A publicly-traded real estate investment trust, one-third owned by Vornado Realty Trust, has completed a $275 million refinancing of Rego Park II, a 600,000-square-foot retail complex in Central Queens, GlobeSt.com reported.

The seven-year loan will repay the existing loan on the property, which, as of Dec. 31, 2010, had a balance of $277 million for the $410 million retail development, GlobeSt.com said.

Tenants at the complex include Costco, Century 21 and Kohl’s. [GlobeSt]

A number of regional, national and international retailers are set to open first outposts in New York City. Last week, Costco, the largest membership warehouse club in the world, opened its first location in Manhattan in the 500,000-square-foot East River Plaza. Target will open its first Manhattan store in the same plaza next year. Best Buy, Marshalls and New York City’s first Bob’s Discount Furniture will join them. Bob’s has 35 stores throughout New York, New Jersey and New England. In the fall it opened its newest location in Carle Place, LI. [more]