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Daily Archives: December 30, 2016

JV Secures $150M Construction Loan for Queens Tower

https://www.multihousingnews.com/post/jv-secures-150m-construction-loan-for-queens-tower/ AIG is providing the financing for the luxury community, set to open in early 2018. New York—Quadrum Global, in partnership with Simon Baron Development, secured a $150 million construction loan for a luxury residential tower in Long Island City, Queens. Located at 29-26 Northern

Infamous anti-development Queens landlord dies

Infamous anti-development Queens landlord dies Rita Stark, a Queens landlord who critics say worked to block a $91 million revitalization plan for Far Rockaway, died. She left her extensive multifamily holdings to her brother and two sons. Stark died in October, DNAinfo reported. She owned

State approves $227M in bonds for Queens NYCHA complex

State approves $227M in bonds for Queens NYCHA complex After delaying approval, Albany finally signed off on $227 million in tax exempt bonds to fund repairs at the Ocean Bay public housing complex in Rockaway, Queens. The 24-building, 1,400-unit NYCHA complex was damaged during Hurricane