The Wall Street Journal reports that unidentified members of the panel appointed by Mayor de Blasio have said data from sensors indicates the cantievered section of the Brooklyn-Queens Expressway under brooklyn Heights is in worse shape than prevously believed. Some panel members have indicated that trucks over a certain weight may have to be banned […]
Tag Archives | wall street journal
Florida Developer Buys Witnesses’ Towers Hotel, Will Convert to Senior Housing
The Wall Street Journal reports that Florida based private equity firm Kayne Anderson has bought 21 Clark Street, better known as the Towers Hotel, from the Watchtower Tract and Bible Society, better known as the Jehovah’s Witnesses, for $200 million. The building has an interesting history, recounted by our late founder here. According to the […]
Secrets of Brooklyn Heights’ Key Food, Gristedes Revealed in Wall Street Journal
Wall Street Journal reporter Anne Kadet recently moved to Brooklyn Heights, and has written a story about the supermrket scene. She likes Key Food on Montague Street, which is handy to her new digs–she even likes Gregory the Mannequin–but is put off by the high prices. She is even more dismayed by Gristede’s prices, which […]
Buyer Seeks To Convert Apartment Building At 50 Orange To “Megamansion”
Curbed, picking up from the Wall Street Journal, reports that Benchmark Real Estate Group, which purchased the 22 unit former Jehovah’s Witness apartment building at 50 Orange Street (photo; southeast corner of Orange and Hicks), has plans to gut it and convert it into a single family residence; in Curbed’s words, a “ridiculous megamansion”. Benchmark […]
Plans For High Rise Buildings At Pier 6 On Ice
The Wall Street Journal reports (the full article is behind a paywall, but you can now get a three month subscription for one dollar) that the board of the Empire State Development Corporation, which has authority over Brooklyn Bridge Park, has put a freeze on plans to build two high rise residential buildings on the […]
More Height for Brooklyn Heights? Nets Star Thaddeus Young Settles Here
Stories in both the Wall Street Journal and New York Times note that power forward Thaddeus Young, a Memphis, Tennessee native who recently signed a $50 million contract with the Brooklyn Nets, has become the first team member to move to Brooklyn, and specifically to Brooklyn Heights. Although the Nets became Brooklyn’s team and began […]
Wall Street Journal Eyes Possible Rental Glut in Brooklyn
According to this WSJ story, real estate analysts are concerned about possible oversupply in the rental housing market in Brooklyn because of the large number of new buildings that have recently been completed, are about to be, or are planned in various locations, prominently including downtown Brooklyn, which real estate people have re-branded as “DoBro.” […]
Here’s a Look at Brooklyn Bridge Park Finances
The Wall Street Journal this morning posted a story about competing financial models for the Brooklyn Bridge Park Corporation. WSJ cites the efforts of People for Green Space, a persistent critic of BBPC, who in August released an examination of the park’s financial projections suggesting that high-rise residential towers planned for Pier 6 were not […]
SaveLICH: The Warren Buffett Connection
It’s an indirect but real one, of which he is aware. It was in its inception highly beneficial, and had not Long Island College Hospital’s owners, with court acquiescence, used funds for purposes not contemplated in the terms of a gift, it could have averted the crisis LICH and the communities that depend on it […]
SUNY Sustainability Plan: Sell or Close LICH
SUNY has released its Sustainability Plan, which focuses on preserving its teaching function at University Hospital of Brooklyn while seeking to share or transfer health care responsibilities with or to other Brooklyn hospitals and clinics and to home health care. According to The Wall Street Journal.
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