Sales Beat

SL Green, Chinese Government, Follow Hipsters to Williamsburg

250 Bedford Avenue

First it was the hipsters.  Then it was China.  And now the city’s largest office landlord, SL Green Realty Corp., is finally seeing promise in the residential development of Williamsburg, Brooklyn.

The real estate investment trust and commercial real estate giant announced this morning that it has agreed to purchase a newly completed, vacant residential building in the hip-turned-posh Brooklyn neighborhood — the company’s first foray into Brooklyn’s residential market.

Information in a prepared statement sent by the company suggests that the address is 250 Bedford Avenue, though it was not specified. Read More

Sales Beat

Domino Sugar Factory Site Up For Sale

Domino

The Domino Sugar factory is for sale a little more than a year after the development team that controls the 11-acre site that the landmark building sits on won a hard fought battle in the City Council and the Department of City Planning to erect a series of mixed use towers on the large waterfront parcel.

According to several people with knowledge of the offering, the Community Preservation Corporation and partner, the Katan Group, have been shopping all or portions of the potentially $2 billion multi-building development to potential buyers. Read More