norah jones's windows

BFD

Posted by: BK realestate veteran at November 20, 2009 12:20 PM in response to Thursday Blogwrap

Denton, very interesting. MOthball it? where you hear that?

Posted by: BK realestate veteran at November 19, 2009 3:36 PM in response to Commercial Klutch: November Edition

Flattery is singularly inappropriate for that area, rambo better... but i like it, funny and catchy. Area needs something!
DoBro has been used many times on Brownstoner, where youse guyz been.... i prefer downtown brooklyn

dumbo was considered dumb for yeara, but worked.. name came from artists ironically naming area in reaction to 70's boom in names like boerum hill and cobble hill, i am told authoritatively but it stuck, ironic or not dude

Posted by: BK realestate veteran at November 19, 2009 3:09 PM in response to Commercial Klutch: November Edition

i hear it is same operator as across the street actually

Posted by: BK realestate veteran at November 17, 2009 10:39 AM in response to Johnson Gourmet Deli Revealed

Petebklyn - probably just like Citypoint financing. Tax free bond financing, which means people who buy the bonds don't pay taxes on income. Govts. been issuing these for decades.
so rate lower to borrower. In this case, means they can get financing period.
Great news for that ugly corner......

Posted by: BK realestate veteran at November 10, 2009 10:51 AM in response to Stimulus Boost for Downtown Brooklyn Hotel

Williamsburg is being eliminated, too many bad memories
West Bushwick for everything east of highway
and South Greenpoint for all else....

Posted by: BK realestate veteran at November 9, 2009 11:21 AM in response to Creative (Desperate?) Neighborhood Rebranding

he also looked at One BB, One Main super clock unit, others

Posted by: BK realestate veteran at November 9, 2009 11:02 AM in response to Roddick Condo Hunting in Brooklyn?

let's have some good design and interesting buildings
plenty of brownstones and brick around, lots of fischer and scarano solutions bravo enrique!

Posted by: BK realestate veteran at November 5, 2009 3:28 PM in response to Development Watch: 580 Carroll Gets Its Glass On

Once again M.M. comes through. Love this piece.

Posted by: BK realestate veteran at November 5, 2009 10:55 AM in response to Walkabout: Italianates, the Ornamental Imperative

With national credit tenants barely making a sound i think they'll have to accept what the area needs, a food market...
rents have fallen so far in retail, painful for owners
great for tenants

Posted by: BK realestate veteran at October 15, 2009 1:28 PM in response to Commercial Klutch: October Edition

HRA may not move to 470 Vanderbilt and hasn't set a final location. Lots of cheap space in lower Manhattan.....
City does what it wants to do.

Posted by: BK realestate veteran at October 15, 2009 12:33 PM in response to Commercial Klutch: October Edition

Oh, by the way, Klutch out of date a bit. HRA deal for MetroTech 4 is dead.

Posted by: BK realestate veteran at October 15, 2009 12:01 PM in response to Commercial Klutch: October Edition

The MTA, one of the largest land owners in the City, won't let go of 370. Should be preserved, retailed and reno'ed for small office tenants. Arguable a historic structure designed and built by the State.

Posted by: BK realestate veteran at October 15, 2009 12:00 PM in response to Commercial Klutch: October Edition

Henry W is fee owner of 752 Pacific and as such was the leasor to Boymelgreen. It is latter's remaining staff being evicted, not Henry W.

Posted by: BK realestate veteran at October 9, 2009 10:16 AM in response to Atlantic Yards: Shaya Gets the Boot

You dreamin' if you think anything will change on court case.
Appeals will affirm. Kelo was an outrageous taking that was still upheld by the courts. Stuyvesant Town was the first taking by govt. for a private developer, upheld by the Supremes in 1948. It is over, stick a fork in it, get used to it. Arena is coming.

Posted by: BK realestate veteran at October 2, 2009 3:12 PM in response to Ratner Times His Bond Sales

the development is to make job space, space for industrial users to occupy

Posted by: BK realestate veteran at September 30, 2009 12:07 PM in response to Development Funds Flow into Sunset Park

that property shown is privately owned and not subject to the program city-owned stuff a few blocks south of there

bush terminal in 'two pieces'
city part and industry city part

Posted by: BK realestate veteran at September 30, 2009 12:07 PM in response to Development Funds Flow into Sunset Park

This has been in the works, common knowledge and well-communicated for literally Years. Snore.

There are few if any artists in the building. BK Papers story a bit senstational. Maybe a couple in the shared office space suites on two floors. top floor tenant moved out. AHRC has much space in lower floors and they are onto to space elsewhere in boro as they have been noticed years ago.

Posted by: BK realestate veteran at September 30, 2009 11:58 AM in response to 25 Washington Conversion Confirmed

fuggedaboutit

Posted by: BK realestate veteran at September 25, 2009 12:34 PM in response to Listings Up For 93 Nevins Street

i hear illegal space divisions included sheetrock covering sprinkler heads and all that kind of stuff
why i won't help people find 'live/work'
this vacate trend will accelerate in prep for condo upswing in 3-4 years... caveat emptor

Posted by: BK realestate veteran at September 25, 2009 9:58 AM in response to DOB Shuts Down Sweater Factory

never ever made sense for office....

Posted by: BK realestate veteran at September 10, 2009 11:55 AM in response to Glassy Gowanus Office Site on the Market

This arena is arguably the most important project for BK since R. Moses blocked the Dodgers. Basketball just part - rock and roll, religious events, NCAA, Caribbean festival, the Pope....We must have this arena. Perfect location.
Will be very tough on cars, great for public transit, but huge huge huge for BK.

Posted by: BK realestate veteran at September 10, 2009 11:37 AM in response to Ourousoff Weighs In On Barclay's Center Design

building will also house the BKLYN Prospect charter school until they settle into their permanent home

Posted by: BK realestate veteran at August 27, 2009 1:01 PM in response to Sunset Park Finally Getting Its Own High School

rental apartments

Posted by: BK realestate veteran at August 26, 2009 2:14 PM in response to Is Dumbo's 25 Washington Going Residential?

Toren will start closing in September and is over 50%. No way. Forte in hands of bank at around 30%. Be worked out with banks and is showing/selling. More likely goes rental than affordable.

Posted by: BK realestate veteran at August 25, 2009 11:08 AM in response to Mystery Downtown Development Going Affordable

city of new york has over 800,000 parcels
no agency can follow that... only when issues arise do they vacate, most illegals are left alone sort of like being the woods, most people don't get bit bah bares, but sum do

Posted by: BK realestate veteran at August 18, 2009 4:55 PM in response to Eviction at 889 Broadway Ruffling Feathers

this is a commercial building? tenants at risk in those situation as illegal to use them and unsafe landlord also at risk of huge damages resi use of commercial drives out commercial tenants and raises rents for the remaining
CAVEAT EMPTOR

Posted by: BK realestate veteran at August 18, 2009 10:01 AM in response to Eviction at 889 Broadway Ruffling Feathers

tenant was looking for years off and on in brooklyn

they paid a mid-thirties rent, which is high, but in exchange got a huge buildout deal in Ratners's best located building

very nice people doing very interesting work

you should know that Forest City is arguably the best commercial landlord in BK from tenant point of view, they really take care of their people emmis

Posted by: BK realestate veteran at August 12, 2009 3:10 PM in response to Science Moves to Downtown Brooklyn

Toren hot, cool, outrageous. Everything else near cookie cutter but FCR building. Of course many folks hate it but many think it superior. Building also greenest skyscraper ever in BK.

Posted by: BK realestate veteran at August 5, 2009 4:53 PM in response to Development Watch: 80 Dekalb Getting Close

it was around the 80's very very good chicken

Posted by: BK realestate veteran at August 3, 2009 11:13 AM in response to Streetlevel: The Return of Hot Bird!

ringo, no clearing house but there are a few smaller offices in court/montague area and some in dumbo under 1000 sf kyle@iccws.com is a specialist in that size there just aren't many available jpmorgan types no interest whatsover

Posted by: BK realestate veteran at July 21, 2009 11:34 AM in response to Commercial Klutch: July Edition

there were folks in there for over twenty years, not all artist i understood there were only six tenants over a year ago, not many artists
one guy was really holding out... and you sure they are all out?

Posted by: BK realestate veteran at July 17, 2009 12:17 PM in response to Conversion Planned for 201 Front Street

Financially makes no sense for WF to do this as supermarket only. Margins too low, business down. They are seeking a developer to build for them and add other commercial and possibly residential space to the mix, to make it work.
WF wants built space for super cheap, wherever they go, so they can make a profit. Very challenging project to put together. They want to be in BK and are looking at all options. Tough to find large spaces in good locations anyway, and then WF wants really cheap deal.

Posted by: BK realestate veteran at July 16, 2009 1:04 PM in response to Whole Foods "Actively Working" to Open Gowanus Store

Rent dreams... 'high end' rentals crashing. larger units and above 2500,3000 stuff will dive now and/or this winter as more product comes on, banks/developers rent their vacants and all the dowtown BK stuff comes on

Posted by: BK realestate veteran at July 14, 2009 10:22 AM in response to Viridian Rentals Hit the Market

Zinka, thanks for update. I am told spaces like these either end up as high end clothing (easthampton bank example) or as event spaces (Bowery Savings into Cipriani on East 42nd).
So event space it is....

138 Court is the retail in the small building next to Trader Joe's that were part of the deal for the site. Former pet store, UPS store.

Posted by: BK realestate veteran at July 1, 2009 8:40 AM in response to Commercial Klutch: June Edition

Hadn't heard they got a lease at One Hanson.
What news?

Land deal on Atlantic around 110 recently.
Yes, hard to comp. Down 10 to 20% at least.
Very little at all happening i am told.

Posted by: BK realestate veteran at June 26, 2009 4:01 PM in response to Commercial Klutch: June Edition

THERE IS NO MARKET VALUE OF THE SITE NOW. NO ONE CAN FINANCE DEVELOPMENT THERE BUT FCRC. THEY WOULD RECEIVE NO PLAUSIBLE BIDS READY TO CLOSE FROM ANYONE. LARGE SCALE DEVELOPMENT MARKET IN BK IS DEAD DYING DEATH DEAD DYING

Posted by: BK realestate veteran at June 25, 2009 11:31 AM in response to MTA Ignores Fiduciary Duty, Approves Revised Yards Plan

yes, just like apartments, too much space
national retail dead, locals still in
restos seeking space, creative tenants but
credit tenants, ouch....

Posted by: BK realestate veteran at May 27, 2009 5:08 PM in response to Commercial Klutch: May Edition

basically... i hate you, envious

Posted by: BK realestate veteran at May 27, 2009 5:06 PM in response to Postcard from Amalfi: Convent in the Hills

One Hanson a challenge due to landmarked and unusual space. Very sad Borders deal pulled by company last year. Typically, these spaces are used by clothing retailers or caterers. Former won't happen and latter doesn't provide the credit needed by owner, which wants to sell the retail condo space.
ORO quite a location. Needs to lease cheap to deli, dry cleaner pick up location, whatever will go there. Forte i don't get....

Posted by: BK realestate veteran at May 27, 2009 1:27 PM in response to Commercial Klutch: May Edition

We had a near deal for the entire space for a food tenant but latter's group took forever to decide so we lost space. Bummer.

Posted by: BK realestate veteran at May 18, 2009 2:55 PM in response to Streetlevel: Former Dollar Store to Become...a Dollar Store

Lease-violating deal btw Boy.& Ratner was an attempted assignment, which was struck down quickly by State Supreme Court and now upheld unanimously by Appelate Division. A slam-dunk win for owner. Origingal long-term boymelgreen lease now void and latter's offices can be evicted! I imagine FCity may appeal to Court of Appeals but on what grounds could they win.....

Posted by: BK realestate veteran at May 12, 2009 9:36 AM in response to Boymelgreen-Ratner Deal on Pacific Was Indeed "Improper"

Big problem is banks - takes way too long to get commitment, credit scores have to be too high, paperwork demands heaviest ever. Get loans, that is problem, not buyers, at least under 700k.

Posted by: BK realestate veteran at May 4, 2009 11:11 AM in response to Signs of Life for Williamsburg Condos?

Brikenny, the units will be tiny and w/o kitchens. Would be huge job to change. What they could do is 'long term stay' or transitional for homeless or other similiar populations.

Who will stay here? parents of park slope folks, who else. Plus, right near Draft Barn.
come'on.

Posted by: BK realestate veteran at April 8, 2009 1:11 PM in response to Another Hotel In The Works for Gowanus

Typical BHeights anti-everything bull. Sign is been up 30 yrs longer than landmark law (approx)! Outrageous. Restaurants are our factories of today, providing entry level jobs to the world. Help them don't hinder them!

Posted by: BK realestate veteran at April 8, 2009 10:35 AM in response to Armando's Is Returning, Its Sign May Not

with 1265 dean at 995 or whatever, seems high
again, cool block though

Posted by: BK realestate veteran at March 10, 2009 5:00 PM in response to House of the Day: 1234 Dean Street