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Category Archives: Real Estate News

Revealed: $106 million Farrington condo in Flushing by George Xu

  According to the Real Deal, Century Development Group is moving along and building The Farrington. As YIMBY reported back in September, the property is slated to be a mix-use of residential and retail along with a hotel in Flushing. Developer George Xu of Century development

The Specialists Ltd. looking into a new armory in Ridgewood

A prop storage A company that specializes in making movie props is planning on building a storage facility in Ridgewood, Queens. The Specialists Ltd is developing a 143,000 square foot complex. There, they will keep cars, military vehicles, trucks and “futuristic hover vehicles” used in

LeFrak Organization sells Rego Park office building

New transaction in Rego Park An eleven story office building located in Rego Park has been recently sold for almost $140 million (about $391 per square foot). The buyer was one of its tenants, health insurer Fidelis Care, while the seller was the LeFrak Organization.

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.