Residential housing had a good year in 2012, but Brooklyn’s commercial market may be doing even better. According to a new report out from Brooklyn commercial real estate firm TerraCRG, there were 40 percent more commercial sales in 2012 than in 2011. The $4.38 billion in sales was double that of 2011. Development sites zoned for residential buildings were in the most demand. Investors spent $695 million on these sites, up 221 percent from 2011. Mutifamily sales accounted for $1.3 billion and 585 transactions — the most of any category. Bed-Stuy, Bushwick and Crown Heights (which the report lumps into a single zone) had more commercial transactions than any other area considered by the report — 529 in total. Investors may also be getting more comfortable with larger purchases: there were 59 sales topping $10 million, about twice the number in 2011.
Judge Dismisses 150 Joralemon’s Bike-Share Suit [Streetsblog] Citi Bike May Raise Rates [Gothamist] What’s up With Cops Ticketing Jaywalkers at McGuinness? [Greenpointers] Sweat Lodge on the Shore of the Newtown Creek Via Urban Spa Organics [Greenpointers] Open Studio: Lady Grey’s Industrial Greenpoint Studio Is a Metal Head’s Dream [Racked] Nightwood Is Leaving Williamsburg, Sharktooth Is Moving In [Bedford + Bowery] The Yellow King Will […]
Learn about gardening and food policy at the Brooklyn Botanic Garden this weekend during its 33rd annual Making Brooklyn Bloom conference. The event, which is free with admission to the garden, includes workshops, networking lunches for gardeners and urban famers, walking tours and gardening how-tos. Workshops will cover topics like composting, soil contamination, nature walks […]
Brooklyn, one building at a time. Name: Row houses Address: 175-183 6th Avenue Cross Streets: Lincoln and Berkeley places Neighborhood: Park Slope Year Built: 1889 Architectural Style: Romanesque Revival Architect: Frederick B. Langston Other work by architect: Row houses on Hancock Street, Bedford Stuyvesant. With frequent partner Magnus Dahlander – row houses, flats buildings in […]
A group of artists are transforming a large parking garage on Dean Street between Grand and Classon into a performance space that will feature a restaurant, bar, art gallery and a large backyard, as DNAinfo was the first to report. Their venture, Global Square, will host concerts, dance performances, movie nights and art shows at […]
Crown Heights 466 Prospect Place Broker: Fillmore Price: $2,999,000 Sunday 1:00 – 2:30 GMAP Williamsburg 265 North 6th Street Broker: Elliman Price: $1,750,000 Sunday 1:00 – 2:30 GMAP Crown Heights 1537 Pacific Street Broker: Urban Vue Price: $1,600,000 Saturday 10:00 – 2:00 GMAP Bed Stuy 600 Hancock Street Broker: Sky Group Realty Price: $800,000 Saturday […]