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Tag Archives: real estate

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.

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