Despite the assertion, which we noted earlier, by David Lombino of Two Trees, that “There is only one possible use” of the Watchtower headquarters buildings (photo), “and that’s luxury condominiums”, The Real Deal, citing BloombergBusiness, notes that major Manhattan office developers have expressed interest in the property. Among those are Vornado Realty Trust and Silverstein […]
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TerraCRG and aptsandlofts.com are continuing much-needed efforts for Hurricane Sandy Relief, in a partnership with “United Way Rallies NYC Real Estate Industry Support for Storm Victims.” The commercial real estate brokerage with its partners is launching a fund-raising effort to facilitate and encourage donations from the real estate community to benefit victims of Hurricane Sandy […]
Commercial real estate in Brooklyn remained robust throughout the first half of 2012, according to a report from commercial realty group TerraCRG. Some 563 sales worth more than $1.23 billion were recorded, an increase of 50% in dollar volume over the period last year. Downtown—which includes Brooklyn Heights in the report—and Park Slope led with […]
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