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Category Archives: Real Estate News

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.

Brooklyn-based tennis club to open Long Island City facility

Brooklyn-based tennis club to open Long Island City facility The owners of a Brooklyn-based indoor tennis club are planning to open a Queens location in Long Island City. Court 16, a private club offering tennis lessons, tennis camps and court space for adults and children, will be

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.