Brooklyn
CIM Pursues Residential Rezoning for Brooklyn’s Watchtower Complex
The Watchtower buildings, the largely vacant former headquarters of the Jehovah’s Witnesses in Brooklyn, would be converted into hundreds of… Read more
City Council Approves Plans for Brooklyn’s Second Tallest Tower
The New York City Council has approved plans for 395 Flatbush Ave., a residential tower to be developed by Rabina… Read more
Parcel Assemblage Sale Sets East Williamsburg Record for Pricing
Avison Young arranged the $13.5 million sale of a four-lot development assemblage at 873–879 Grand St. in Brooklyn’s East Williamsburg… Read more
Partnership Secures $126M Financing for First of Four Rental Buildings at Gowanus Wharf
Joint partners Charney Companies, Tavros and Canyon Partners Real Estate said Tuesday they have secured $125.536 million in fixed-rate financing for Union Channel, a 224-residential… Read more
Newmark Retained to Lease Office Portion of Downtown Brooklyn Mixed-Use
Newmark has been retained as the exclusive leasing agent on behalf of Capstone Equities and BH3 Management, at 385 Gold St., a… Read more
Ariel Closes Sale of Eight-Building Prospect Park South Portfolio
Ariel Property Advisors closed the sale of a 411,892-square-foot, eight-building, 387-unit affordable housing portfolio situated in the Prospect Park South… Read more
Zenith IOS, J.P. Morgan Close on $130M Credit Facility
Brooklyn-based Zenith Industrial Outdoor Storage (IOS), in partnership with institutional investors advised by J.P. Morgan Asset Management, has closed on a $130-million… Read more
Two Trees Signs Seven New Office Tenants in DUMBO
Two Trees Management Co. has secured seven new office leases in DUMBO, signing Think! Architecture + Design, Group Project Design, Clarity Cubed, Rovi Health, Bonside, CTS Builders and Veda… Read more
Mindspace Expands 25 Kent Footprint with Global Holdings
Global Holdings said that Mindspace, a global flexible workspace provider, will expand its Williamsburg location at 25 Kent Ave. by 11,500… Read more
Square Design Leases Nearly 24K SF at Industry City
Industry City, the 35-acre mixed-use campus in Sunset Park, Brooklyn, announced that Square Design, a full-service design and fabrication company… Read more
Church Acquires Waterfront Development Site in Mill Basin
JLL Capital Markets has arranged the $20.575-million sale of 6065 Strickland Ave., a 2.69-acre waterfront development site in Mill Basin,… Read more
Red Hook Industrial Sale Sets Neighborhood Pricing Record
Marcus & Millichap arranged the sale of an 11,850-square-foot industrial property in Brooklyn for $5,650,000. The property is located at 30 Richards St. in Brooklyn’s Red Hook… Read more
JLL Arranges Loan Facility for Brooklyn Portfolio Acquisition
JLL Capital Markets arranged $19 million in financing for the Edifice Portfolio, a collection of five recently rehabilitated multifamily properties… Read more
StorageMart Adds $1B Self-Storage Portfolio to NYC Holdings
StorageMart, a longtime leader in the self-storage industry, has acquired a portfolio of 15storage properties across New York City, including… Read more
JEMB Recapitalizes, Refinances One Willoughby Square in Downtown Brooklyn
JEMB Realty said Wednesday it had recapitalized and refinanced One Willoughby Square, its 35-story, 500,000-square-foot Class A office tower in Downtown Brooklyn,… Read more
Adaptive Reuse: Not Just for Office or Residential
StorageCafe’s recently released report, “Out With the Old, Enter Self Storage” explained that annual deliveries of space in the 2020s… Read more
Development Team Completes Carroll Gardens’ First Upscale Multifamily Since 2011
The team of developer GH Management, architect IMC Architecture, development manager and owner’s representative Complete Development, construction manager MNC+Sons Contractors… Read more
Atlas Capital Adds 130-Unit East Village Multifamily
Atlas Capital Group acquired 250 E. Houston St., a recently renovated Class A multifamily property in Manhattan’s East Village. Seller and purchase price were not… Read more