As the Barclays Center’s arrival approaches, the retail leasing landscape in Brooklyn is primed for a transformation. The borough will see an influx of high-end restaurants, a panel of real estate executives today told a crowd at TerraCRG’s Brooklyn Real Estate Summit, and that will mean higher rents. It is also likely to lead to more “rent participation” deals, wherein the landlord shares in the revenue stream of the tenant.
Panelists included executives from Forest City Ratner, RedSky Capital, Pintchik Development and Crown Acquisitions; David Kramer of the Hudson Companies moderated. [more]