There are two main ways to diversify a real estate investment portfolio, either with a real estate fund, or with a real estate investment trust, known as a REIT. Think of a real estate fund as a kind of mutual fund, with a strong focus on investing in stocks of publicly-traded real estate companies. Most real estate funds invest in...
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Until 2010 the Williamsburg Savings Bank Tower, with its iconic illuminated clock, at 512-feet-tall, was the tallest building in all of Brooklyn. The rezoning of Downtown Brooklyn 2004 invited the construction of taller and taller buildings in an attempt to grow the city without encroaching on the already scarce open spaces in the...
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Fifteen Brooklyn families are realizing their dream of owning homes in Brooklyn through a years-long project of the non-profit organization Habitat for Humanity. The project was launched about ten years ago, according to CEO of Habitat for Humanity Karen Haycox. “We’ve been holding the property and putting the project together for...
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Back in May 2018 Lithium Technologies announced that it was discontinuing Klout, its social scoring service that in a small way eerily resembled the individual ranking app in one memorable episode of Black Mirror, called “Nosedive.” What was Klout, and are there any tools in the market now that can satisfactorily replace it? Here...
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Startup Revel Transit introduced 68 mopeds in Greenpoint, Bushwick and Williamsburg on Monday, and they seem to be a hit. Using an app on their smartphones, customers wishing to race around Brooklyn can simply reserve an electric bike and retrieve it within 15 minutes from its parking place. If this trial run goes well Revel will...
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A new shipping hub to be called the Sustainable South Brooklyn Marine Terminal will create more than 250 quality jobs soon, as well as bringing commerce into the area, says the New York City Economic Development Corporation. Industry leaders Red Hook Container Terminal and Industry City were selected by Mayor de Blasio’s...
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