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Category Archives: Real Estate News

11-12 30th Drive, Bought by Criterion Group

        There is no stopping the development of residential properties in Queens, which is very evident at filed plans for many different sites in the locality. From former business and commercial sites being transformed to luxury condos to entirely new apartment development,

There is No Stopping the LIC Boom

  Cornell’s new tech campus is well underway with its construction having been commenced, making this premiere educational center just a stone’s throw away for the residents of LIC. The rezoning of Long Island City makes it even more development-friendly, prompting the influx of real

Sunnyside Warehouse for Sale at $65 Million, 27-11 49th Avenue

  The 215,000 square-foot property at 27-11 49th Avenue is Sunnyside is on sale with an asking price of $65 million. This Sunnyside warehouse sits on a 2.5-acre property, which has been used for the manufacturing of cosmetic products. This three-story storage and distribution facility

Long Island City: New Home to Garment-District Dressmakers

An apparel company is evolving beyond the garment center. The 17-year old seller of prom and cocktail dresses, Faviana International, has been moving a substantial portion of its operations to Long Island City, Queens. This fashion company has been acquiring and renovating its 17,800-square foot,

Bargains in LIC? Not anymore as Market Booms.

“Going all-in on an unknown quantity is a smart move”, says Evan Daniel, the executive vice president of the commercial and investment property division of Modern Spaces. Daniel has been studying the Long Island City commercial real estate market since a decade ago. In spite