Developers are starting to tap into the Brooklyn tech triangle's potential. An LLC paid $26 million for an eight-story, 200,000-square-foot warehouse at 29 Ryerson Street across from the Brooklyn Navy Yard with plans to convert it into an office building aimed at tech companies. The Navy Yard complex has become a highly desirable place for tech and light-manufacturing, so the spillover is no surprise. [Crain's; previously]
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