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Category Archives: Real Estate News

Developer Chris Xu decides to part ways with Jamaica development

Powerful Queens-based developer Chris Xu has decided to part ways with a development he owns located in Jamaica, Queens. The site known as Archer Towers will be selling for approximately $55 million. As far as new reports show, BRP Companies have already entered contracts to

Chris Xu selling Flushing land acquired last year

Chris Xu has decided to part ways with some of the property he acquired in Flushing last year. Xu is a very prolific developer that is based in Queens and is the president of the United Construction and Development Group. The land he sold was

Bloomingdale’s schedules move for 2020

Once 2020 arrives, over 1,000 Bloomingdale’s jobs will start moving to Queens. Bloomingdale’s parent company, Macy’s made a statement last year that they were renting over half a million square feet of office space in a Long Island City location, but did not specify neither

Jury rules in artists’ favor in 5Pointz case

Three years ago a real estate developer based in the city of New York demolished a complex that used to be known as “5Pointz Complex”, in Queens. Nevertheless, they did not only tore down some buildings but 50 murals that were painted on those walls

Queens’ numbers for the third quarter of 2017

Now the third quarter of the year has closed, numbers can be calculated. As it seems, the Queens condo market has slowed down a little bit. The number of approved residential units has dropped from 261 to 216. Nevertheless, this number still shows growth from

Brief outlook on last period’s numbers

Taking into account the last 12 month period that ended last September, Long Island City added 1,750 new rental apartments to its numbers. As far as current new developments, sales are concentrated in Prospect Heights and Gramercy. As far as townhouse sales goes, eleven townhouses