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Entries matching 'commercial klutch'
November 19, 2009
Another report from the trenches courtesy of our anonymous commercial real estate correspondent... This year's biggest pure market disaster is arguably retail rents, off from thirty to fifty percent. Prime space in Dumbo once worth nearly $60 a foot...
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October 15, 2009
Our masked correspondent is back with the commercial dish... The beautiful building that should have won the Chamber’s Building BK Awards Preservation category this year doesn’t great retail make. BellTel’s ground space goes begging - spaces too big for...
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July 21, 2009
Our masked correspondent gives us this month's skinny on the commercial real estate market in Downtown Brooklyn and environs....Beautiful buildings? See the newly-built Toren or its neighbor the BellTel Lofts, carved out of the historic telephone headquarters. Visit the...
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June 26, 2009
The vast (for Brooklyn) modern MetroTech seems to be following Manhattan down. While there is a 350,000-sf lease out there, we imagine it is cheap space. A recent proposal to a tenant went out under 22 bucks, we hear....
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May 27, 2009
Join us again as our anonymous embedded blogger dishes on the commercial market in Downtown Brooklyn and environs. The market’s sending mixed messages, monkeying with my mind. Deals are being done for dear dollars, yet availability is awfully up,...
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April 24, 2009
Join us again as our anonymous embedded blogger gives us the straight dope on the commercial market in Downtown Brooklyn and environs. Mirroring the more active stock and residential markets, the northern BK commercial environment is increasingly vibrant. In...
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March 27, 2009
The straight dope from our masked commercial correspondent... For the moment, office space prices in the Court/Montague market seems to be settling in. More tenants are in the market in recent weeks, leading to deals in the $28 to...
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February 20, 2009
Join us again as our anonymous embedded blogger gives us the skinny on how the commercial market in Brooklyn is faring. Reporters are asking us how much rents have dropped in Downtown Brooklyn market. While it is hard to...
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January 22, 2009
And now it's time for another monthly installment from our masked commercial correspondent...Office market sucks. Still, deals are being done where they can be done - low. High-profile, 12-year 35,000 rsf WEIL GOTSHAL...Deal starts at $28 for Class A...
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December 19, 2008
And now it's time for another monthly installment from our masked commercial correspondent...Our Brooklyn office market is increasingly choppy, crazy, cracked. Deals are on, then off, then on again. Economy, credit, other deals falling - tenants constantly reevaluate their needs...
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November 12, 2008
If lease terms didn’t end at a fixed time, forcing tenants to choose, nothing would be happening right now. We hope the super positive election relieves tenant constipation. Many are holding out as long as they can, watching rents...
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October 17, 2008
You’d think the Trader Joe’s opening was the Coming of the Lord the way the crowds keep coming. The 100th guy in line the first day told me he got a free shopping bag. Wow…99 cents inside. We do love...
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September 16, 2008
The Manhattan office market is sinking inexorably, not like a stone but maybe like a bar of soap that don’t float...Huge amounts of institutional Class A space are coming on the market this year and next. Financial job losses...
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August 8, 2008
Today our anonymous embedded columnist delivers the third installment in what is now a monthly feature on the state of commercial real estate in Brooklyn... As we are doing to a degree in residential real estate, Brooklyn is bucking...
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July 8, 2008
Today our anonymous embedded columnist delivers the second installment in his (or is it her?) now-monthly report on the state of commercial real estate in Brooklyn...Downtown Brooklyn & DUMBO office leasing is heading south. A veteran Downtown landlord broker...
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May 30, 2008
This is the first in an irregular series of columns by an anonymous member of the commercial real estate world. Enjoy. Dumbo continues to lead the Brooklyn market in leasing activity by providing space in the $18-$33 per rentable...
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