Author: Adam Molon (Adam Molon)

Reports, among others, that an open house for a five-bedroom brownstone in Brooklyn priced at $949,000 drew 300 visitors and brought in 50 offers are fueling fears of froth in the nation’s real estate market. The U.S. spring homebuying season has been marked by a frenzy of demand driven by Federal Reserve initiatives to bring...

An envelope mailed to the Brooklyn Federal Courthouse by a prison inmate caused an anthrax scare for the second time in eight days Wednesday. A court employee opened the envelope and white powder, which turned out to be innocuous, spilled out. Read more at The Daily News.

Several manholes exploded in Bushwick on Monday afternoon, setting cars on fire and sending people running for their safety. The explosions occurred along Menahan Street, near Wyckoff Avenue. No injuries have been reported. Read more at CBS News.

Eight have been charged in a sophisticated global heist that netted $45 million from thousands of ATMs in a matter of hours. The heist, which began on February 19th and included the theft of $2.4 million in New York City, targeted 2,904 ATM machines over a period of 10 hours. Read more at The New...

A loftlike space housing small manufacturing businesses was scheduled to be unveiled today at the Brooklyn Navy Yard. Known as New Lab, the space brings together small, creative businesses and allows them to share equipment, like laser cutters and 3D printers, that would be too costly for them to rent or buy on their own....

The Brooklyn Nets are reportedly reaching out to Phil Jackson in a bid to bring him onboard as the team’s new head coach. Read more at USA Today.