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For real estate trends & commercial real estate news, Commercial Observer has the latest on leases, financing, sales, construction, architecture, & design.
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News
Purple Crayon Preschool Takes 5K SF at 544 Carroll in Brooklyn
9+ mon, 4+ day ago (214+ words) Early childhood education provider Purple Crayon has inked a 4,600-square-foot ground-floor retail lease at 544 Carroll, a boutique apartment complex at the corner of Carroll Street and Fourth Avenue near Park Slope and Gowanus in Brooklyn, design and development firm Avery…...
Brooklyn’s Industry City a Surprising Oasis for Proptech Startup
4+ mon, 16+ hour ago (498+ words) Brooklyn resident Allia Mohamed, CEO and co-founder of rental platform Openigloo, used to go to Brooklyn’s Industry City as a patron of its restaurants, shopping and events. Eventually, Mohamed also saw a place to grow her startup company. In other…...
Brooklyn's Office Market Is Mirroring Trends in Manhattan
7+ mon, 2+ week ago (1394+ words) Whatever happens in Manhattan real estate usually takes a while to reappear in Brooklyn — albeit in a slightly smaller or more affordable form. Office brokers and owners on the other side of the East River seem to be adapting and…...
Webster Bank Lends $30M for Brooklyn Navy Yard Manufacturing Center
5+ mon, 1+ week ago (338+ words) The Brooklyn Navy Yard Development Corporation (BNYDC) has sealed a $30 million sub-leasehold mortgage loan for its Green Manufacturing Center (GMC) property, Commercial Observer has learned. Webster Bank supplied the loan for the GMC, which is a set of three buildings…...
Coworking Company The Malin to Open 15K-SF Space in Brooklyn Heights
9+ mon, 3+ week ago (407+ words) Coworking company The Malin is expanding again in New York City, this time in Brooklyn Heights. The Malin, which claims to deliver a “consistently elevated workspace experience” across its growing portfolio, has signed a 15-year lease for approximately 15,000 square feet…...
Brooklyn’s Green-Wood Cemetery Comes Alive With a Restored Visitor Hub
4+ mon, 3+ week ago (358+ words) As stunning and haunting as the arches are, Green-Wood Cemetery wanted to create a different kind of welcome for visitors before guests go walking up the hill at 25th Street and Fifth Avenue and through those beautiful arches. The nonprofit wanted…...
CIM Group Plans 661 Housing Units at Former Watchtower Site
5+ mon, 4+ week ago (196+ words) Developer CIM Group has submitted a rezoning application to bring 661 residential units — 165 of which would be designated as affordable housing — to the five-building Brooklyn Heights site also known as the Watchtower Buildings. CIM Group did not immediately respond to Commercial…...