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...

A Queens neighborhood has broken into New York City's top five most expensive areas for the very first time. According to PropertyShark's latest quarterly report, Malba — a small, affluent enclave in Whitestone near the Nassau County line — saw its median sales price surge a breathtaking 61% year-over-year to a record $2.5 million during Q1 2026. That stratospheric jump placed Malba as the fifth priciest neighborhood in all of New York City, standing just behind Tribeca and Soho. It marks the...

New York's leading developers pressed forward in 2025, filing plans for 19 million square feet of new projects among the city's 20 most active firms — a clear signal that confidence in the market remains strong despite ongoing trade policy headwinds. Related Companies led the pack, propelled by its massive 70 Hudson Yards office project — a 1.35 million-square-foot, 72-story tower that ranks as the nation's largest ground-up office development since the pandemic began. The firm also filed...