Clik here to view.
Could Rent Control Die by Decade’s End?
About those rent-controlled apartments. Beyond the sad story of peeling paint and killer court fees, what really caught the Observer's roving pink eye was a chart from the Census Bureau listing the...
View ArticleClik here to view.
True Religion Comes to Brooklyn, Borough of Churches
Hill of The Lord Ministries, a non-denominational Christian church, signed a five-year lease at 204 28th Street in Sunset Park. The asking rent was $14 per square foot. Apostle Samuel Appiah, church...
View ArticleClik here to view.
The Sun Also Rises: Sunset Park’s Booming Artisanal Economy
The Brooklyn Army Terminal plays only a peripheral role in Last Exit to Brooklyn, Hubert Selby Jr.’s dystopian 1964 novel about the Sunset Park and Bay Bridge neighborhoods of Brooklyn. But the...
View ArticleClik here to view.
Wireless Digital Group Signs 3,600-Square-Foot Industry City Lease
The cell phone company Wireless Digital Group signed a five-year lease for 3,600 square feet at Brooklyn's 16-building, 40-acre Industry City compound. Wireless Digital will be moving to Building 10 in...
View ArticleClik here to view.
Bike Share Sets Up Shop in Sunset Park
The NYC Bike Share program, branded Citi Bike, has set up its headquarters in a 39,200-square-foot space at 53rd Street and Third Avenue in Sunset Park, Brooklyn, it was announced today. Asking rent...
View ArticleClik here to view.
Brooklyn’s Sunset Park Comes Alive
Industry City, the massive development on the South Brooklyn waterfront, has contributed to Sunset Park's resurgence. People who have long watched Brooklyn real estate might feel a peculiar sense of...
View ArticleCreative & Tech: Not Just North Brooklyn Anymore
Dumbo, which garnered its fame as a home for creative and tech by packing tenants into one small neighborhood, now has but a handful of spaces available. Also, the demand-supply spread is way out of...
View ArticleHow Do Typical Brooklyn Tenants Choose Their Locations
People often ask me how typical (under 2,000 square feet) tenants decide on their location. Is it a personal choice? Very much so in today’s world. A recent client, a successful ‘special effects’...
View ArticleLand Rush: Developers Seeking Brooklyn Over Manhattan
The $300-per-foot price being paid for the 1.2 million-square-foot Watchtower Property at the back entrance to the Brooklyn Bridge is a startling number for nonresidential footage. Zoned for commercial...
View ArticleWatch These Brooklyn Bellweather Neighborhoods
One of my pet phrases for northern Brooklynites is ‘south of the park,’ referring to the area of Brooklyn that is south of Prospect Park. Brooklyn is huge, which is sometimes forgotten in the cool buzz...
View ArticleFormer 68th Precinct in Sunset Park Nabbed for $6M
A Brooklyn landlord has closed on a former police precinct as well as an adjacent stable house in the Sunset Park neighborhood in Brooklyn, Commercial Observer has learned. Yosef Streicher paid $6...
View ArticleClik here to view.
Brooklyn’s Sunset Park Is About Much More Than Just Industry City
If a visitor to Brooklyn didn’t know any better, he might think that the words “Industry City” and “Sunset Park” are interchangeable. Yes, Industry City and its 6 million square feet of commercial...
View ArticleFabric Recycler Scores Brooklyn Army Terminal Space
Textile recycler FABSCRAP is upgrading. The nonprofit is relocating its warehouse from Jamaica, Queens to the Brooklyn Army Terminal in Sunset Park. The 18-month-old organization recently leased 4,100...
View ArticleClik here to view.
Real Estate Trends: No Heartbreak on New York Hotel Investing
When it comes to travel, if you ask anyone to list the top cities they’d like to visit, New York would invariably be included. Its compact 321 square miles attracts more than 62 million visitors each...
View ArticleBrooklyn Heights: Timeless, for the Long Term
Every year, it seems, a new area of Brooklyn becomes the designated trendy neighborhood. DUMBO, Williamsburg, Bushwick, Crown Heights, Gowanus, Prospect Lefferts Gardens, Sunset Park and Red Hook have...
View ArticleAriel Property Advisors’ Sean R. Kelly Speaks Bluntly About Brooklyn
It has been a tough year for New York City’s investment sales market, but Brooklyn remained first in transaction volume and second only to Manhattan in dollar volume. Uncertainty leading up to and...
View ArticleClik here to view.
Why Liberty Bklyn is Delivering on Brooklyn’s Industrial Needs
In the past few years, the appeal of industrial property has dramatically shifted across the country. The acceleration of e-commerce is reshaping the character of industrial space, especially in New...
View ArticleFurniture Rental Company Feather Inks 33K SF at Brooklyn’s Industry City
Industry City is about to be awash in chairs, sofas and side tables. The direct-to-consumer furniture rental company Feather just signed a three-year lease to relocate from near the Brooklyn Navy...
View Article
