Long Island City
Manhattan, BK Rents Hit Records High in Feb
New York City’s apartment rental market continues to surge, with both Manhattan and Brooklyn seeing record-high median rents in February,… Read more
Marcus & Millichap: NYC Retail Sets for Recalibration
Marcus & Millichap has released its 2024 New York City Retail Commercial Real Estate Market Forecast report, indicating a dynamic… Read more
Skyline Tower Developer Buys LIC Site for $57M
United Construction & Development Group has acquired a development site in Long Island City, located at 42-50 24th Street, from… Read more
NYU Langone Inks 105K-SF LIC Lease
NYU Langone Health has secured a 105,000-square-foot lease for life sciences space at Innolabs in Long Island City, Queens. The… Read more
MBS Group Inks 300K-SF Warehouse in Queens
MBS Group, known as Manhattan Beach Studios, leased a 300,000-square-foot warehouse in Glendale, Queens, for film equipment storage. The… Read more
Innovo Unveils New Film and TV Studio
Innovo Property Group (IPG) has unveiled Borden Studios, a purpose-built film and television studio occupying the top floors of The… Read more
LIC’s Rental Building Sven Adds New Retailers
The Durst Organization has unveiled new additions to Long Island City’s Sven, a 71-story residential building. Pueblo Querido Coffee Roasters… Read more
Silks Building in LIC Reaches Full Occupancy
New York City-based real estate firm Time Equities Inc has achieved full occupancy at its 113,000-square-foot office development, Silks Building,… Read more
Paceline Equity Partners Acquire Extended Stay Home2 Suites by Hilton New York LIC
Affiliates of Paceline Equity Partners, a Dallas-based private equity manager, has acquired the Home2 Suites by Hilton New York Long… Read more
Transel Elevator Signs Early Renewal at The Factory in LIC
Newmark arranged a 22,725-square-foot lease renewal on behalf of ownership Atlas Capital Group, LLC, at its premiere office building The Factory,… Read more
New Development Sales Volume Declines in Brooklyn, Queens
New development sales volume for condominiums and co-op units was down in both Brooklyn and Queens for the second quarter.… Read more
Slate Property Group Secures $85M Refi for LIC MF Property
Slate Property Group has closed an $85 million refinancing deal for Dutch House, a 186-unit multifamily property in Long Island… Read more
New Empire Corp, ODA Break Ground on New LIC Residential Building
New Empire Corp, in partnership with ODA, have broke ground on a new residential project at 24-01 Queens Plaza North… Read more
Chelsea Piers Fitness Inks 72K-SF Lease at LIC Residential Tower
Chelsea Piers Fitness (CPF) has signed a long-term lease to anchor a new residential tower at 24-11 Jackson Avenue in… Read more
Long Island City’s Tallest Residential Tower Lands $425M Construction Loan
Greystone has secured a $425 million construction loan for The Orchard, a mixed-use development in Long Island City. The project,… Read more
Innovo Property Group Lands $354M Recapitalization for LIC Industrial Project
Innovo Property Group (IPG), a real estate investment and operating company based in New York City, has secured $354 million… Read more
City Council Approves Zoning Changes for Commercial Redevelopment of LIC Office Building
The New York City Council has approved ULURP applications for Opus Point, a new 400,000 sq ft commercial office building… Read more
The Dermatology Specialists Doubles Footprint in LIC
GFP Real Estate has announced that Buka Derm Management, operating as The Dermatology Specialists, has signed a 7-year lease to… Read more
Bayrock Capital Buys LIC Holiday Inn for $77M
Bayrock Capital, a private investment firm based in Valley Stream, LI, has acquired a Holiday Inn hotel in Long Island… Read more