Queens
ENT & Allergy Associates, Solaris Health Sign Queens Leases
Simone Development Companies has leased nearly 16,000 square feet of medical space at 35-30 Francis Lewis Blvd in Queens, NY.… Read more
Queens MF Property Sold for $9M
Marcus & Millichap arranged the sale of a 34,000-square-foot multifamily property in Queens, New York, for $9 million. The transaction… 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
Skanska to Construct LGA’s Jet Fuel Transmission Systems
Skanska has secured a contract from LGAFUEL LLC for the $113 million construction of LaGuardia Airport’s fuel transmission systems in… Read more
NYC Industrial Sales Up 28% in 2nd Half ‘23
In the second half of 2023, the New York City industrial sales market saw 42 transactions totaling $583 million, according… Read more
Manhattan Avg Resi Rental Price Down 1.6%
Manhattan’s average rental price declined by 1.56% to $4,617 in the last month of 2023, according to MNS’ NYC rental reports.… Read more
Benaim x Partners Sells Willets Point Parcel Sale for $12M
Benaim X Partners has sold a 60,000 square feet of land in Willets Point to Related, Sterling Equities, and NYCFC… Read more
NY Outer Boroughs Had Record High Industrial Asking Rents in Q4
New York outer boroughs’ industrial market remained robust despite an overall slowdown in deal volume in the third quarter, according… Read more
LaGuardia Plaza Hotel Conversion Lands $65M
Sabal Investment Holdings, Bsafal Inc., and Argo Real Estate have formed a joint venture to provide a $64.5 million loan… Read more
WF Financing Largest NYC Affordable Housing Development in 40 Years
Wells Fargo’s Community Lending and Investment (CLI) has arranged a $360 million financing for Willets Point Phase 1A in Queens,… Read more
Slate, RiseBoro Buy Former JFK Airport Hotel for $64M
Slate Property Group, in partnership with RiseBoro Community Partnership, has acquired the former JFK Hilton Hotel in South Jamaica, Queens… Read more
M&M Closes $48M Queens MF Asset Sale
Marcus & Millichap completed the sale of Fannwood Estates, a six-story, 312-unit multifamily asset in Rego Park, Queens, for $48… Read more
Queens Rises to Most Sought-After Rental Location in Northeast
In October, renters showed a strong preference for apartments in Queens, NY, making it the most sought-after location, surpassing Arlington,… Read more
NY Outer Boroughs Industrial Vacancy Rate Rises
In the third quarter, the industrial vacancy rate for the New York Outer Boroughs increased slightly, rising by 20 basis… Read more
SCALE Lending Provides $142M for Queens Apartment Building
SCALE Lending, the debt financing arm of Slate Property Group, has closed a $142 million floating-rate loan for the final… Read more
New Yorkers Sign Fewer New Development Contracts in Q3
In Manhattan, 241 new development contracts were signed in Q3 2023, down 40 percent from Q2 2023 and down 30… Read more
Queens New Residential Project Breaks Ground
New Empire Corp, in partnership with Tang Studio Architect, has broke ground on its new residential project at 58-01 Queens… Read more
Thomas Donovan Joins Meridian Investment Sales
Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, has announced the addition of Thomas Donovan to… Read more
Light Industrial Portfolio Near JFK Sold for $146M
Onyx Acquisition IV and Starwood have acquired a portfolio of light industrial properties near JFK International Airport for $146 million… Read more