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49-18 Vernon Blvd. 5 Story Going Up!

49-18 Vernon Blvd. Posted on the site’s construction fence are blueprints of a new mixed-use building at the corner of 50th Avenue and Vernon Blvd in Long Island City. The OAPD Architecture designed building will have glass and stone design with retail on the ground

Elmhurst: The New Attraction for Developers

Elmhurst is becoming quite attractive for some real estate developers who are looking to build luxury condos and rentals that are more on the expensive side. This is what is causing a major divide in the prices of existing apartments and the new ones in

Lights! Camera! Action! 82-10, 82-04, & 81-80 Cooper Avenue

Lights Camera Action! Atlas Terminals trades hands for $19.5 million from ATCO Properties to Broadway Stages. Broadway stages will build an immense film studios and retail complex in the existing warehouse space. Broadway stages is lead by real estate mogul Tony Argento who could not

The Center Building, 33-00 Northern Boulevard

33-00 Northern Boulevard, also known as the Center Building, is being bought by Vornado for $142 million, from Madison Marquette. The 437,000 square foot office building was bought in 2012 by Madison Marquette in a joint venture partnership for over $84 million. Vornado is to

New Development | 21-21 44th Drive

What’s going on at this site at 21-21 44th Drive? It seems as though that a partnership between the Slate Property Group and the Carlyle Group have plans to build a 88-unit condominium. According to permits and plans filed, the mixed use property will have

Proprety Markets Group – Queens Plaza North

Property Markets Group is even more active in the Queens Plaza district. PMG’s 23-10 Queens Plaza South rental development is now under construction and now PMG just closed on two adjacent properties at Queens Plaza North in the past two weeks. The first of the

Progress Update | 23-10 Queens Plaza South

Last month The Real Deal reported on the $130 million construction loan that Deutsche Bank provided for the project at 23-10 Queens Plaza South by Property Markets Group. PMG bought the site back in 2012 and it is slated to be a 410 unit rental

MARKET DATA REPORT | $300 per Buildable in LIC

Recently, GDC Properties purchased two adjacent, one-story, industrial warehouses in the Court Square sub-district of Long Island City, for a total of $44 million. Headquartered in Westchester, GDC, purchased the larger of the two lots, at 11-15 46 Ave for $37 million from the Eunhasu Corporation

Progress Update – 44-80 11th Street

Almost two years ago, an industrial warehouse at 44-80 11th street, at the corner of 45th Avenue and 11th street in Long Island City was purchased for $1,375,000, by Ekstein Development and RD management, according to public records. Now it seems the first half of

Question – Is JAMAICA the next frontier?

      Look out Long Island city, look out Astoria, look out Flushing, because Jamaica is going through a development boom. As Brooklyn’s prices rise they have caused a domino effect and spill over into western Queens such as Long Island City and Astoria.