ARCFE and iCross Capital were honored to participate in the groundbreaking ceremony of the AG21/AG22 project, now officially named The Vera, a landmark residential development in the heart of Long Island City (LIC), Queens. This event marks the beginning of another exciting chapter for one of NYC’s most dynamic neighborhoods and represents another major milestone for United Construction & Development Group, one of the most active and accomplished developers in the NYC residential market. For...

The Flushing residential market continues to showcase its exceptional strength as another major development project secures substantial institutional backing. Prominent developer Century Development Group has successfully closed a $43.4 million construction loan to fund its upcoming mixed-income residential development. Located at 135-01 35th Avenue in Flushing, Queens, the planned 143,232-square-foot building will yield 116 premium units, featuring a high-quality mix of condominiums and...

The Long Island City residential market continues to attract premier global financial institutions as a high-performing multifamily asset secures a substantial refinancing package. Prominent developers Slate Property Group and Avenue Realty Capital have successfully secured an $86.25 million loan to refinance Dutch House, an eight-story premium multifamily property located in Long Island City, Queens. The substantial debt package was provided by Ares Capital Management, one of the world's...