LICNYC
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Judging the global economy by empty lots
This empty lot in LIC was a very busy parking lot. No more. Across from the Hunters Point Ave stop it is prime prime prime. And construction is imminent. What does it tell you about the global economy? A lot. Interest rates are low and banks are lending. Real estate prices are up and appraising […]
Vornado Buying Madison Marquette LIC Property for $142M [Updated]
33-00 Northern Boulevard. Vornado Realty Trust is buying the Center Building, an eight-story, 437,00-square-foot office building in Long Island City, Queens, from Madison Marquette in partnership with Perella Weinberg Partners, Vornado announced today. The building, at 33-00 Northern Boulevard, is 98 percent leased, the firm noted. Washington, D.C.-based real estate investment firm Madison Marquette paid $84.5 million for […]
LIC organization first Queens-based nonprofit to win prestigious award
By Bill Parry TimesLedger Newspapers There are more than 4,200 non-profits in the borough, representing 15 percent of the New York City total, but no Queens organization has ever won a prestigious New York Community Trust Nonprofit Excellence Award. Until now. Row New York, a 12-year-old Long Island City-based organization that empowers youth from under-resourced […]
City is close to erecting big pink statue in Long Island City: report – New York’s PIX11 / WPIX
LONG ISLAND CITY (PIX11)– A new pink statue will likely be erected inside a Queens neighborhood as part of a wider city initiative, but many residents are against it because of its cost and appearance, according to a report. LIC Post said the Department of Cultural Affairs, through the ‘Percent for Art’ program, wants to […]
Vornado Drops $142M On Long Island City Office Building
By Benjamin Horney Law360, New York (November 25, 2014, 2:46 PM ET) — Vornado Realty Trust said Monday that it has agreed to buy an 8-story office building in Long Island City for roughly $142 million, the real estate investment trust’s second deal topping $100 million this month. Vornado purchased the property, known as the […]
Long-Awaited Mu Ramen Returns to Long Island City on Monday, December 1
Following a summer full of renovations to the chosen Long Island City location for their permanent ramen shop, and then months of the runaround from Con Edison, Joshua and Heidy Smookler will finally open Mu Ramen on Monday, December 1, the couple confirmed to The New York Times. As you might recall, Mu Ramen was […]
Group seeks BID expansion in Long Island City
The Long Island City Buisness Improvement District wants to grow. The nine-year-old organization is seeking to more than double its area, with an ambitious plan that would cover an additional 200 merchants. Reps from the Long Island City Partnership, which runs the existing BID, said the idea was proposed by businesses and landlords in the […]
Man at Long Island City ATM tries to rob man of cash – WABC
LONG ISLAND CITY, N.Y. (WABC) — Police are looking for a suspect in an attempted ATM robbery this week. On Monday, at about 4 a.m., a man entered the Citibank ATM vestibule at 1 Court Square, and approached a 32-year-old man who was withdrawing cash. According to the New York City Police Department, the suspect […]
PMG pays $31M for Long Island City clock tower
PMG pays $31M for Long Island City clock tower Developer shelled out $46M earlier this month for adjacent property November 24, 2014 12:48PM By Rich Bockmann From left: Long Island City’s clock tower building and Kevin Maloney Kevin Maloney’s Property Markets Group paid nearly $31 million to snap up Long Island City’s clock tower building, city […]
Volunteers Pack 231000 Pounds of Food to Feed the Hungry
City Harvest RepackathonView Full Caption LONG ISLAND CITY — Anti-hunger organization City Harvest got a jump on the holiday season Friday when volunteers sorted more than 231,000 pounds of food for the group’s second annual “Repackathon.” Hundreds of helpers, including Chelsea Clinton and Sen. Kirsten Gillibrand, turned out to City Harvest’s food rescue warehouse in […]
Uprising Runs Strong Card in Long Island City, NYC
BY The Sweet Science ON November 15, 2014 UPRISING PROMOTIONS SUPPLIES ANOTHER GREAT NIGHT OF FIGHTS IN LONG ISLAND CITY Co-promoter Peter Quillin, former two-division world champion Paulie Malignaggi and Uprising Promotions’ Rory Frank at the fights. New York, N.Y. (Friday, November 14, 2014) – Ronson Frank’s Uprising Promotions, in association with Peter “Kid Chocolate” […]
Affordable and Reliable, Queens Real Estate Ascends
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LIC resi parcel seeks record at $315 per foot
LIC resi parcel seeks record at $315 per foot November 19, 2014 04:00PM By Adam Pincus Aerial photo of 22-12 Jackson Avenue (Photo credit: Microsoft) and Ron Solarz A residential development site in Long Island City near the 5Pointz project and MoMA’s PS 1 is asking $315 per foot, which would break price records for […]
City vetting sites for displaced homeless
On a city lot beside the Southeast Expressway, somewhere between massive piles of rock salt and rows of garbage trucks, city officials have found a site to house hundreds of homeless people who have lived in limbo since engineers last month condemned the bridge to their shelter on Long Island. The unsightly spot on the […]
Urban Market Debuts Newest Location In Long Island City
Nassry Mujalli, Councilmember Jimmy Van Bramer, Urban Market owner Sam Mujalli, Key Food Vice President of Business Development John Durante, Queens Borough President Melinda Katz, state Senator Michael Gianaris, and CEO Dean Janeway, and Vice President of Strategic Planning Chet Koby get ready to cut the ribbon at the Urban Market grand opening celebration. Key […]
In at $8M, out at $46M — just three years later
In at $8M, out at $46M — just three years later Steve Cheung sells LIC property for close to six times original purchase price November 13, 2014 03:11PM By Rich Bockmann From left: Joseph Stern and 29-37 41st Avenue A Queens-based developer who bought a prime Long Island City site for $8 million three years […]
Astoria Cove a boon for Long Island City
I am a resident of Astoria Houses for 17 years. Astoria Cove is extremely important to me because I have younger siblings that are being raised in this neighborhood. I have heard many positive ideas about the Astoria Cove development so far. One thing I am very excited about is the opportunity for this project […]
Back in Action this Friday Night in Long Island City, Queens
New York, N.Y. (Tuesday, November 11, 2014) – This Friday night at the Five Star Banquet Hall in Long Island City, Queens, Ronson Frank’s Uprising Promotions, in association with Peter “Kid Chocolate” Quillin, will be returning to action with a loaded card of top prospects. Leading the way on the show will be undefeated Uprising […]
Hearty group cheers on marathon runners in Long Island City
By Bill Parry TimesLedger Newspapers Carmen Rosario gave her lungs and legs quite a workout during Sunday’s 44th annual New York City Marathon, and she wasn’t even running the race this year. Normally around 150,000 runners enter the lottery and only one in three win a spot in the field of 50,000. “I run every […]