The Afternoon Wrap: Wednesday

The Dow Jones drops below 8,000 points for the first time in five years, while consumer prices fall 1 percent, raising the threat of deflation. [NY Times]

Joe Ardizzone—Willets Point’s only homeowner—rallies local businesses to fight Bloomberg’s redevelopment plan. [City Room]

Hunter College study shows cyclists break traffic laws. Nah, really? [City Room]

The Gramercy 19 condo comes to the “Block Beautiful.” [Curbed]

Local group Williamsburg Independent People steps up to fight the $1.3 billion New Domino development. [Curbed]

In order to boost sagging sales, a Tribeca condo scores its very own sommelier. [TRD]

New board game created by real estate developer hopes to make real life decisions in the industry a little easier. [TRD]

Triborough Bridge officially renamed the Robert F. Kennedy Bridge. [NY1 via West Bronx Blog]

Instead of closing, the P&G Café may be moving to the site of the old Evelyn Lounge right across from the Museum of Natural History. [Lost City]

Betting that there are still companies out there with the means to expand, Prudential Douglas Elliman markets five new retail spaces at 177 Lafayette Street. [The Daily Transom]

Let the Atlantic Yards deathwatch begin. [AYD]

Curbed founder Lockhart Steele part of Dan Abrams’ new media consultancy. [WSJ]

The Afternoon Wrap: Wednesday