Brooklyn apartment rents rose to a record in March and new leases more than doubled, extending a surge in housing demand in the New York borough that was once seen as a refuge from Manhattan’s high costs.
Marty Markowitz was strolling in Vienna when he noticed mannequins in a shop window wearing hats emblazoned with Paris, London and Brooklyn. The store had plenty of London and Paris models. Brooklyn was sold out.
McGraw Hill Financial Inc. plans to move about 250 employees to lower Manhattan as it leaves the Midtown building that bears its name, becoming the latest information-related company to depart the area.
The 1890s-era warehouse sits across from the Brooklyn Navy Yard, a relic of the New York borough’s industrial past. Originally a shoe factory and later a root-beer bottling plant, its arched windows were bricked over long ago.
Opponents of New York’s plan to reopen a waste-transfer plant on the Upper East Side of Manhattan were predictably disappointed that the U.S. Army Corps of Engineers gave the plant a green light last month.