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Queens rents reaching all-time high

Let’s talk about numbers Rent prices in Queens have reached an all-time high. Local real estate marketplace, StreetEasy performed a study that confirmed it. On average, there is an asking price of $1,989 per month. Nevertheless, the average rise is attributed to the neighborhoods on

Starbucks announces it will close all Teavana locations by 2018

Farewell to a classic This is a sad time for tea lovers. After purchasing the company in 2012, Starbucks has recently announced they will close all of the 379 Teavana locations. According to a press release authored by the company, this decision comes after the

Barone Management changes plans for LIC site

From a hotel to an office building After much internal debate, Barone Management has decided against a hotel project the company had in Long Island City. In the beginning, the firm wanted to build a 199-key Dream Hotel based at 9-03 44th Road, but it

Great improvements coming to Astoria public schools

A great investment for the future Good news are coming to Astoria public schools. According to reports, they will be the recipients of millions of dollars. This money will surely be put to good use. Authorities planned infrastructure improvements and the additions of a film

A new future for RKO Keith’s Theater, by Xinyuan Real Estate

A new life for a classic After many years of planning, the RKO Keith’s Theater in Flushing, Queens, is changing. Developers will transform it into a multifamily property. Back in August 2016, Xinyuan Real Estate acquired the site for $66 million. Xinyuan Real Estate is

Metropolitan Realty Associates enters new deal in LIC

Good news for Joe Farkas’ company The company owned by Joe Farkas, Metropolitan Realty Associates, has made a new deal in Queens. MRA signed a 17,000 square feet tenant in a building he bought in March. This property is based in Long Island City and