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Turnbridge Equities managing principal Ryan Nelson and 58-95 Maurice Avenue in Queens (Credit: Turnbridge Equities and Google Maps) 

Turnbridge scoops up another industrial site for $40M

Turnbridge Equities has continued its industrial property buying spree with the $39.5 million purchase of a 129,000-square-foot warehouse in...

Long Island Cheat Sheet: Local home prices inch up, $51M warehouse proposed in Bethpage … & more

Long Island Cheat Sheet: Local home prices inch up, $51M warehouse proposed in Bethpage … & more

Long Island home prices up amid rising interest rates and low inventory It’s a particularly rough time to be in search of a home...

Prologis’ $265M Queens deal falls apart

Prologis’ $265M Queens deal falls apart

Prologis backed out of its deal to pay $265 million for a massive FedEx warehouse in Queens. A new buyer, the Los Angeles-based investment firm American Realty Advisors, is now negotiating to acquire the...

SunCap sells FedEx lot in Queens for $29M

SunCap sells FedEx lot in Queens for $29M

Long Island-based real estate investment trust GTJ REIT paid $28.5 million for a 1.9-acre Queens parking lot leased by FedEx, according to property records filed with the city yesterday.

Bawabeh sells 428K-square-foot Brooklyn site for $40M

Bawabeh sells 428K-square-foot Brooklyn site for $40M

Brooklyn-based developer Bawabeh Realty Holdings sold a 428,550-square-foot vacant parcel near the Gateway Center for $40 million after scrapping...

From left: Tom and Fred Elghanayan and 660 12th Avenue

TF Cornerstone lands 300K-sf Toyota dealership at FedEx site

TF Cornerstone has reeled in a Toyota dealership to build a 300,000-square-foot  showroom at its FedEx development on the...

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FedEx ships new distribution center to LIC

As Fresh Direct grabs headlines for ditching Long Island City, FedEx Ground has forged plans to build a new $56 million on the grocer’s current block for a new distribution center. According to the...

New FedEx facility slated for LIC

New FedEx facility slated for LIC

FedEx Ground is building a new 140,000-square-foot distribution center in Long Island City, Queens, according to Real Estate Weekly, as part of a nationwide network expansion to boost volume capacity and to replace an...

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FedEx negotiating for 12-acre LIC site

FedEx is nearing a deal to lease a 12-acre site in Long Island City, on which it would build a new, 500,000-square-foot distribution facility to replace its existing one in the Maspeth area of...

Forgoing fabulous on Fifth

Forgoing fabulous on Fifth

Ricky’s on Fifth Avenue From the October issue: Fifth Avenue in the 40s is in retail flux. Nearly a dozen spaces on the 10-block stretch are vacant or on the market, including the former...

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