The Afternoon Wrap: Wednesday

Wall Street closes down sharply, obliterating Election Day gains, amid reports that the country’s service industries had contracted. [NY Times]

Williamsburg’s spontaneous Obama celebration packs Bedford Avenue. [Free Williamsburg with video]

Police clamp down on the Burg’s “raucous” revelers, arresting three. [City Room]

Another Obama celebration winds its way through the East Village. [Vanishing New York]

An analysis of median home sale prices across the region shows significantly more volatility in Manhattan and the Hamptons as compared to the outer-boroughs. [Curbed]

Hotel Chelsea resident has spy-cam secretly installed in apartment, plays prank on spy-cam. [Curbed]

Memorial Sloan-Kettering Cancer Center seeks state approval for construction of a $5.1 million facility at 557 Atlantic Avenue in Brooklyn—its first outpost beyond Manhattan. [TRD]

Since they're able to help floundering developments when no one else will, special “hard money lenders” are prospering in these tough times. [TRD]

National Geographic Television to honor NYC’s second-tallest building—the 1,200-foot tall Bank of America Tower—with a one-hour documentary at 9 p.m. tomorrow. [Architectural Record]

The city tries out its first parking-protected bike lane. [Streets Blog]

Major Washington, D.C., property—featuring 44 bedrooms and 35 bathrooms—now in contract. [BoogieDowner]

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