Deutsche Bank refinances loan A partnership comprised by three different companies has secured a refinancing of over $212 million. The companies in question are Property Markets Group, the Hakim Organization and New Valley. They own a 44 story rental tower based in Long Island City.
Brooklyn-based tennis club to open Long Island City facility The owners of a Brooklyn-based indoor tennis club are planning to open a Queens location in Long Island City. Court 16, a private club offering tennis lessons, tennis camps and court space for adults and children, will be
Changing hands A little over a year after buying them, Treetop Development has sold two rental buildings located in Flushing. The company completed the transaction receiving a little more than $57.5 million. These two buildings were acquired by Treetop as part of an eight building
Peter Papamichael of Vorea Group buys 12-01 44th Avenue in LIC from Lawrence Aaronson of Craig Envelope
Back in September Real Estate Weekly reported that Vorea was in contract to purchase 12-01 44th Avenue after their announcement of the ground lease of 23-20 Jackson Avenue. Now Queensbeans.com has learned that Peter Papamichael of the Vorea Group recently closed on the purchase of
http://ny.curbed.com/2017/4/3/15163184/astoria-cove-sale-queens-megaproject After all the back and forth surrounding the controversial Astoria Cove megaproject in Queens, the developer, Alma Realty is now looking to sell the site for $350 million, Crain’s has learned. The news follows shortly after a New York Daily News investigation revealed the
421a revival As of late, it has been said 421a it is going to be brought back. With this in mind, the owner of the Astoria Cove, is searching for a buyer for this property. Apparently, the transaction will set you back about $350 million.
Kushner Companies enter deal Kushner Companies and Karan Singh enter deal involving Queens’ property. Jared Kusher’s business has reached an agreement with Queens’ investor Karan Singh. The contract stipulates a four-building Astoria portfolio will be purchased by Singh for $76 million. This amounts to $615
A building and its future Circle F, the firm owned by the Feldman family has big plans for an 11 story building. The site is located in Long Island City and has 71 residential units. This information was verified with the Department of Buildings. This
A small look into the City’s real estate history Even though New York’s housing market has been a growing industry for the last few decades, it was not always the case. In the 1960s the market was on its way down and the city was
https://www.dnainfo.com/new-york/20170321/long-island-city/related-companies-renderings-the-point HUNTERS POINT — Digital-advertising agency VaynerMedia is the first major tenant to lease space at The Point, an office and retail project coming to a pair of former warehouse buildings also slated to house a cafe, beer hall and other amenities, its owners announced