Real Estate Wire: Williamsburg Armory Not for Sale; Zillow Acquires Trulia for $3.5B

Posted On Mon, July 28, 2014 By

Posted On Mon, July 28, 2014 By In Real Estate Wire

  • The Williamsburg Armory on Marcy Avenue is not for sale. The Satmar Hasidic sect wants to turn the massive building into a school and a community center, but the state is saying no. The reason? Renting out the armory to film crews has proven extremely profitable. [NYDN]
  • Is Brooklyn Brewery moving to Staten Island? Not quite. The company is looking at a $70M facility for the production of beer that would be sold overseas. [Crain’s]
  • Zillow has acquired its rival, Trulia, for $3.5B in stock. The pair will continue to operate under their respective brands. [TRD]
  • More good news for Urban Compass: Extell’s design chief Roy Kim is joining the company to head the new development division. [TRD]
  • A SCI-Arc spoof predicted New York’s ‘poor doors’. [Video at the LA Times]

The Williamsburg Armory (left); Pete Flint and Spencer Rascoff of Trulia and Zillow, respectively (right)

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