Author: emarshall

LIC condo activity climbs in Q2 2025 with surge in sales and contracts: report

July 14, 2025 By Ethan Marshall The second quarter of 2025 saw a strong showing from the condo market in Long Island City, with closed sales and new contracts signed both increasing immensely year-over-year, according to a report by the real estate company SERHANT. Over this period of time, closed sales of Long Island City… Read more »

LIC luxury tower 1 Queens Plaza South refinanced for over $158 million

July 8, 2025 By Ethan Marshall A 45-story luxury apartment tower in Long Island City has secured $158.2 million in refinancing, according to an announcement by Natixis Corporate and Investment Banking. The floating-rate loan was provided to refinance 1 Queens Plaza South, a 391-unit residential building located at 23-10 Queens Plaza South. Designed by SLCE… Read more »

New design revealed for 46-story, 561-unit tower near Queens Plaza

June 30, 2025 By Ethan Marshall An updated design has been made for an upcoming 46-story skyscraper that will have 561 housing units at 30-25 Queens Blvd. in Long Island City. The skyscraper will be 525 feet tall and span 511,000 square. Of the 561 residences, which will range in size from studios to two-bedroom… Read more »

Court Square to gain 636-unit, 55-story condo tower after developers secure $525M loan

June 12, 2025 By Ethan Marshall The real estate private equity firm Madison Realty Capital, the real estate development and management firm Kushner and the global investment manager OneIM have combined to provide a $525 million construction loan to Charney Companies and Tavros to assist in their development of a 55-story, 636-unit skyscraper in the Court Square… Read more »

Review Avenue industrial complex tops out in Long Island City

May 22, 2025 By Ethan Marshall The real estate investment and operating company Innovo Property Group announced the topping off of the Review Avenue Complex, an upcoming urban industrial facility at 28-90 Review Ave. in Long Island City, within the Borden Innovation District. Construction began on the complex toward the end of Spring 2024. The… Read more »

TF Cornerstone’s vision continues to shape Long Island City’s waterfront

May 13, 2025 By Ethan Marshall Since its founding in 1970 by Tom and Fred Elghanayan, the real estate development company TF Cornerstone has played a pivotal role in helping to shape the current landscape of the waterfront of Long Island City, as well as western Queens as a whole. Committed to long-term multi-generational ownership,… Read more »