Prologis nabs majority stake in Queens industrial site
Three things in life are certain: Death, taxes and demand for logistics space in New York City’s outer boroughs....
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These were the top outer-borough loans in May
Dollar volume for the 10 largest outer-borough commercial real estate loans in May was $1.6 billion, almost double that...
Tenants locking in longer leases as apartment rents rise
The days where you could easily score a Manhattan apartment for under $3,000 may be almost over, but tenants...
Parkway Hospital’s redevelopment plan has a pulse
Parkway Hospital in Forest Hills closed for good in 2008, and since then attempts to redevelop the 100,000-square-foot building...
Merchants Hospitality sells dormant LIC hotel for $38M
The owner of a former 100-key hotel is handing over another key — to the building itself. Merchants Hospitality...
Queens candidate Crowley serves fake eviction notices
Talk about bad marketing. Queens voters were served with fake eviction notices in a campaign mailing Thursday by borough...
Bulk condo deals top week’s mid-market sales
Four mid-market investment sales recorded last week fetched $63.3 million, led by a bulk condo unit purchase in Queens...
Landlord uses illegal-lockout proceeding to oust unlawful tenant
New York’s housing law includes a safeguard against self-help evictions, or when a landlord swaps the locks or shuts...
Slate Property Group lands $90M loan for Forest Hills project
Slate Property Group has secured $90 million in construction financing for a mixed-use development in Forest Hills. Pacific Western...
Ascent nabs $48M construction loan for LIC condos
What’s a condo developer to do when a pandemic injects uncertainty into the market? One decided to go bigger...