LIC taxi lot sells for $43.5M, 186-unit luxury residential tower coming


| lguerre@queenscourier.com

Photos courtesy Eastern Consolidated

The huge development site at 22-12 Jackson Avenue in Long Island City, which is currently occupied by a taxi company, has sold for $43.5 million and the new owner plans to build a luxury condo building on the site.

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Queens homes nearly 10 percent more expensive than in 2014: report


| lguerre@queenscourier.com

Chart courtesy Keller Williams Realty Landmark II

The median price of a home in Queens is 9.3 percent higher this May when compared to May of 2014, according to a report by Keller Williams Realty Landmark II based on data from the Long Island Board of Realtors.

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Barneys takes space in Long Island City building


| lguerre@queenscourier.com

Photo courtesy Scott Bintner/PropertyShark

The department store took a 10,000 square feet space out of 5-25 46th Ave. in LIC, a three-story building owned by plastic packaging company Plaxall, The Real Deal reported. The building is also home to the popular LIC Flea & Food.

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Jamaica site with big development potential sells after bidding war 


| lguerre@queenscourier.com

Photo courtesy Ariel Property Advisors

The site at 143-18 Liberty Ave., which previously was an auto-dealer, sold after just four months on the market, but not before a bidding war between two buyers that ultimately lead the price of the lot to to rise higher than most other sites in the area.

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Women’s clothing rental service and Manhattan data firm sign leases in LIC building


| lguerre@queenscourier.com

THE COURIER/Photo by Liam La Guerre

Following a $20 million modernization and revitalization, The Factory, a massive 10-story, block-long building in Long Island City, added two new tenants that took 16,269 square feet of space.

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Award-winning LIC office building for sale, could see conversion


| lguerre@queenscourier.com

Photo courtesy Scott Bintner/PropertyShark

The nearly 8,000-square-foot commercial building at 10-09 49th Ave. was listed for sale with Ariel Property Advisors for $4.4 million. The first floor has a garage that can fit about eight cars and the upper levels have 5,700 square feet of office space.

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CM Van Bramer: More schools coming soon to Long Island City


| lguerre@queenscourier.com

THE COURIER/Photo by Liam La Guerre

With more than 22,500 new residential units planned or being constructed already in Long Island City, many questions about infrastructure are up in the air. The problem of schools in particular poses a great concern as current residents want to make sure that the institutions aren’t overloaded with children when the new residents move in.

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Long Island City ‘suffering from the side effects of its very success’


| lguerre@queenscourier.com

THE COURIER/Photos by Liam La Guerre

It has been on the minds of Long Island City leaders for a while, and during the second annual LIC Summit on Tuesday it was brought to light during the first panel entitled “City within the City.”

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Flushing development update: lack of space, increasing demand


| stephen.preuss@cushwake.com

Rendering courtesy of TDC Development International

Over the past couple of years Flushing has been experiencing a rapidly increasing development market. But although we have been seeing record pricing in 2015 as previously discussed, recently we have seen a lag in available land for development while demand is still rising.

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Blacks and Hispanics in Queens struggling to become homeowners: report


| lguerre@queenscourier.com

THE COURIER/Photo by Liam La Guerre. Charts courtesy StreetEasy.

As diverse as it is, when it comes to homeownership, the borough looks similar to the rest of the city and country, as blacks and Hispanics struggle with the process of getting a conventional mortgage, according to a new study by real estate website StreetEasy.

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Imagine a Ridgewood waterfront hotel at Newtown Creek


| lguerre@queenscourier.com

Map via Google

Greiner-Maltz Investment Properties is marketing a site across from a section of the infamously contaminated body of water that could be in high demand after the grimy, toxic 3.8 mile creek is cleaned up.

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Construction on Cornell Tech campus begins on Roosevelt Island


| lguerre@queenscourier.com

THE COURIER/Photos by Liam La Guerre. Renderings courtesy Weiss/Manfredi

Construction kicked off Tuesday on the $2 billion Roosevelt Island Cornell Tech campus, which many predict will be a feeder of skilled entrepreneurs for the western Queens technology community.

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