Our masked correspondent provides his first monthly update of the new year…After four years of looking to buy a DTB building, the Transit Workers Union appears to have let a great deal slip through their grasp at 350 Livingston (photo). $30mm contract out, with heavy owner financing and huge buyer cash. We hear they couldn’t really part with the money, internal issues.

In a sign of retail resurgence, brown paper up all over windows in DTB and surrounding ‘hoods, as failed stores are more quickly replaced than in past years. Many tenants in the market now. Where does all this risk money come from?

38,000 foot deal in One Metro Tech is medical back office, as Crains reported. Sublet from Chase for Bear Stearns space. Crains didn’t quote rent. We bet $26-28 range at best. Always good to have a big taking at MT.

Tenant growth is the best story in DUMBO. Increased demand from existing tenants for more space. Great business cycle sign, as dumbo is mostly business services tenants, which means businesses and individuals buying their services!

Speaking of money, Whole Foods just has to develop that site! They are in over $37 million, between land purchases, legal/development/community costs and major environmental cleanup.
Prior Commercial Klutch Posts [Brownstoner]