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The Center Building, 33-00 Northern Boulevard

33-00 Northern Boulevard, also known as the Center Building, is being bought by Vornado for $142 million, from Madison Marquette. The 437,000 square foot office building was bought in 2012 by Madison Marquette in a joint venture partnership for over $84 million. Vornado is to

New Development | 21-21 44th Drive

What’s going on at this site at 21-21 44th Drive? It seems as though that a partnership between the Slate Property Group and the Carlyle Group have plans to build a 88-unit condominium. According to permits and plans filed, the mixed use property will have

Proprety Markets Group – Queens Plaza North

Property Markets Group is even more active in the Queens Plaza district. PMG’s 23-10 Queens Plaza South rental development is now under construction and now PMG just closed on two adjacent properties at Queens Plaza North in the past two weeks. The first of the

Progress Update | 23-10 Queens Plaza South

Last month The Real Deal reported on the $130 million construction loan that Deutsche Bank provided for the project at 23-10 Queens Plaza South by Property Markets Group. PMG bought the site back in 2012 and it is slated to be a 410 unit rental

MARKET DATA REPORT | $300 per Buildable in LIC

Recently, GDC Properties purchased two adjacent, one-story, industrial warehouses in the Court Square sub-district of Long Island City, for a total of $44 million. Headquartered in Westchester, GDC, purchased the larger of the two lots, at 11-15 46 Ave for $37 million from the Eunhasu Corporation

Progress Update – 44-80 11th Street

Almost two years ago, an industrial warehouse at 44-80 11th street, at the corner of 45th Avenue and 11th street in Long Island City was purchased for $1,375,000, by Ekstein Development and RD management, according to public records. Now it seems the first half of

Question – Is JAMAICA the next frontier?

      Look out Long Island city, look out Astoria, look out Flushing, because Jamaica is going through a development boom. As Brooklyn’s prices rise they have caused a domino effect and spill over into western Queens such as Long Island City and Astoria.

Progress Update: Kew Gardens Portfolio

Progress Update: Kew Gardens Portfolio     This past September, a Midtown based firm A & E Real Estate bought a large portfolio from Hudson Realty of 53 buildings with a total of 1,270 apartments for $216 million dollars. The deal, which was listed exclusively

33-01 38 Avenue – SOLD!

Dutch Kills in Long Island City is on fire. Queens Beans just reported regarding the sale of 3714 34th Street and now the property at the corner on 38th Avenue, from 33rd to 34th street has closed. 33-01 38 Avenue, (photo by google maps) just sold for

The Sale of 3714 – 3718 34th Street LIC

A 19,500 square foot warehouse currently used for a medical facility has been recently sold for $9.7 million. The warehouse spans from 34th to 33rd streets, between 37th and 38th avenues, has both M1-2 and R6A zoning with 58,500 buildable square feet as of right.