Flushing blooms continues Regent Medical Properties, LLC, has secured a loan to develop a new site in Flushing, Queens. The medical company obtained $16 million from Case Real Estate Capital, LLC, as a first mortgage loan. With these funds, the company will inaugurate several new
A new phase has begun As has been previously reported, Queens based LaGuardia Airport is going through a lot of renovations, many will say long overdue. As a part of these ongoing renovations, Governor Cuomo made an announcement that the east side, which will house
Hungry for more Pun definitely intended, Long Island City is hungry… for more eateries that is. A development group known as Long Island City Partnership performed a study in the area and came to the conclusion that almost 20% of the residents that participated think
Jamaica in bloom? After all, this could be Jamaica’s time. A huge development may be coming to the neighborhoods, if everything goes according to plan. The project will include 400 apartments and span 330,000 square feet. There is a firm called Omni New York, founded
New project from 110-12 to 110-18 Liberty Avenue The A train goes right through Queens. Along Liberty Avenue, the train travels down Jamaica. This is important because currently, four different building applications have been filed just down the block from the 111 St-Greenwood Avenue Station.
Gandolfo Difiore of MDM Development completes $8.5 million assemblage on 31st Street from Larry Restieri and Giusseppe Vertucci
It’s been a busy July for Gandolfo DiFiore, of MDM Development Group LLC. The group consisting of Mr. Difiore and Ginetta Modica just completed an assemblage of three tax lots for a total purchase price of $8.5 million. In June, DiFiore purchased 23-77 & 23-79
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
Kevin Maloney’s PMG and Hakim Organization Selling Another Development Site Development Site in Queens Plaza – 42-50 24th Street, LIC
Back in the summer, QueensBeans was the first to report that HHF began marketing The Clock Tower in LIC for Kevin Maloney’s PMG. That site sold to Durst at the end of last year and now PMG and the Hakim Organization have brought another development site
IN CONTRACT 48-49 35th Street: Joe Farkas of MRA to buy Matsil Bros. 256K SF Industrial Building in LIC
Last September a 256,000 square foot property at 48-49 35th Street, hit the market in Long Island City according to The Real Deal who first reported and now that property is in contract. Queensbeans has just learned from sources near the deal
New residential towers to be built in Flushing The real estate firm led by Andy Chau, Wing-Fung Realty Group has reportedly big plans coming up. The company is expected to establish to mixed-use residential towers to Flushing. This complex will span nearly 550,000 square feet.