Subleasing is happening New reports have surfaced that insurance company MetLife will continue to sublease its office space. They own a significant area in the Brewster Building, based in Long Island City. As far as we know, Fidelis Care (a
Parvin Properties LLC buys 40-08 69th St, a Dev Site consisting of 7,000 of Square Feet, from Cushman & Wakefield for $15,600,000.00 ($2,229 per square foot). The Property is in Queens, NY and traded on October 19, 2016.
TRADED: 159-18 Northern Boulevard LLC buys 159-18 Northern Blvd from Cushman & Wakefield for $13,250,000.00
159-18 Northern Boulevard LLC buys 159-18 Northern Blvd, a Retail consisting of 14,072 of Square Feet, from Cushman & Wakefield for $13,250,000.00 ($942 per square foot). The Property is in Queens, NY and traded on November 30, 2016.
Jamaica Tower, LLC whose owners are unknown has exclusively selected Cushman & Wakefield to market The Archer Towers development site located at 163-05/25 Archer Avenue in the heart of Downtown Jamaica. The asking price is listed at $60 million, or $83 per buildable square foot. This
A staggering $104 million land loan for a nine-parcel development site in Long Island City, Queens has just been recently closed by Cushman & Wakefield. Jia Shu Xu of C&G Empire Realty has been provided by Ladder Capital with an 18-month non-recourse loan for the
“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