March 19, 2016

Downtown Brooklyn to Go Without Office Space for Quite a Bit Longer

Mentions News

Commercial Observer

The developers’ $90 million March 2015 purchase of the site with the intention to go commercial “was the first sign that developers were willing to forgo residential in lieu of office,” said Dan Marks, a senior vice president at TerraCRG and a Downtown Brooklyn expert. “That means the financing is there for this, which means the financiers believe in the market.”

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