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Property Markets, Hakim and New Valley refinance loan

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.

Treetop Development sells in Flushing

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

Astoria Cove developer looks to sell Queens megaproject site for $350M

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

Alma returns to its Astoria Cove project

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.

Karan Singh purchased a four building portfolio in Astoria

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