Correction: In a Web story, The Real Deal said a new deal was Phoenix Realty Group’s first-ever acquisition in the city, rather than that the deal was its first-ever existing multi-family property purchase in the city.
Correction: In a Web story, The Real Deal said 17 people were arrested in a real estate scam investigation as originally relayed by the Brooklyn District Attorney’s office on March 28, 2011. However, 18 people were actually arrested in real estate scam cases.
Correction: In a March 31 column published on the Web,The Real Deal said that the Van Alen bookstore will have a second-story amphitheater. However, Jeff Byles, a special projects manager with the Van Alen Institute, said the bookstore will be a single story.