December 12, 2014

Downtown Brooklyn Development Site Hits Market

The greater downtown area saw the highest dollar volume of transactions in Brooklyn during the first half of 2014, with 122 transactions netting a combined $732 million, according to the latest Brooklyn commercial sales report by brokerage and advisory firm TerraCRG. The neighborhood’s 24 development site sales during that six-month period totaled $234.9 million, which is nearly double the collective purchase figures for development sites in other areas of the borough, the report says.