Real Estate

The median apartment rent in New York City has risen by 75 percent since 2000, while real incomes have declined by 4.8 percent, according a report issued Wednesday by New York City Comptroller Scot … Full Article

Tax plan may kill American dream of home ownership

Everyone – even, at times, Gov. Mitt Romney – speaks glowingly of our middle class and how important it is to our system of government because it enables even the financially humble to aspire to a higher quality of life for them and their families.
 … Full Article

Bossert Hotel's fate rests with BSA on Jan. 8

Brooklyn Heights
In its ongoing consideration of the controversial conversion of the Bossert Hotel in Brooklyn Heights back to its original transient hotel status, the Board of Standards and Appeals (BSA) has asked for papers from both the development team and its opponents. … Full Article

Joe Sitt, Thor Equities sell Bond St. Garage

Thor Equities and its principal Joseph Sitt are selling the Bond Street Garage in Downtown Brooklyn.  … Full Article

Forest City to go pre-fab for next tower

Atlantic Yards
Ending speculation about whether Forest City Ratner would build its first Atlantic Yards housing tower with off-site “modular” construction, the giant real estate firm this week announced that it has signed a $117 million contract with construction firm Skanska USA to build the tallest modular bu … Full Article

$90.5 million renovation of 25 Washington Avenue underway

Navy Yard
The $90.5 million renovation of 25 Washington Avenue, the future site of graduate film studies for Brooklyn College and the City University of New York, is underway, Brownstoner … Full Article

NYU on the `CUSP’ of MetroTech launch

NYU’s Center for Urban Science and Progress (CUSP) Tuesday announced that it will launch its inaugural programs and host its first class of 50 students at MetroTech.  … Full Article

Ratner called in on New Nassau Coliseum plan

The developer behind Brooklyn’s Barclays Center has been named to a team that will come up with a new proposal to develop the 77-acre Nassau Coliseum site on Long Island. … Full Article

Empire Stores damage in DUMBO

The 19th century Empire Stores warehouse in DUMBO suffered doors torn from their hinges and other damage from Hurricane Sandy. … Full Article

Cobble Hill Development Gets Green Light from Landmarks Commission

Cobble Hill
A proposed development at 110-128 Congress St. in the Cobble Hill Historic District is going forward with the recent approval of the Landmarks Preservation Commission (LPC). The vote was unanimous, according to Elisabeth de Bourbon, press secretary.  … Full Article


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