Key Food locations to get a new contract, or the chronically late mail delivery in Williamsburg under the headline “[Assemblyman] Lentol on Williamsburg Postal Problems: ‘You Can’t Live Like That.’”
This is the source for all the cultural events (they are numerous) and restaurant updates (ditto) along with helpful guidance about street pavings and public forums on the Greenpoint Library.

Pardon Me For Asking

Any “best of” blog list would be remiss if it didn’t mention Carroll Gardens–based Pardon Me For Asking. The name may be quaint but the site has real reporting chops. Founder Katia Kelly unearthed evidence of former Trump campaign chairman Paul Manafort’s alleged money laundering, including having borrowed several million dollars against a dilapidated home here.
The site typically goes on hiatus for the summer while Kelly spends time in Europe (you can see photos of her travels). Check back in the fall when she will (hopefully) resume poking around in the murkier side of life here, such as the controversial Gowanus rezoning plans and the revisioning of Carroll Gardens at the forefront.

The Q at Parkside

Clarkson FlatBed—or just Q, as he refers to himself in the third person—is the personality behind this blog, which features “news and nonsense” from what is apparently a neighborhood with multiple monikers, including Lefferts, Lefferts Gardens, Prospect-Lefferts Gardens, and North Flatbush. “Or if you’re coming from the airport in a taxi, maybe just Flatbush is best.”
The same sense of humor pervades the posts, though it’s not all smiles over substance. Q was downright sincere in his reporting of a street being named for Dr. Lamuel Stanislaus in honor of his work as a dentist and activist in the local Caribbean community, especially getting the West Indian Day Parade off the ground. He is also fluent in local politics, so much so that he can spout off about State Senator Zell Myrie and Assemblyperson Diana Richardson (he seems to approve of both), rent regulations, and Community Board 9.
For a glimpse of his usual banter, however, check out this excerpt that came under the headline PLG Arts: Stuff-a-plenty in June: “Wish I wasn’t so busy at work…I could say something cute or annoying about all these great events. But you know what? Screw that. Support these fun thangs [sic] and check out the poster for the PLG Music Festival. You heard right.”
Queens

LIC Talk

With twice-weekly updates (“usually on Monday/Tuesday and Thursday/Friday”) plus occasional updates, LIC Talk also solicits comments anytime. Based on a few visits, the onslaught of pricey condos and other developments predominates the news.
That said, a few esoteric posts shed light on LIC resident’s concerns—including what appears to be an ongoing debate over where LIC ends and Astoria begins. What’s at stake? Bragging rights to certain establishments (such as Lokanta) that lie on the murky border.

QNS.com

QNS.com serves up a robust mix of news including politics, crime, business, and real estate. The site features a no-nonsense design but it’s not all seriousness: A reporter delved into the mystery of an In-N-Out burger (a brand found on the West Coast) that turned up in pristine condition along Sutphin Boulevard in Jamaica, sparking salivary glands around NYC. Another post looked at the Queens DA election recount. And there’s lots of real estate news here, with stories on new developments, a security deposit scam artist, and a tenants’ class action lawsuit against a landlord.
The site was acquired last year, along with about 20 mostly print publications, when Schneps Communications bought NYC Community Media and Community News Group.

Queens Post

Run by veteran journalist Christian Murray, Queens Post is an independent media company that publishes seven sites in Queens: the Astoria Post, the Forest Hills Post, the Flushing Post, the Jackson Heights Post, the LIC Post. the Ridgewood Post, and the Sunnyside Post. It also publishes one in northern Brooklyn (the Greenpoint Post).
Picture hard-hitting news about local politics, crime, education, small business, and real estate with an objective, reportorial voice. Depending on the day, you’ll learn how Astorians can weigh in on Con Ed’s proposed rate hike, what libraries will remain open during the blistering heat wave, and the date and time of an open casting call to audition for American Idol in Greenpoint.

We Heart Astoria

As a cultural melting pot with many authentic cuisines and a super-quick commute to Manhattan, Astoria is where it’s at in Queens. This unabashedly pro-Astoria blog keeps its denizens up to date on new eateries and shops, real estate listings, developments, and other timely tidbits—including the completion of a dog park as part of the $1 million restoration of the Triborough Bridge Playground and a rumor that Robert De Niro is converting the Steinway factory lot into film studios.
Restaurants, of course, take center stage, with “cheap eats” listings and openings and closings, including of beloved Vaccaro’s Bakery & Café, which may or may not re-open in another location (stay tuned!).
There’s also an events calendar and a “Deals and Specials” tab, though all the deals had expired at the time of this post. Want to flaunt your Queens pride? Click on the link to Lockwood, where you can purchase Queens (and Brooklyn) memorabilia; the shop’s owner happens to be one of WeHeartAstoria’s editors.
The Bronx

Welcome2TheBronx

Welcome2TheBronx, founded by Ed Garcia Conde, brings you a multifaceted perspective on the city’s northernmost borough, including reporting on a multitude of arts and culture programming. Take, for instance, a slew of articles describing efforts by BAAD! (The Bronx Academy of Arts and Dance) to empower the LGBTQ community, the opening of a new art gallery by Mos Def, and how NYC’s oldest Latino record store, Casa Amedeo, was recently honored by the Landmark Commission.
Real estate news straddles application instructions for affordable housing and the continued influx of development for luxury high rises. Searching by neighborhood yields recent happenings plus archival photos and backstories for historical context.
But general news is what drives the site. The long-awaited expansion of CitiBike into the area, and the introduction of a bill (“finally!”) that will look into the feasibility of building a subway line connecting the Bronx, Queens, and Brooklyn, were just two headlines of note.
Staten Island

Staten Island NYC Living

Here’s another site that shines a light on an often underappreciated part of NYC. As the blog explains: “Our mission is to improve the image of Staten Island to help change it from the Forgotten Borough to the Can’t Forget Borough.”
Indeed, a spin around the site will provide you with a week’s worth of events and activities—many for free, including Met Opera recitals, a roving outdoor sunset concert series featuring local talent, and Movies Under the Stars. Trail running, canoeing, kids’ cooking classes, and art studios let you get in on the action. There is certainly enough incentive to consider making SI your home base—or to stay for a while before taking the ferry back to Manhattan.
Honorable mentions

Downtown Post NYC

Ever since December 2014, Downtown Post NYC has been a reliable resource for the area’s residents. You can sign up for the free weekly newsletter, though links to previous posts are available on the site—and the website is updated daily with what editor Terese Loeb Kreuzer describes as “urgent messages, breaking news, and reminders of interesting events in and around Lower Manhattan.”
Besides letters from and to the editor, each newsletter does a deep dive into a matter of import (the 2019 census, for example). The Bits and Bytes section culls relevant headlines from other sources; the Downtown Bulletin Board covers hyper-local news such as affordable housing lotteries, community board resignations, free summer meals for kids, and changes in bus connection service and ferry schedules. Calendar events are also highlighted.

2nd Ave. Sagas

Having gained traction for its relentless reporting on the seemingly endless construction of the Second Avenue subway, 2nd Ave. Sagas has now become the go-to resource for all things public transit in NYC. You can track the ongoing (and oddly entertaining) face-off between the MTA and Governor Cuomo, read an in-depth analysis of the “much-ballyhooed” MTA $4 million Transportation Plan, and learn the ins and outs of OMNY, the tap-and-go payment system that will render good old MetroCards obsolete.

Jeremiah’s Vanishing New York

If “there goes the neighborhood” is a common refrain for you, you’ll find a kindred spirit in Jeremiah’s Vanishing New York, “a bitterly nostalgic look at a city in the process of going extinct.”
Having published a book by the same name in the summer 2018, the author is not updating the blog so much anymore. Still, Jeremiah Moss’s personal lamentations on the loss of the “real” New York is worth checking out for its archival posts (dating back to 2007) as well as the occasional new ones, including how longtime favorite Book Culture on the Upper West Side is being priced out of its four locations, and how Show World, one of the last vestiges of adult entertainment in Times Square, is being demolished to make way for Hive, an $80 million office building. Woe are us all.

Jersey Digs

It seems only fair to include Jersey Digs on this list, since so many New Yorkers eventually decamp to suburban neighborhoods across the Hudson River. The blog covers arts and news, and also showcases real estate eye candy, perfect for luring vulnerable New Yorkers who love the city but would really love a backyard. (A mid-century contemporary in Montclair next to a nature preserve is pretty appealing.)

Alexandria Real Estate Equities Plans Another Boston Life Sciences Lab Facility

Alexandria Real Estate Equities is planning another life sciences development in Boston. The firm has 250 properties, about 25% of which are in the Boston area, with the rest in San Francisco, New York and San Diego.
Alexandria indicates that it could develop a site of up to 650,000 square feet at 5, 10 and 15 Necco Street in Boston’s Fort Point neighborhood. At the company’s recent second-quarter earnings call, Peter Moglia, co-chief executive officer and co-chief investment officer of Alexandria, discussed the plans for a laboratory facility to be built next to the future site of General Electric’s future world headquarters.
The site “represents a strategic opportunity to expand Alexandria’s unparalleled, world-class” life science development in the Boston area, Moglia stated.

In May, Alexandria and National Development, based in Newton, Massachusetts, bought a 2.7-acre plot of land fronting the Fort Point Channel. The price was $252 million. There is a renovated 95,000-square-foot warehouse on the property that GE has leased for 12 years. Zoning allows for a 12-story commercial building.
Aside from that investment, the two firms recently spent $81.1 million in March to buy a multi-level parking garage at 10 Necco Street. Alexandria also partnered with Anchor Line Partners to develop a nine-story laboratory facility in South Boston at 99 A Street.
According to Alexandria’s 10Q filing for the quarter, it invested $12.872 billion in real estate as of June 30, up from the same period the year before of $11.913 billion. Its total assets for the half-year period total $16.039 billion. Total liabilities, noncontrolling interests and equity hit $16.039 billion.
Revenues for the quarter totaled $373.9 million, and for the six-month period, $723.7 million. Total expenses for the quarter were $309.4 million and for the half-year mark, $616.2 million.
The firm also notes that in addition to its U.S. properties, it has three operating properties in Canada and one in China.

Of the Necco site, Moglia said Alexandria is planning an “iconic … world-class life-science building with a robust and vibrant set of ground-floor amenities. At this point, the company believes it will break ground in early 2020.
Other recent projects have included: in April, the launch of Phase 1 of the Alexandria Center for AgTech – Research Triangle, the first and only fully integrated, multi-tenant agtech R&D and greenhouse camps in Research Triangle; in June, a partnership with Columbia University to open its second Alexandria LaunchLabs in New York City, planned for the spring of 2020; and also in June, opened the first facilities with a tech-focused opioid rehabilitation campus in Dayton, Ohio in partnership with Verily Life Sciences.
Earlier this month Alexandria and TMG Partners won full project approval to develop the 88 Bluxome campus in the San Francisco area.
“88 Bluxome will bring an exceptional mix of much-needed community benefits and retail amenities to SoMa while it provides a dynamic campus environment to spur innovation,” stated Terezia Nemeth, senior vice president of real estate development and community relations at Alexandra. “We have worked closely with the City of San Francisco and our community partners to effect a new model for urban development, one that supports the world’s leading innovators, embraces excellence in sustainability and takes a holistic approach to engaging and activating the community. Alexandria is committed to making a meaningful and lasting impact in all of the communities where we develop and operate, and beyond.”

Tuesday, July 30, 2019

Got Land? New York ‘Desperately’ Needs It To Build More Public Schools

Faced with a dire need to build new public schools and few suitable sites, New York City will now start recruiting property sellers to fix the problem. The city is going to need about 45,000 seats for students in the next five years, The Wall Street Journal reports.
That means it needs about 70 sites for new schools — but an examination of 7,000 of the city’s properties turned up just two possible locations.
The city’s School Construction Authority plans to issue a request for proposals for property in the next few weeks, the WSJ reports. The sites have to be a minimum of 20K SF, on solid ground and able to fit 300 students.
The areas of District 20 in southwest Brooklyn and District 24 in Queens are among the places that need the most seats. Neighborhoods that have seen a lot of development, in particular, need school space, and the city has trouble keeping up with the way student populations change with the times.
The city has experienced the wide-ranging impact of a significant population increase over the last decade. Between 2000 and 2016, the number of jobs in the city went up by nearly 17%, but the housing units went up by just 8%, according to NYU’s Furman Center.
While the increase in jobs amid the longest local economic expansion since the end of World War II has paid dividends to the office leasing market, the city has been experiencing a housing affordability crisis in recent years. The job growth does not show signs of slowing down, tech talent employment increased 44% between 2011 and 2018 in the city, according to CBRE’s Tech Talent ViewPoint report released yesterday. Many of those tech workers are millennials, who are starting families later, but still yearning to stay in the cities they have helped to revitalize.

California wildfire insurance is in crisis. And the real estate market is suffering

Vallejo residents Theresa and Daniel Ochs found the perfect place to spend their retirement years: a three-bedroom home on two acres in Garden Valley, in verdant rolling hills a few miles from the Eldorado National Forest.
“You should go see it,” Theresa Ochs said. “It’s got craftsmanship in there. The woodwork is amazing. It’s got a nice chef’s kitchen. I could just see myself waking up in this house.”
The couple made an offer — and then encountered a nasty surprise. One insurance company after another refused to sell them a homeowners’ policy because of the wildfire risks in El Dorado County. The Ochses reluctantly withdrew their offer last week.
California’s wildfires have found yet another way of doing serious harm to rural California — by hammering its housing market.
The refusal of insurance companies to cover homes in fire-prone areas is prompting home buyers to cancel purchases and look elsewhere.
That’s depriving struggling rural areas of one of their most reliable sources of economic oxygen — the steady influx of well-off retirees and other transplants from Sacramento, the Bay Area and other prosperous areas.
“It’s another … hardship that’s hit because of the wildfire issue,” said economist Jeff Michael of the University of the Pacific. “We tend to see lower incomes in those areas. People are attracted to them by the housing affordability and rising insurance costs put a real dent in that.”
Pounded by two straight years of catastrophic wildfires, insurers are raising rates, abandoning long-standing customers and refusing to write new policies. Many homeowners are forced to purchase from unregulated “surplus” carriers or the California FAIR Plan, a bare-bones policy that acts as the state’s insurer of last resort. The resulting coverage can cost up to triple what a traditional carrier would charge. Some desperate homeowners are getting quotes of up to $10,000 a year.
Realtors said this translates into lost business. Home buyers give up on purchases, or their lenders scuttle the deal because the borrowers no longer qualify for their loan.
There are no official estimates on how the insurance crisis is killing real estate deals during escrow. But Ken Calhoon, a real estate broker who lives in the Pilot Hill region of El Dorado County, said as many as 10 percent of the deals in his area are falling through “because insurance is either unavailable or the premiums are just too high. Buyers just don’t expect that kind of cost.”
Bay Area transplants, normally a big segment of the purchasers in the El Dorado foothills, are backing off.
“They’re choosing not to live there; that’s what’s happening,” Calhoon said. “We’re not seeing the sales activity on the more rural properties, properties that are in the more fire-prone areas.”
Loan officer Toni Ryan, who works in the Meadow Vista area of rural Placer County, has watched three home sales fall out of escrow in the past two months. She said the rising premiums can unexpectedly add hundreds of dollars to potential buyers’ monthly mortgage payments.
“All of a sudden their payment goes up $200,” Ryan said.
She said home buyers are so discouraged, they’ve stopped looking. Restaurants and others in rural areas “are complaining that they’re not seeing the same traffic as they used to,” she said. “You’re not seeing people up here looking for homes.”

RURAL AREAS SUFFERING

California’s housing market has softened somewhat in the past year, and the number of homes sold in June fell 5 percent from a year ago, according to the California Association of Realtors. But the decline is more severe in fire-prone areas. Sales are down 15 percent in Nevada County, 10 percent in Placer county, 18 percent in Shasta County and 24 percent in Tuolumne County.
In many cases, the disruption in the housing market is happening in the parts of California that can least afford it. The economic recovery in fire-prone counties has lagged behind the rest of the state. While statewide incomes grew 42 percent from 2009 to 2017 — not adjusting for inflation — they increased just 34 percent in Shasta County, 31 percent in Amador County and 37 percent in Nevada County, according to the U.S. Bureau of Economic Analysis.
Staci Heaton, senior regulatory affairs advocate with the Rural County Representatives of California, a lobbying organization, said much of rural California has never fully recovered from the collapse of the timber industry in the 1990s. Tourism, which helped offset the losses in the forestry business, has been on the decline.
And now skyrocketing insurance rates are adding another challenge.
“We’re already struggling to keep our communities and our counties solvent and afloat and find industry and jobs,” she said. “We see this as an additional stressor that just compounds everything else.”
Andy Lucas has seen the problem first hand. As head of the Lake County Economic Development Corp., he’s struggled to lure businesses and residents to a county where population is stagnant and 20 percent of its residents live in poverty.
“With what we’re seeing with insurance premiums, that is an absolute barrier to attracting residents and economic development,” Lucas said. “If a developer or business owner were looking to come into Lake County, they’d have to look at the insurance cost …. It’s certainly a hindrance.”
The regions such as Lake County that are struggling with the insurance crisis tend to be inside the boundaries of what California fire officials have designated as “very high fire hazard severity zones” — the places most vulnerable to devastating wildfires. A McClatchy investigation earlier this year found that that more than 350,000 Californians live in towns and cities that exist almost entirely within those zones.
The investigation also found that Cal Fire’s designations have proven eerily predictive about of the state’s most destructive wildfires in recent years. The Camp Fire in Paradise, the worst in state history, was almost entirely inside such a boundary. Malibu, where the Woolsey Fire burned more than 400 homes last year, also falls within very high hazard zones. The small Lake County town of Cobb, much of which was destroyed by the Valley Fire in 2015, was in one of these zones.
The county has burned and burned again in recent years, with hundreds of thousands of acres scorched. About 2,000 homes have been destroyed by fire since 2015. Not surprisingly, real estate agents have learned to make sure buyers line up their insurance coverage at the front end of any deal.
“It used to be you’d wait until the last minute to get their insurance,” said Christine Scarioni, a Coldwell Banker agent in Lake County.

PROBLEMS IN SOCAL

The real estate market in fire-prone areas of Southern California areas is experiencing similar problems, but the costs can be greater in coastal communities where property values are higher than in the Sierra foothills, said Pat Potter, managing partner of Bob Gabriel Co. Insurance in Santa Monica.
He described a homeowner in Santa Monica suddenly seeing his $8,600 a year plan he’d had for 25 years canceled. Replacement coverage ranged as high as $25,000 a year. Potter said a deal on a client’s $4.5 million home in Bel Air fell through because the buyer couldn’t find insurance other than the FAIR plan, which only covers a maximum of $1.5 million in potential losses.
“There isn’t a county that I can think of that has not been affected by this,” Potter said. “We’re talking about Riverside, San Bernardino, San Diego, Ventura. You go up and down this state, and I don’t know an area that hasn’t been impacted.”
Meanwhile, the inventory of unsold housing is piling up in the foothills. Janice Wechsler, an agent with Coldwell Banker Residential Brokerage in the rugged Foresthill area of Placer County, said the problem is worsening as homeowners, irate over rising insurance premiums, seek to get out. She’s hearing of longtime residents of the area looking at moving to Nevada, Oregon and Idaho.
“They’re being canceled, they’re watching their rates tripling or quadrupling,” Wechsler said. “It becomes the proverbial straw. They say, ‘I’ve had enough of this.’”
Selling has gotten tougher, however. In Placer County, the unsold inventory index — the estimated time it would take to sell off all the homes listed — rose to 2.7 months in June. That was up 12 percent from a year ago, according to the California Association of Realtors. In Nevada County, the index has jumped by more than a third in the past year, to 5.4 months. In Tuolumne County, it’s soared by two-thirds, to 7.9 months.
Cathy Mudge, a legislative staffer at the Capitol, wants to relocate to Sacramento from Foresthill in the Placer foothills northeast of Auburn. Her home, listed for $535,000, has been on the market since March, and it’s taken far longer than she ever imagined to find a buyer.
The steps she’s taken to improve the marketability — like uprooting 15 trees on her property to reduce wildfire risks — haven’t helped move the property.
“The market has just tanked,” she said.

Saturday, July 27, 2019

Financial Crisis Yields a Generation of Renters

Alex Ruiz, 29 years old, and his wife, Stephanie Johnson, have steady jobs, are setting aside money for retirement and are slowly paying down their student debt.
Yet buying a house seems out of reach for at least another decade. Home values in Asheville, N.C., where they live, are up some 70% over the past seven years. Their student-loan payments and rising rent have made it difficult to save for a down payment, and the houses that go on the market get snapped up right away.
“Day to day we’re OK generally,” said Mr. Ruiz, a case manager at a government-funded agency. “But the depressing part is when we take a hard look at the possibility of our future.”
For generations, the wealth of U.S. households was built on the foundation of homeownership. That is changing.
Homeownership rates for younger Americans have fallen sharply over the last decade. The median age of a home buyer is 46, the oldest since the National Association of Realtors began keeping records in 1981. Economists, policy makers and mortgage lenders expect the trend to extend to younger generations. The decline illustrates what for many Americans is the real legacy of the financial crisis.
People who came of age in the crisis and its immediate aftermath had no bargaining power when they entered the job market, crimping their earnings ever since. They started adulthood when the housing market was crashing and watched as banks foreclosed on their parents — and decided they weren’t interested in tying their fortunes to a piece of property.
Now, as memories of the crisis fade, they want to buy homes but are finding themselves priced out of the market. Home prices have risen across the board but most steeply among the starter homes first-time buyers can afford, as developers focus on high-end properties where profit margins are higher. The average price of lower-priced homes rose by 64% from early 2012 to late 2018, according to mortgage-data tracker CoreLogic, while the price of higher-end homes rose just 40%.
The effects are already reverberating through the economy. More adults in their 20s and 30s are living with their parents, according to census data, which could make them unwilling or unable to move cities for better jobs. The possibility of rent increases could make them less willing to spend, which some economists believe has already contributed to the economy’s slow postcrisis growth. Some young adults said their inability to buy a home had made them rethink having children, which could exacerbate the challenges created by America’s aging population.
“Lower homeownership for young adults means lower economic growth,” said Sam Khater, chief economist of mortgage-finance giant Freddie Mac. “That’s it in a nutshell.”
Homeownership rates for young people are near their lowest levels in more than three decades of record-keeping. About 40% of young adults, ages 25 to 34, were homeowners in 2018, according to federal data analyzed by Freddie Mac. That is down from about 48% in 2001, when Gen X-ers were young adults. Some economists calculate the decline is actually even steeper.
The crux of the problem: Home prices have outpaced wage gains. From roughly the end of 2000 to the end of 2017, median home prices rose 21% after adjusting for inflation, while median household income rose 2%, according to federal and industry data analyzed by Freddie Mac.
Some of the drop in homeownership is a matter of preference. The financial crisis made today’s young adults averse to debt and risk, lenders say. That means they might be willing to spend on daily luxuries but not to tie up the bulk of their money in a mortgage.
Millennials aren’t making up for lost home equity in other investments. The median net worth for young families plunged by nearly a third from 2001 to 2016 after adjusting for inflation, according to the Federal Reserve.
Even if millennials soon start buying homes en masse, as some banks and mortgage lenders predict, there are consequences to buying late. A recent report by the Urban Institute examined homeowners who turned 60 or 61 between 2003 and 2015. Those who bought their first home between ages 25 and 34 had median housing wealth of about $149,000. Those who waited until ages 35 to 44 had half that.
The effects of not buying, or buying late, should become more clear as millennials enter new stages of life. The median family net worth of homeowners is more than $230,000, according to the Fed, compared with $5,000 for renters.
Without home equity, people are less able to weather job losses or unexpected medical expenses, and less able to start small businesses. Baby boomers could find that when they want to downsize, there are fewer buyers because younger adults never built up equity in a first home. And decades from now, millennials might have to keep working well into retirement age.
“Jobs are plentiful, the economy seems good, and lenders are going to look at this and say, ‘Everything’s great,'” said Brad Blackwell, who recently retired as head of housing policy at Wells Fargo & Co. “But they should take the long view.”
In Philadelphia, Nate Baird and his wife have set a goal to buy a home next year, before their son starts school.
Mr. Baird, an emergency-preparedness planner, took a second job teaching at a local university to earn extra income to save for a down payment and pay off student debt.
“We’ve thrown ourselves into working,” said Mr. Baird, 33. “It’s a trade-off.”
Though mortgage rates are low, that matters little when home prices are rising faster than income. Increasingly, the young adults who can afford homes will be those whose parents can help with a down payment, economists and lenders said.
Elysse Lane and her husband finished business school in 2016 and wanted to live in the San Francisco area, where she had a job offer and family. They moved to Austin, Texas, instead, in large part because buying a home in California seemed impossible.
But the market in Austin is crowded too. They have put offers on three homes but lost to other bidders. One small comfort: They don’t really feel out of place. Many of their friends are in similar situations.