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