BAM South rendering

UPDATED 6:13 p.m., June 17: The City Council is poised to green light the BAM South development today, WNYC reported. The mixed-use project, developed by Two Trees Management, will feature a 50,000-square-foot cultural center, a 20,000-square-foot public plaza and 300 units of housing. [more]

10 MetroTech and Forest City Enterprises CEO David Larue

A Brooklyn office building that Forest City Ratner has owned since 1989 is slated for demolition for the development of housing, according to vociferous Atlantic Yards critic Norman Oder, writing for the New York Observer. The seven-story, 359,000-square-foot property dubbed 10 MetroTech Center has a $40 million mortgage that’s in default. [more]

66 Boerum Place rendering

Will a three-story commercial property fill the fenced parcel at 66 Boerum Place in Downtown Brooklyn? Brownstoner unearthed a rendering from the website of developer ACHS Management, which shows just those plans for the 16,450-square-foot site. [more]

620 Fulton Street (Source: PropertyShark)

The New York Hotel Trades Council & Hotel Association of New York City, the 75,000-member hotel workers’ union, has purchased a $19 million Brooklyn parking lot, on which it plans to build a health center for union members and their families, the New York Observer reported. The property will cost roughly $90 million to complete.

The lot is located at 620 Fulton Street, which is one block away from a 200-room hotel coming to 95 Rockwell Place. The union facility will have health, pharmacy and dental portions. [more]

The exterior and interior of 40 Willow Place

Flipped and sold. The townhouse at 40 Willow Place in Brooklyn — the single-family home with the borough’s highest tax assessment — sold for $7.7 million in its second sale in less than a year, Curbed reported. [more]

From left: the Tobacco Warehouse, a rendering of its redesign (source: Curbed) and architect Jonathan Marvel

An overhauled Tobacco Warehouse in Brooklyn Bridge Park will include a “flexible performance space” and 1,000 square feet set aside for local artists in an 18,000-square-foot enclosed building, Curbed reported. The currently roofless structure was the home of theater troupe St. Ann’s Warehouse until about a year ago. [more]

From left: Paul Travis, a City Point rendering and BCTC President Gary LaBarbera

UPDATED, 4:54 p.m., Mar. 29: The Building and Construction Trades Council, a union that represents construction workers, has ended its negotiations for a labor agreement with the developers of City Point, the 1.8 million-square-foot residential and commercial development in Downtown Brooklyn, according to a press release from the developers. The talks focused on using unionized labor at the project. [more]

MNS CEO Andrew Barrocas and One Brooklyn Bridge Park

Despite the still coldish weather, the Brooklyn Heights waterfront real estate market is getting hot, the New York Daily News reported. For example, a unit at One Brooklyn Bridge Park – a former Jehovah’s Witness printing plant that is now a 449-unit luxury condominium property – could set a sale record for the borough. [more]

From left: Stanley Chera, 490 Fulton Street and the interior of a student unit

Harrison Street Real Estate Capital, a Chicago-based real estate investment management firm, has bought dozens of Long Island University Brooklyn graduate apartments for $62.7 million, according to records filed with the city today. [more]

Dumbo warehouse (source: Brooklyn Paper and Stefano Giovannini)

Dumbo could soon see a massive new retail center along Jay Street, after last month’s $25 million sale of a block-wide warehouse to Silverstone Property Group, the Brooklyn Paper reported.

The nearly football field-sized building, located between Water and Plymouth streets in Dumbo’s historic district, is perfect for a major commercial development, like a supermarket or something even bigger, according to Justina Lombardo, a spokesperson for Massey Knakal Realty Services, which handled the sale of the building.   [more]