Category Archives: Uncategorized
Multi-Family Data Point: 246 Pacific Street, Boerum Hill
The number of multi-family transactions citywide are at a historic low but a few deals are getting done. A 25-unit five-story rent-controlled multi-family walk-up at 246 Pacific Street just traded hands (deed recorded 2/18/10) for $2,900,000, or $168.46 per square foot. Appears some type of not for profit was the buyer. According to the selling [...]
What I’m Reading/Watching/Hearing
Donald J. Trump Jr. (NY Times) Brownstone’s Costly Rescue (NY Times) How Credible Is Case-Shiller? (Real Deal) Deloitte’s Theory on CRE (Square Feet Blog) Bulls Versus Bears, Part 3 (Knakal Streetwise) Apartment Rents Rise, Sectors Stabilize (WSJ) Global High-End Housing Down 5.5% (The Matrix)
No Relief for Architects in Sight
It’s bad news again for architects, according to the January Architecture Billings Index. The AIA reports that the number declined again in January, marking the start of the third year of drops. In fact, the slope was steeper this time, although January is a notoriously bad month for the construction industry. Some details: residential firms [...]
Pseudo Land Sale Data Point: 54 State Street, Brooklyn Heights
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