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Real Estate Rumors: Property Markets, Sabates, Rockefeller

By Andrew McIntyre (July 15, 2016, 5:07 PM EDT) -- Property Markets Group Inc. is buying a development site in Brooklyn's Gowanus district for roughly $50 million, The Real Deal reported on Friday, citing sources with knowledge of the deal. The firm is picking up a 166,000-square-foot site at 455-459 Smith St. from Henry Abadi, Real Deal said. The site is zoned for a maximum density of 2 FAR, or floor area ratio, according to the report....

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