Real Estate Deal In Dumbo, Brooklyn Valued At 375 Million Could Transform Neighborhood

NEW YORK, NY - OCTOBER 04: People walk down a popular shopping street in Dumbo on October 4, 2013 in the Brooklyn borough of New York City. A group of five prominent properties in Dumbo owned by the Jehovah's Witnesses have recently been sold and are slated to become part of a complex that will be converted into a center for technology companies. The five buildings, which will become part of the larger Brooklyn Tech Triangle, were sold to Jared Kushner, the Kushner Cos. CEO, and RFR for a reported $375 million deal. What was until recently a sleepy former manufacturing hub with cobblestone streets and derelict old factories has become one of the trendiest locations in New York City. (Photo by Spencer Platt/Getty Images)