Stalled Real Estate and The Dogs' Days of Summer

Angelo Biondo, proprietor of K-9 Powerhouse Kennel in Park Slope, consulted last month on providing guard dogs for 659 Bergen Street. Today, there’s a “Beware of Dog” sign but no dog. Another sign announces that construction will be completed in July 2009. The unfinished residential development is silent.

“I could probably show you six more of these,” Mr. Biondo said.

His business—guard-dog rental—occupies a tricky place in today’s...

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