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Steiner NYC has sold a majority stake in the Hub, its 55-story Downtown Brooklyn rental tower. The sale of the stake coincided with a $330 million refinancing of the property  Read more

A partnership including Tomas Rosenthal’s Hampshire Properties has acquired a massive site on the Williamsburg waterfront from Con Edison for $50 million, according to sources familiar with the deal. The  Read more

Prolific architect Karl Fischer, known for his ubiquitous though sometimes critically panned designs in Brooklyn, died last week. He was 70. Fischer opened his first architecture firm in 1984 in  Read more

Whittle, meet the Wheeler. Chris Whittle – one of the brains behind the private, for-profit Avenues School – is nearing a deal with Tishman Speyer to make its Wheeler development  Read more

A Brooklyn developer has filed plans for a 13-story building in Bushwick, one of the tallest in the neighborhood. CW Realty, a Williamsburg-based developer, is planning a 70,000-square-foot mixed use  Read more

In Brooklyn, a charter school purchased its four-story building and Irving Langer sold in Far Rockaway. Here are the details on last week’s mid-market investment sales around New York City,  Read more

A decade after community groups sued the city over racial discrimination at a Brooklyn affordable housing development, some of those same groups are part of the team that will develop  Read more

Sam Boymelgreen is the latest developer to bet that Brooklyn office market will finally take off. Boymelgreen, the son of controversial builder Shaya, on Monday filed plans to convert a  Read more

There were 15 contracts signed in Brooklyn’s luxury market last week for a total of about $54.5 million. The properties were split between nine townhouses, four condominiums and two-cops, and  Read more

A Target will replace the former Toys ‘R’ Us and Babies ‘R’ Us spaces at a shopping center in deep Brooklyn. The store will move into a 90,000-square-foot space across  Read more

Shade might be good for wallflowers, but most plants need light. The Brooklyn Botanic Garden is opposing zoning changes that would allow Bruce Eichner’s Continuum Company and Joel Bergstein’s Lincoln  Read more

The Williamsburg Hotel might get a new owner. Two companies, including Brookfield Property Partners, have made offers on Toby Moskovits’ eight-story, 150-key hotel, according to Commercial Observer. The highest offer  Read more

Broker Adam Hess’ departure from TerraCRG has gotten even more contentious, with a lawsuit alleging his former firm owes him $1 million. Hess left the Brooklyn-focused brokerage with two colleagues  Read more

For almost three years, the rental market in Brooklyn was defined by a constantly increasing amount of concessions. But that may be starting to change. After two years and 11  Read more founder Jonathan Butler is cashing out on his first big real estate deal. Butler and his partners are in contract to sell the Crown Heights building that’s home to  Read more

The Real Deal ranked the top performing architects in Manhattan, Brooklyn, Queens and the Bronx by square footage of projects between 2008 and 2018. Read more: NYC’s architects re-angle Check  Read more

Industry City’s owners have agreed to delay their rezoning application for the 30-acre complex, days after City Council member Carlos Menchaca said that the plan would be “dead on arrival”  Read more

There were just seven contracts signed in Brooklyn’s luxury market last week for a total of about $18.3 million. The properties were split between five condominiums and two townhouses, and  Read more

Santander Bank has provided John Catsimatidis’ Red Apple Group with a $200 million refinancing package for its Downtown Brooklyn project the Eagle. The debt for the 32-story project at 86  Read more

The prettiest projects at the outer boroughs dance for lenders last month were developments in Brooklyn and Queens. Brooklyn had six loans in the top 10, including the top three,  Read more

The office conversion at 10 Jay Street in Dumbo has a new look and at least one tenant confirmed: SoHo House’s co-working concept, SoHo Works. The new Dumbo location will  Read more

A partnership between the Fruchthandler and Schron families has parted with a 223,000-square-foot warehouse on the Brooklyn waterfront. Prime Storage picked up the property at 62 Imlay Street for $100  Read more

NEW DEVELOPMENT CONDO REPORT BROOKLYN Inventory declined as sales outpaced new filings Developers filed 10 plans with 82 units The state approved eight plans with 46 units valued at $52  Read more

Money set aside through the EB-5 program for Brooklyn’s Pacific Park megaproject could end up in one of two billion-dollar-plus Manhattan developments. Nicholas Mastroianni II’s U.S. Immigration Fund, the regional  Read more

Alloy Development and the Davis Companies are moving ahead with their plan to convert two Dumbo properties into luxury condominiums, closing this week on the acquisition and financing. The developers  Read more

Quinlan Development Group and Building & Land Technology have landed a $152 million senior loan from PCCP for their recently converted Downtown Brooklyn office building. The financing will go towards  Read more

The city’s Administration for Children’s Services plans to lease 140,000 square feet of office space in Downtown Brooklyn at Brookfield Properties’ 12 MetroTech in an effort to improve its efficiency.  Read more

INVESTMENT SALES IN MANHATTAN AND BROOKLYN Manhattan investment sales in January reached just over $3 billion in deals recorded— 12 percent above the 12-month average, but down 30 percent from  Read more

Rabsky Group has gotten an extension on $100 million in past-due loans for a Downtown Brooklyn development site it hopes to build a 942-foot-tall tower. The developer signed a deal  Read more

A trio of adjacent sites in Gowanus was supposed to be the home of Knotel’s first ground-up development in the city. But that deal didn’t pan out, and the owners  Read more

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