NAR: Northeast Pending Home Sales Fell 11% in December

Marcus & Millichap arranged the sale of an 11,850-square-foot industrial property in Brooklyn for $5,650,000. The property is located at 30 Richards St. in Brooklyn’s Red Hook neighborhood. “At $565 per square foot on the building’s floor plate, this sale represents a record price for an industrial building in Red Hook,” said Jesse Kay in Marcus & Millichap’s Manhattan office. “This outcome is the […]

Four major procurements that comprise the remaining construction packages for the new tunnel are also impacted by the federal funding pause.

Could the region see these exorbitant prices decline? The report states perhaps.